Farmers and Merchants Bancorp Inc Stock Forecast
Farmers and Merchants Bancorp Inc stock downgraded to Hold/Accumulate
(Updated on May 03, 2024)
The Farmers and Merchants Bancorp Inc stock price fell by -0.593% on the last day (Friday, 3rd May 2024) from $21.92 to $21.79. During the last trading day the stock fluctuated 5.76% from a day low at $21.26 to a day high of $22.49. The price has risen in 6 of the last 10 days and is up by 3.76% over the past 2 weeks. 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 -4 thousand shares and in total, 15 thousand shares were bought and sold for approximately $327.61 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Farmers and Merchants Bancorp Inc stock with a 90% probability to be traded between $19.19 and $22.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FMAO 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 $21.23 and $20.97. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -0.593%. Further fall is indicated until a new bottom pivot has been found. 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 Farmers and Merchants Bancorp Inc stock
Farmers and Merchants Bancorp Inc finds support from accumulated volume at $21.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.23 between high and low, or 5.76%. For the last week the stock has had daily average volatility of 4.54%.
Our recommended stop-loss: $20.93 (-3.97%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (FMAO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Farmers and Merchants Bancorp Inc to open at $21.85, and during the day (based on 14 day Average True Range), to move between $20.80 and $22.78, which gives a possible trading interval of +/-$0.99 (+/-4.56%) up or down from last closing price. If Farmers and Merchants Bancorp Inc takes out the full calculated possible swing range there will be an estimated 9.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.41 (1.74%) than the resistance at $22.29 (2.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 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: -0.789 Hold/Accumulate Downgraded
Predicted Opening Price for Farmers and Merchants Bancorp Inc of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$21.85 ( 0.267%) | $21.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMAO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.07 | 5.89 % | |
R2 | 22.61 | 3.74 % | ||
R1 | 22.32 | 2.42 % | ||
Current price: | 21.79 | |||
Support | S1 | 21.38 | -1.88 % | |
S2 | 21.09 | -3.21 % | ||
S3 | 20.62 | -5.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.50 | 3.26 % | |
R2 | 22.30 | 2.34 % | ||
R1 | 22.29 | 2.29 % | ||
Current price | 21.79 | |||
Support | S1 | 21.41 | -1.74% | |
S2 | 21.30 | -2.25% | ||
S3 | 19.61 | -10.00% |
FMAO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 19, 2024 | Mar 27, 2024 | Apr 20, 2024 | $0.220 | 1.05% |
2 | Dec 19, 2023 | Dec 28, 2023 | Jan 20, 2024 | $0.220 | 0.97% |
3 | Sep 26, 2023 | Oct 05, 2023 | Oct 20, 2023 | $0.210 | 1.19% |
4 | Jun 27, 2023 | Jul 06, 2023 | Jul 20, 2023 | $0.210 | 0.85% |
5 | Mar 21, 2023 | Mar 30, 2023 | Apr 20, 2023 | $0.210 | 0.89% |
FAQ
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