Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FAMI
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Farmmi stock price ended at $0.83 on Thursday, after losing 0.89%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 04, 2024 Loss -20.88% PDF

The Farmmi stock price fell by -0.89% on the last day (Thursday, 28th Mar 2024) from $0.84 to $0.83. During the last trading day the stock fluctuated 6.25% from a day low at $0.83 to a day high of $0.88. The price has fallen in 6 of the last 10 days and is down by -7.48% for this period. Volume has increased on the last day by 13 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 46 thousand shares were bought and sold for approximately $38.06 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.792 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -21.19% during the next 3 months and, with a 90% probability hold a price between $0.624 and $0.98 at the end of this 3-month period.

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FAMI Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 3.42%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Farmmi 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 $0.86 and $1.04. A break-up above any of these levels will issue buy signals. Farmmi gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Farmmi stock

Farmmi finds support from accumulated volume at $0.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0519 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 9.99%.

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

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

For the upcoming trading day on Monday, 1st we expect Farmmi Inc. to open at $0.85, and during the day (based on 14 day Average True Range), to move between $0.751 and $0.91, which gives a possible trading interval of +/-$0.0800 (+/-9.64%) up or down from last closing price. If Farmmi Inc. takes out the full calculated possible swing range there will be an estimated 19.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.80 (3.31%) than the resistance at $0.86 (3.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Farmmi Inc. stock A Buy?

Farmmi 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: -2.619 Sell Candidate Unchanged

Predicted Opening Price for Farmmi Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.85 ( 2.04%) $0.83

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

Trading levels for FAMI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.90 8.29 %
R2 0.88 5.90 %
R1 0.87 4.43 %
Current price: 0.83
Support S1 0.83 -0.344 %
S2 0.82 -1.82 %
S3 0.796 -4.20 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.99 19.28 %
R2 0.88 6.14 %
R1 0.86 3.51 %
Current price 0.83
Support S1 0.80 -3.31%
S2 0 .
S3 0 .

FAQ

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

Should I buy or sell Farmmi Stock?
Farmmi 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.

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

What's the current price of Farmmi Stock?
As of the end of day on the 2024-03-28, the price of an Farmmi (FAMI) share was $0.83.

What is the 52-week high and low for Farmmi Stock?
The 52-week high for Farmmi Stock is $2.35 and the 52-week low is $0.211.

What is the market capitalization of Farmmi Stock?
As of the 2024-03-28, the market capitalization of Farmmi is 5.227M.

When is the next earnings date for Farmmi?
The upcoming earnings date for Farmmi is Apr 29, 2024.
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About Farmmi Inc.

Farmmi, Inc., together with its subsidiaries, processes and sells agricultural products in China, the United States, Japan, Canada, Europe, Korea, and the Middle East. The company offers shiitake and Mu Er mushrooms; and other edible fungi products, including bamboo fungi, agrocybe aegerila, pleurotus eryngii, coprinus comatus, grifola frondosa, and hericium erinaceus. It also operates Farmmi Jicai, an online store that sells edible fungi product... FAMI Profile

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