We assign a technical rating of 0 out of 10 to FLOB. FLOB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, FLOB is a bad performer in the overall market: 90% of all stocks are doing better.
FLOB is one of the lesser performing stocks in the Food Products industry. 82% of 57 stocks in the same industry do better.
FLOB is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month FLOB has a been trading in the 560.00 - 650.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: FLOB has an average volume of 45 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.