RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FRPT
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Freshpet stock price ended at $120.01 on Tuesday, after gaining 0.234%.
(Updated on Jul 23, 2024)

Sell candidate since Jul 10, 2024 Loss -1.58% PDF

The Freshpet stock price gained 0.234% on the last trading day (Tuesday, 23rd Jul 2024), rising from $119.73 to $120.01. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.02% from a day low at $119.63 to a day high of $122.04. The price has risen in 6 of the last 10 days but is still down by -7.28% for this period. Volume fell on the last day by -98 thousand shares and in total, 352 thousand shares were bought and sold for approximately $42.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $118.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.42% during the next 3 months and, with a 90% probability hold a price between $132.23 and $153.88 at the end of this 3-month period.

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FRPT Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Freshpet 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 $121.36 and $127.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 08, 2024, and so far it has fallen -11.47%. 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).

Support, Risk & Stop-loss for Freshpet stock

Freshpet finds support from accumulated volume at $119.34 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 $2.42 between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 3.63%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FRPT) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Freshpet to open at $120.56, and during the day (based on 14 day Average True Range), to move between $115.79 and $124.23, which gives a possible trading interval of +/-$4.22 (+/-3.51%) up or down from last closing price. If Freshpet takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $119.34 (0.56%) than the resistance at $121.03 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Freshpet stock A Buy?

The Freshpet stock holds several negative signals and despite the positive trend, we believe Freshpet will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.587 Sell Candidate Unchanged

Predicted Opening Price for Freshpet of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$120.56 ( 0.457%) $120.01

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

Trading levels for FRPT

Fibonacci Support & Resistance Levels

Level Price
R3 122.97 2.47%
R2 122.05 1.70%
R1 121.48 1.23%
Price 120.01
S1 119.64 -0.312%
S2 119.07 -0.787%
S3 118.14 -1.56%

Accumulated Volume Support & Resistance Levels

Level Price
R3 129.93 8.27%
R2 121.94 1.61%
R1 121.03 0.85%
Price 120.01
S1 119.34 -0.558%
S2 119.21 -0.667%
S3 109.58 -8.69%

FAQ

What is the symbol for Freshpet Stock and on which exchange is it traded?
The symbol for Freshpet is FRPT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Freshpet Stock?
The Freshpet stock holds several negative signals and despite the positive trend, we believe Freshpet will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Freshpet Stock?
Freshpet Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Freshpet Stock.

What's the current price of Freshpet Stock?
As of the end of day on the Jul 23, 2024, the price of an Freshpet (FRPT) share was $120.01.

What is the 52-week high and low for Freshpet Stock?
The 52-week high for Freshpet Stock is $136.34 and the 52-week low is $54.60.

What is the market capitalization of Freshpet Stock?
As of the Jul 23, 2024, the market capitalization of Freshpet is 5.799B.

When is the next earnings date for Freshpet?
The upcoming earnings date for Freshpet is Aug 05, 2024.
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About Freshpet

Freshpet Freshpet, Inc. manufactures and markets natural fresh meals and treats for dogs and cats in the United States, Canada, and Europe. The company sells its products under the Freshpet brand; and Dognation and Dog Joy labels through various classes of retail, including grocery, mass, club, pet specialty, and natural, as well as online. Freshpet, Inc. was incorporated in 2004 and is headquartered in Secaucus, New Jersey.... FRPT Profile

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