Farmers & Merchants Bancorp Stock Forecast

Farmers & Merchants Bancorp stock price ended at $990.00 on Wednesday, after losing 1.00%.
(Updated on Jun 12, 2024)

FMCB Signals & Forecast

There are few to no technical positive signals at the moment. The Farmers & Merchants Bancorp 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 $998.57 and $1,017.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -10.00%. 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). Farmers & Merchants Bancorp 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". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, December 14, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Farmers & Merchants Bancorp stock

Farmers & Merchants Bancorp finds support from accumulated volume at $980.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.72 (0.479%) between high and low. For the last week, the stock has had daily average volatility of 0.0958%.

Our recommended stop-loss: $938.52 (-5.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 39 days ago.)

Trading Expectations (FMCB) For The Upcoming Trading Day Of Thursday 13th

For the upcoming trading day on Thursday, 13th we expect Farmers & Merchants Bancorp to open at $988.43, and during the day (based on 14 day Average True Range), to move between $979.82 and $1,000.18, which gives a possible trading interval of +/-$10.18 (+/-1.03%) up or down from last closing price. If Farmers & Merchants Bancorp takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $980.27 (0.98%) than the resistance at $1,000.37 (1.05%), 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 & Merchants Bancorp stock A Buy?

Farmers & Merchants Bancorp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

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 & Merchants Bancorp of Thursday, June 13, 2024

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