Farmer Brothers Company Stock Forecast
Farmer Brothers Company stock price ended on $3.92 on Friday after gaining 0.256%
(Updated on Mar 24, 2023)
The Farmer Brothers Company stock price gained 0.256% on the last trading day (Friday, 24th Mar 2023), rising from $3.91 to $3.92. During the last trading day the stock fluctuated 3.08% from a day low at $3.90 to a day high of $4.02. The price has fallen in 7 of the last 10 days and is down by -4.39% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately $68.78 thousand.
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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 -17.70% during the next 3 months and, with a 90% probability hold a price between $2.96 and $3.97 at the end of this 3-month period.
FARM Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 20, 2023, and so far it has risen 7.10%. Further rise is indicated until a new top pivot has been found. Farmer Brothers Company has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $4.36. On a fall, the stock will find some support from the short-term average at $3.84. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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Support, Risk & Stop-loss for Farmer Brothers Company stock
Farmer Brothers Company finds support from accumulated volume at $3.77 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 $0.120 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 4.64%.
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 Monday 27th
For the upcoming trading day on Monday, 27th we expect Farmer Brothers Company to open at $3.95, and during the day (based on 14 day Average True Range), to move between $3.73 and $4.11, which gives a possible trading interval of +/-$0.190 (+/-4.85%) up or down from last closing price. If Farmer Brothers Company takes out the full calculated possible swing range there will be an estimated 9.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.77 (3.83%) than the resistance at $4.48 (14.29%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.398 Open Broker AccountSell Candidate Unchanged
Predicted Opening Price for Farmer Brothers Company of Monday, March 27, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price March 27, 2023||Current price|
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Trading levels for FARM
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
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