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AI Analysis of SFM
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Sprouts Farmers Market stock price down 0.83% on Friday
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jun 24, 2024 Gain 1.67% PDF

The Sprouts Farmers Market stock price fell by -0.83% on the last day (Friday, 19th Jul 2024) from $82.71 to $82.02. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.01% from a day low at $81.43 to a day high of $83.07. The price has fallen in 6 of the last 10 days and is down by -0.59% for this period. 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 -268 thousand shares and in total, 574 thousand shares were bought and sold for approximately $47.06 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.23% during the next 3 months and, with a 90% probability hold a price between $94.08 and $104.10 at the end of this 3-month period.

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SFM Signals & Forecast

The Sprouts Farmers Market stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $83.13. On a fall, the stock will find some support from the long-term average at approximately $80.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, July 16, 2024, and so far it has fallen -3.65%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Sprouts Farmers Market stock

Sprouts Farmers Market finds support from accumulated volume at $79.17 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 $1.64 (2.01%) between high and low. For the last week, the stock has had daily average volatility of 2.66%.

Our recommended stop-loss: $78.32 (-4.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (SFM) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Sprouts Farmers Market to open at $82.17, and during the day (based on 14 day Average True Range), to move between $79.96 and $84.08, which gives a possible trading interval of +/-$2.06 (+/-2.51%) up or down from last closing price. If Sprouts Farmers Market takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $82.75 (0.89%) than the support at $79.17 (3.47%), 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 Sprouts Farmers Market 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 Sprouts Farmers Market stock to perform well in the short-term.

Current score: 2.453 Buy Candidate Unchanged

Predicted Opening Price for Sprouts Farmers Market of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$82.17 ( 0.187%) $82.02

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

Trading levels for SFM

Fibonacci Support & Resistance Levels

Level Price
R3 83.81 2.19%
R2 83.19 1.42%
R1 82.80 0.95%
Price 82.02
S1 81.55 -0.577%
S2 81.16 -1.05%
S3 80.53 -1.81%

Accumulated Volume Support & Resistance Levels

Level Price
R3 85.13 3.79%
R2 83.66 2.00%
R1 82.75 0.89%
Price 82.02
S1 79.17 -3.47%
S2 77.75 -5.21%
S3 72.00 -12.22%

FAQ

What is the symbol for Sprouts Farmers Market Stock and on which exchange is it traded?
The symbol for Sprouts Farmers Market is SFM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sprouts Farmers Market Stock?
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 Sprouts Farmers Market stock to perform well in the short-term.

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

What's the current price of Sprouts Farmers Market Stock?
As of the end of day on the Jul 19, 2024, the price of an Sprouts Farmers Market (SFM) share was $82.02.

What is the 52-week high and low for Sprouts Farmers Market Stock?
The 52-week high for Sprouts Farmers Market Stock is $86.04 and the 52-week low is $36.21.

What is the market capitalization of Sprouts Farmers Market Stock?
As of the Jul 19, 2024, the market capitalization of Sprouts Farmers Market is 8.241B.

When is the next earnings date for Sprouts Farmers Market?
The upcoming earnings date for Sprouts Farmers Market is Jul 29, 2024.
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About Sprouts Farmers Market

Sprouts Farmers Market Sprouts Farmers Market, Inc. offers fresh, natural, and organic food products in the United States. The company offers perishable product categories, including fresh produce, meat, seafood, deli, bakery, floral and dairy, and dairy alternatives; and non-perishable product categories, such as grocery, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care. As of January 2, 2022, it operated 374 stores i... SFM Profile

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