Farm Pride Foods Limited Stock Forecast
Farm Pride Foods Limited stock downgraded to Sell Candidate
(Updated on May 17, 2024)
No changes to the price of Farm Pride Foods Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.105 to a day high of $0.105. The price has been going up and down for this period, and there has been a -4.55% loss for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.32% during the next 3 months and, with a 90% probability hold a price between $0.0789 and $0.103 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FRM.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Farm Pride Foods Limited 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 $0.107 and $0.114. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Farm Pride Foods Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0990. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FRM.AX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Farm Pride Foods Limited to open at $0.105, and during the day (based on 14 day Average True Range), to move between $0.102 and $0.108, which gives a possible trading interval of +/-$0.0029 (+/-2.79%) up or down from last closing price. If Farm Pride Foods Limited takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.110 (4.76%) than the support at $0.0990 (5.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Farm Pride Foods Limited stock A Buy?
Farm Pride Foods Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.685 Sell Candidate Downgraded
Predicted Opening Price for Farm Pride Foods Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.105 ( 0%) | $0.105 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FRM.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.105 | . | |
| R2 | 0.105 | . | ||
| R1 | 0.105 | . | ||
| Current price: | 0.105 | |||
| Support | S1 | 0.105 | . | |
| S2 | 0.105 | . | ||
| S3 | 0.105 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.125 | 19.05 % | |
| R2 | 0.120 | 14.29 % | ||
| R1 | 0.110 | 4.76 % | ||
| Current price | 0.105 | |||
| Support | S1 | 0.0990 | -5.71% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FRM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 27, 1999 | Sep 17, 1999 | Sep 30, 1999 | $0.0114 | 1.72% |
| 2 | Aug 26, 1998 | Oct 28, 1998 | Nov 26, 1998 | $0.0152 | 2.32% |
FAQ
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