Farmer Brothers Company Stock Forecast
Weaker technical forecast for Farmer Brothers Company as stock downgraded to Strong Sell Candidate.
(Updated on Jul 02, 2024)
The Farmer Brothers Company stock price fell by -3.60% on the last day (Tuesday, 2nd Jul 2024) from $2.50 to $2.41. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 9.66% from a day low at $2.38 to a day high of $2.61. The price has fallen in 8 of the last 10 days and is down by -19.13% 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 -9 thousand shares and in total, 64 thousand shares were bought and sold for approximately $154.59 thousand.
The stock has broken the 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 ($2.46) are considered to be a "second chance" to get out. According to the fan-theory $2.04 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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FARM Signals & Forecast
There are few to no technical positive signals at the moment. 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 $2.66 and $2.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -19.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Farmer Brothers Company stock
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 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 $0.230 between high and low, or 9.66%. For the last week the stock has had daily average volatility of 5.34%.
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 3rd
For the upcoming trading day on Wednesday, 3rd we expect Farmer Brothers Company to open at $2.47, and during the day (based on 14 day Average True Range), to move between $2.26 and $2.56, which gives a possible trading interval of +/-$0.148 (+/-6.15%) up or down from last closing price. If Farmer Brothers Company takes out the full calculated possible swing range there will be an estimated 12.31% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.86, some $0.450 (18.67%) from the current price of $2.41, our system finds the risk reward not very attractive.
Is Farmer Brothers Company stock A Buy?
Farmer Brothers Company holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.401 Strong Sell Candidate Downgraded
Predicted Opening Price for Farmer Brothers Company of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $2.47 ( 2.35%) | $2.41 |
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 | |
|---|---|---|
| R3 | 2.70 | 11.89% |
| R2 | 2.61 | 8.25% |
| R1 | 2.55 | 6.00% |
| Price | 2.41 | |
| S1 | 2.38 | -1.29% |
| S2 | 2.32 | -3.55% |
| S3 | 2.24 | -7.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.00 | 24.48% |
| R2 | 2.98 | 23.65% |
| R1 | 2.86 | 18.67% |
| Price | 2.41 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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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