14-day Premium Trial Subscription Sign Up For FreeGet Free

Weaker Hold
Today FMAO ranks #3200 as hold candidate. Get a Free Stock at Robinhood
Stronger Stock

Farmers and Merchants Bancorp Inc Stock Forecast NASDAQ:FMAO

$30.13 (2.00%)

Volume: 23k

Closed: Dec 07, 2021

Hollow Logo Score: 0.000

Farmers and Merchants Bancorp Inc Stock Forecast

$30.13 (2.00%)

Volume: 23k

Closed: Dec 07, 2021

Score Hollow Logo 0.000
Which way will FMAO go? Request
Stop-loss: $29.09 (-3.46%)
Key Stats
Trailing Dividend Rate 2.31% ($0.68)
* 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 77 and the stock is currently not being overbought or oversold

Weaker technical forecast for Farmers and Merchants Bancorp Inc as stock downgraded to Hold/Accumulate.
(Updated on Dec 07, 2021)


Buy or Hold candidate since 2021-10-19 Gain 27.40%

The Farmers and Merchants Bancorp Inc stock price gained 2.00% on the last trading day (Tuesday, 7th Dec 2021), rising from $29.54 to $30.13. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 5.66% from a day low at $29.22 to a day high of $30.88. The price has risen in 7 of the last 10 days and is up by 11.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 23 thousand shares were bought and sold for approximately $678.26 thousand.

The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $29.19, a level that may pose a second chance to hit a runner. According to fan-theory $30.99 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Signals & Forecast

The Farmers and Merchants Bancorp Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $29.41 and $26.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has risen 14.22%. 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). Farmers and Merchants Bancorp Inc 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. Higher liquidity also reduces the general risk.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $27.00 and $26.53. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Farmers and Merchants Bancorp Inc finds support just below today's level at $27.00. If this is broken, then the next support from accumulated volume will be at $26.53 and $22.80.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.66 between high and low, or 5.66%. For the last week, the stock has had a daily average volatility of 3.09%.

Since the Farmers and Merchants Bancorp Inc has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $29.09 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Is Farmers and Merchants Bancorp Inc stock A Buy?

Farmers and Merchants Bancorp Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Farmers and Merchants Bancorp Inc of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$30.08 $30.13 (Overvalued)
Hold/Accumulate Downgraded

Remember To Visit Our YouTube Channel

Analyst Ratings

Stephens does not see either upside or downside right now giving FMAO "Equal Weight" on their last update on Oct 09, 2020. The price target was set to $22.50.

Volatility and Risk
Daily Average Volatility: 3.09 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.09 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $30.13
Support: $27.00

FMAO Insider Trading Show all Trades

INSIDER POWER

1.352

Last 100 transactions
Buy: 89 125 | Sell: 65 938 (Shares)
Date Action Amount Person Type
Nov 10, 2021 Buy 37 172 Vernon David P COMMON
Oct 01, 2021 Buy 68 Vernon David P COMMON
Aug 23, 2021 Buy 800 Leininger Edward A COMMON
Aug 23, 2021 Sell 135 Leininger Edward A COMMON
Aug 23, 2021 Buy 2 000 Britenriker Barbara J COMMON
Show all Insider Trades
INSIDER POWER

1.352

Last 100 transactions
Buy: 89 125 | Sell: 65 938 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 31.73 5.31 %
31.10 3.21 %
30.71 1.92 %
Current price: 30.13
Support 29.44 -2.28 %
29.05 -3.58 %
28.42 -5.68 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 30.13
Support 27.00 -10.39%
26.53 -11.95%
22.80 -24.33%

Click to get the best stock tips daily for free!

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Get access to Golden Star list now!

StockInvest.usJoin 100 000+ Happy Subscribers

Don't miss out on the runners!

Get The StockInvest.Us Newsletter

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT