High volatility in Farmmi Inc. stock price on Thursday which ended trading at $0.46

The Farmmi Inc. stock price gained 36.03% on the last trading day (Thursday, 30th Sep 2021), rising from $0.34 to $0.46. , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 40.73% from a day low at $0.38 to a day high of $0.53. The price has risen in 6 of the last 10 days and is up by 92.87% 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, 593 million more shares were traded than the day before. In total, 1 billion shares were bought and sold for approximately $610.55 million.

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 -20.90% during the next 3 months and, with a 90% probability hold a price between $0.16 and $0.43 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

The Farmmi Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.27 and $0.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, September 24, 2021, and so far it has risen 122.36%. 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).

On the downside, the stock finds support just below today's level from accumulated volume at $0.43 and $0.42.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Farmmi Inc. finds support just below today's level at $0.43. If this is broken, then the next support from accumulated volume will be at $0.42 and $0.41.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.15 between high and low, or 40.73%. For the last week, the stock has had a daily average volatility of 31.28%.

Farmmi Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.