Farmer Brothers Company Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
Farmer Brothers Company gained 0.42% in the last trading day, rising from $23.59 to $23.69 The price has fallen in 6 of the last 10 days and is down by -2.51% for this period. Volume fell in the last day by -4 901 shares, and in total, 23 790 shares bought and sold for approximately $563 585.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Farmer Brothers Company lies in the middle of a 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 -10.79% during the next 3 months and, with 90% probability hold a price between $19.80 and $21.94 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday December 11, 2018, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Farmer Brothers Company holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $24.09 and $24.30. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Farmer Brothers Company finds support from accumulated volume at $23.62.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Farmer Brothers Company holds several negative signals and is within a 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.
|FARM $23.69 $0.10(0.42%)|
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