Flowers Foods Inc (FLO): Price Now Near $23.35; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for FLO

At the time of this writing, FLO (Get Ratings)’s price is up $0.02 (0.06%) from the hour prior. The hourly chart shows that FLO has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Food Products stocks, FLO ranks 24th in regards to today’s price percentage change.

FLO’s Technical Outlook on the Daily Chart

At the time of this writing, FLO’s price is up $0.03 (0.13%) from the day prior. FLO has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Flowers Foods Inc’s price action over the past 90 days can be seen via the chart below.

FLO

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FLO: Daily RSI Analysis

  • For FLO, its RSI is now at 100.
  • Note: FLO and RSI appear to be diverging in terms of their respective trends, with FLO declining at a faster rate than RSI.

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