FLOB Technical Analysis - FLORIDIENNE

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to FLOB. FLOB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

83% of all other stocks performed better in the past year than FLOB.

FLOB is one of the lesser performing stocks in the Food Products industry. 68% of 59 stocks in the same industry do better.

Warning: FLOB has an average volume of 82 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

FLOB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FLOB is lagging the market.

In the last month FLOB has a been trading in the 500.00 - 650.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of FLOB is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

534.59

712.05

When analyzing the support we notice one important area.

Support @539.99 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 657.50 to 657.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 670.00 to 690.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @705.00 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	DOWN	NEGATIVE	The long term trend for FLOB.BR is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FLOB.BR is neutral.
ChartMill Relative Strength	17.21	NEGATIVE	FLOB.BR has a low relative strength, it was outperformed by 82.79% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of FLOB.BR is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of FLOB.BR is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FLOB.BR is below a declining SMA(200).
Relative Strength Index/RSI (14)	50.98	NEUTRAL	The RSI value for FLOB.BR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	3.89	POSITIVE	The MACD value suggests FLOB.BR has a positive trend.
Stochastics (14,3)	68.57	NEUTRAL	The Stochastics value for FLOB.BR is a neutral value.
Average True Range in percent/ATR (20)	2.5	MEDIUM VOLATILITY	The ATR as a percentage value for FLOB.BR suggests some volalility.
Average Directional Index/ADX (14)	38.85	POSITIVE	The high ADX value value for FLOB.BR suggests a strong trend.