FLOWERS FOODS INC (FLO)       29.98  +0.09 (+0.3%)

29.98  +0.09 (+0.3%)

US3434981011 - Common Stock - After market: 29.98 0 (0%)

Technical Rating

10

Taking everything into account, FLO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FLO is showing a nice and steady performance.



The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FLO did better than 88% of all other stocks. On top of that, FLO also shows a nice and consistent pattern of rising prices.
FLO is one of the better performing stocks in the Food Products industry, it outperforms 78% of 101 stocks in the same industry.
A new 52 week high is currently being made by FLO, which is a very good signal! Especially since the S&P500 is only trading in the middle part of its 52 week range, so FLO is leading the market.
In the last month FLO has a been trading in the 26.65 - 30.16 range, which is quite wide. It is currently trading near the high of this range.
FLO has an average volume of 1353540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Statistics

1 Month 3 Months 6 Months 12 Months 5.19% 11.08% 14.91% 16.47% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 88.86 24.15 - 30.16
FLO Weekly chart
FLO Daily chart

Support/Resistance Analysis


24.09

30.35
We found 5 important support areas.
  • A support zone ranging from 27.89 to 28.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 27.34 to 27.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 26.90 to 26.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 24.82 to 24.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 24.33 to 24.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
  • A resistance zone ranging from 29.99 to 30.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

7

Although FLO has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
30.0628.471.59 (5.27%)18.97%
An entry @30.06. This is a Buy Stop order right above the resistance zone.An exit @28.47. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 1.59 points, which is 5.27%.For a 1.00% total portfolio risk, you can invest 18.97% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
FLO Daily chart

FLOWERS FOODS INC29.98

NYSE:FLO (12/2/2022, 7:04:00 PM)+0.09 (+0.3%)

After market: 29.98 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Staples
GICS Industry Food Products
Performance
Today 0.3% 1 Week 0.74%
2 Weeks 5.68% 1 Month 5.19%
3 Month 11.08% 6 Month 14.91%
Volatility
ATR(14) 0.49 ATR(20)% 2.06%
ATR Inc -52.17% Range Today 0.35
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 88.86 Mansfield 1.24
10 Day High 30.16 10 Day Low 28.49
20 Day High 30.16 20 Day Low 26.65
52 Week High 30.16 52 Week Low 24.15
CS1 End 28.22 CR1 Start 29.99
Volume & EV
DER(3) 3.03% DER(5) 1.4%
Volume 2.03M Volume Incr 1.95%
Vol(5) 1.49M Vol(50) 1.35M

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