Flowers Foods Technical Analysis (NYSE:FLO)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Flowers Foods stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the FLO stock chart which creates a trading signal.
See Flowers Foods bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. The technical analysis form of Flowers Foods stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Flowers Foods Moving Average
Moving averages show the FLO stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Flowers Foods are mostly signals of long term trends and will help long term traders.
Flowers Foods Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the FLO stock. The stock price is trading between the average and the lower band in the context of Flowers Foods bollinger bands.
Flowers Foods Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Flowers Foods MACD line is above the signal line.
Flowers Foods Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of FLO stock is 15.45.