FirstFarms A/S Stock Forecast
FirstFarms A/S stock price down 1.02% on Monday
(Updated on May 13, 2024)
The FirstFarms A/S stock price fell by -1.02% on the last day (Monday, 13th May 2024) from kr78.20 to kr77.40. During the last trading day the stock fluctuated 1.30% from a day low at kr77.20 to a day high of kr78.20. The price has fallen in 6 of the last 10 days and is down by -3.01% for this period. Volume has increased on the last day by 42 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, 2 thousand shares were bought and sold for approximately kr168.50 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr75.89 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.53% during the next 3 months and, with a 90% probability hold a price between kr89.96 and kr104.61 at the end of this 3-month period.
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FFARMS.CO Signals & Forecast
There are few to no technical positive signals at the moment. The FirstFarms A/S 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 kr78.60 and kr79.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -5.15%. 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). FirstFarms A/S 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".
Support, Risk & Stop-loss for FirstFarms A/S stock
FirstFarms A/S finds support from accumulated volume at kr77.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr1.00 between high and low, or 1.30%. For the last week the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FFARMS.CO) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect FirstFarms A/S to open at kr77.60, and during the day (based on 14 day Average True Range), to move between kr76.07 and kr78.73, which gives a possible trading interval of +/-kr1.33 (+/-1.72%) up or down from last closing price. If FirstFarms A/S takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr77.00 (0.52%) than the resistance at kr80.00 (3.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FirstFarms A/S stock A Buy?
The FirstFarms A/S stock holds several negative signals and despite the positive trend, we believe FirstFarms A/S will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.842 Sell Candidate Unchanged
Predicted Opening Price for FirstFarms A/S of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| kr77.60 ( 0.258%) | kr77.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFARMS.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 78.60 | 1.55 % | |
| R2 | 78.22 | 1.06 % | ||
| R1 | 77.98 | 0.752 % | ||
| Current price: | 77.40 | |||
| Support | S1 | 77.22 | -0.235 % | |
| S2 | 76.98 | -0.540 % | ||
| S3 | 76.60 | -1.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.00 | 4.65 % | |
| R2 | 80.40 | 3.88 % | ||
| R1 | 80.00 | 3.36 % | ||
| Current price | 77.40 | |||
| Support | S1 | 77.00 | -0.517% | |
| S2 | 76.00 | -1.81% | ||
| S3 | 74.80 | -3.36% |
FFARMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | kr0.95 | 1.11% |
| 2 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | kr0.85 | 1.03% |
| 3 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | kr0.750 | 1.04% |
| 4 | Apr 25, 2019 | Apr 25, 2019 | Apr 25, 2019 | kr0.530 | 1.05% |
FAQ
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