Farmer Brothers Company Stock Forecast
Green day on Tuesday for Farmer Brothers Company stock after gaining 0.96%
(Updated on Apr 23, 2024)
The Farmer Brothers Company stock price gained 0.96% on the last trading day (Tuesday, 23rd Apr 2024), rising from $3.13 to $3.16. During the last trading day the stock fluctuated 3.82% from a day low at $3.14 to a day high of $3.26. The price has fallen in 6 of the last 10 days and is down by -4.82% for this period. Volume fell on the last day by -5 thousand shares and in total, 16 thousand shares were bought and sold for approximately $50.77 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.34% during the next 3 months and, with a 90% probability hold a price between $2.61 and $3.31 at the end of this 3-month period.
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FARM Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Farmer Brothers Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.19 and $3.41. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, March 11, 2024 and based on theory for this formation the price should fall by -3.08% to $3.06 within 29 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for Farmer Brothers Company stock
Farmer Brothers Company finds support from accumulated volume at $3.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.120 between high and low, or 3.82%. For the last week the stock has had daily average volatility of 4.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FARM) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Farmer Brothers Company to open at $3.19, and during the day (based on 14 day Average True Range), to move between $2.99 and $3.33, which gives a possible trading interval of +/-$0.173 (+/-5.49%) up or down from last closing price. If Farmer Brothers Company takes out the full calculated possible swing range there will be an estimated 10.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.14 (0.63%) than the resistance at $3.63 (14.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Farmer Brothers Company stock A Buy?
Farmer Brothers Company holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.019 Sell Candidate Unchanged
Predicted Opening Price for Farmer Brothers Company of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $3.19 ( 0.84%) | $3.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FARM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.31 | 4.64 % | |
| R2 | 3.26 | 3.19 % | ||
| R1 | 3.23 | 2.29 % | ||
| Current price: | 3.16 | |||
| Support | S1 | 3.14 | -0.607 % | |
| S2 | 3.11 | -1.50 % | ||
| S3 | 3.07 | -2.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.78 | 19.62 % | |
| R2 | 3.67 | 16.14 % | ||
| R1 | 3.63 | 14.87 % | ||
| Current price | 3.16 | |||
| Support | S1 | 3.14 | -0.633% | |
| S2 | 3.13 | -0.95% | ||
| S3 | 3.12 | -1.27% |
FARM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2010 | Jan 26, 2011 | Feb 14, 2011 | $0.0600 | 0.428% |
| 2 | Sep 01, 2010 | Oct 20, 2010 | Nov 08, 2010 | $0.115 | 0.678% |
| 3 | Jun 01, 2010 | Jul 21, 2010 | Aug 09, 2010 | $0.115 | 0.663% |
| 4 | Mar 01, 2010 | Apr 21, 2010 | May 10, 2010 | $0.115 | 0.593% |
| 5 | Dec 15, 2009 | Jan 20, 2010 | Feb 08, 2010 | $0.115 | 0.688% |
FAQ
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