Farmland Partners Inc Stock Forecast
Farmland Partners Inc stock price ended at $11.58 on Friday, after losing 0.771%.
(Updated on Jun 21, 2024)
The Farmland Partners Inc stock price fell by -0.771% on the last day (Friday, 21st Jun 2024) from $11.67 to $11.58. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.21% from a day low at $11.58 to a day high of $11.72. The price has fallen in 6 of the last 10 days but is still up by 5.18% over the past 2 weeks. Volume has increased on the last day by 44 thousand 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, 264 thousand shares were bought and sold for approximately $3.05 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $11.73 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.43% during the next 3 months and, with a 90% probability hold a price between $11.33 and $12.37 at the end of this 3-month period.
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FPI Signals & Forecast
The Farmland Partners 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 $11.50 and $11.13. 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 Monday, June 17, 2024, and so far it has fallen -1.03%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Farmland Partners Inc stock
Farmland Partners Inc finds support from accumulated volume at $11.51 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.140 between high and low, or 1.21%. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $11.27 (-2.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (FPI) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Farmland Partners Inc to open at $11.63, and during the day (based on 14 day Average True Range), to move between $11.34 and $11.82, which gives a possible trading interval of +/-$0.243 (+/-2.10%) up or down from last closing price. If Farmland Partners Inc takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.51 (0.60%) than the resistance at $11.67 (0.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Farmland Partners Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Farmland Partners Inc stock to perform well in the short-term.
Current score: 1.895 Buy Candidate Unchanged
Predicted Opening Price for Farmland Partners Inc of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $11.63 ( 0.403%) | $11.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.77 | 1.61% |
| R2 | 11.71 | 1.15% |
| R1 | 11.68 | 0.86% |
| Price | 11.58 | |
| S1 | 11.57 | -0.0588% |
| S2 | 11.54 | -0.344% |
| S3 | 11.49 | -0.81% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.70 | 1.04% |
| R2 | 11.69 | 0.95% |
| R1 | 11.67 | 0.777% |
| Price | 11.58 | |
| S1 | 11.51 | -0.604% |
| S2 | 10.90 | -5.87% |
| S3 | 10.40 | -10.19% |
FPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.0600 | 0.517% |
| 2 | Apr 30, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0600 | 0.517% |
| 3 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.0600 | 0.577% |
| 4 | Oct 25, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.0600 | 0.533% |
| 5 | Dec 12, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.210 | 1.85% |
FAQ
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