RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FRPT
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Weaker technical forecast for Freshpet as stock downgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Dec 06, 2023 Gain 59.94% PDF

The Freshpet stock price gained 0.130% on the last trading day (Thursday, 28th Mar 2024), rising from $115.71 to $115.86. During the last trading day the stock fluctuated 1.44% from a day low at $115.11 to a day high of $116.77. The price has risen in 7 of the last 10 days and is up by 5.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 135 thousand more shares were traded than the day before. In total, 426 thousand shares were bought and sold for approximately $49.34 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 41.19% during the next 3 months and, with a 90% probability hold a price between $155.32 and $176.47 at the end of this 3-month period.

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FRPT Signals & Forecast

The Freshpet stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $114.45 and $104.26. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 6.87%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Freshpet stock

Freshpet finds support from accumulated volume at $113.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.66 (1.44%) between high and low. For the last week, the stock has had daily average volatility of 2.05%.

Our recommended stop-loss: $111.38 (-3.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (FRPT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Freshpet to open at $115.91, and during the day (based on 14 day Average True Range), to move between $112.74 and $118.98, which gives a possible trading interval of +/-$3.12 (+/-2.69%) up or down from last closing price. If Freshpet takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $113.03, some $2.83 (2.44%) from the current price of $115.86, our system finds the risk reward attractive.

Is Freshpet stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Freshpet stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.767 Buy Candidate Downgraded

Predicted Opening Price for Freshpet of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$115.91 ( 0.0446%) $115.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FRPT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 117.57 1.47 %
R2 116.93 0.93 %
R1 116.54 0.590 %
Current price: 115.86
Support S1 115.28 -0.501 %
S2 114.89 -0.84 %
S3 114.26 -1.38 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 115.86
Support S1 113.03 -2.44%
S2 110.12 -4.95%
S3 108.28 -6.54%

FAQ

What is the symbol for Freshpet Stock and on which exchange is it traded?
The symbol for Freshpet is FRPT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Freshpet Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Freshpet stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy Freshpet Stock?
Freshpet Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Freshpet Stock.

What's the current price of Freshpet Stock?
As of the end of day on the 2024-03-28, the price of an Freshpet (FRPT) share was $115.86.

What is the 52-week high and low for Freshpet Stock?
The 52-week high for Freshpet Stock is $116.96 and the 52-week low is $54.60.

What is the market capitalization of Freshpet Stock?
As of the 2024-03-28, the market capitalization of Freshpet is 5.595B.

When is the next earnings date for Freshpet?
The upcoming earnings date for Freshpet is May 13, 2024.
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About Freshpet

Freshpet Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey.... FRPT Profile

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