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$0.24 (-4.84%)

Volume: 107M

Closed: September 16, 2021

Score: -5.875
Weaker Stock
Today FAMI ranks #17100 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

Farmmi Inc. Stock Forecast

$0.24 (-4.84%)

Volume: 107M

Closed: September 16, 2021

Score -5.875
Which way will FAMI go? Request
Key Stats
Beta 1.37
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] RSI14 is 37 and the stock is currently not being overbought or oversold

Big movements in Farmmi Inc. stock price on Thursday moving 11.95% between high and low
(Updated on September 16, 2021)


Sell candidate since 2021-09-13 Loss -14.36%

The Farmmi Inc. stock price fell by -4.84% on the last day (Thursday, 16th Sep 2021) from $0.25 to $0.24. During the day the stock fluctuated 11.95% from a day low at $0.23 to a day high of $0.26. The price has fallen in 6 of the last 10 days and is down by -43.44% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -77 million shares and in total, 107 million shares were bought and sold for approximately $25.63 million.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.32) are considered to be a "second chance" to get out. According to the fan-theory $0.0710 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Farmmi Inc. 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 $0.35 and $0.39. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, September 10, 2021, and so far it has fallen -58.30%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.0277 between high and low, or 11.95%. For the last week, the stock has had a daily average volatility of 17.98%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Farmmi Inc. stock A Buy?

Farmmi Inc. 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: -5.875

Predicted Opening Price for Farmmi Inc. of Friday, September 17, 2021

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

Fair opening price September 17, 2021 Current price
$0.24 $0.24 (Undervalued)
Strong Sell Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 17.98 %
Overall Risk: Very High High Medium Low Very Low
Volatility
17.98 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.25
Price: $0.24
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.27 13.18 %
0.26 8.77 %
0.25 6.04 %
Current price: 0.24
Support 0.23 -2.79 %
0.23 -5.51 %
0.22 -9.92 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.28 16.76 %
0.25 5.09 %
0.25 2.67 %
Current price 0.24
Support 0 .
0 .
0 .

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