Farmer Brothers Company Stock Forecast
Green day on Tuesday for Farmer Brothers Company
(Updated on May 07, 2024)
The Farmer Brothers Company stock price gained 0.94% on the last trading day (Tuesday, 7th May 2024), rising from $3.18 to $3.21. During the last trading day the stock fluctuated 7.44% from a day low at $3.18 to a day high of $3.42. The price has fallen in 5 of the last 10 days but is still up by 1.58% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately $144.27 thousand.
The stock 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 -12.56% during the next 3 months and, with a 90% probability hold a price between $2.50 and $3.01 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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FARM Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 3.55%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Farmer Brothers Company has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Farmer Brothers Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.31. On a fall, the stock will find some support from the short-term average at $3.16. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Farmer Brothers Company stock
Farmer Brothers Company finds support from accumulated volume at $3.14 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 $0.237 between high and low, or 7.44%. For the last week, the stock has had daily average volatility of 4.99%.
Our recommended stop-loss: $3.05 (-4.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (FARM) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Farmer Brothers Company to open at $3.27, and during the day (based on 14 day Average True Range), to move between $3.05 and $3.37, which gives a possible trading interval of +/-$0.162 (+/-5.04%) up or down from last closing price. If Farmer Brothers Company takes out the full calculated possible swing range there will be an estimated 10.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.14 (2.18%) than the resistance at $3.60 (11.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Farmer Brothers Company will release earnings AMC on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.160. We will update the financials statements for Farmer Brothers Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.27% in the first trading day after earnings release.
Is Farmer Brothers Company stock A Buy?
Farmer Brothers Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.966 Hold/Accumulate Unchanged
Predicted Opening Price for Farmer Brothers Company of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $3.27 ( 1.86%) | $3.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FARM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.51 | 9.24 % | |
| R2 | 3.42 | 6.42 % | ||
| R1 | 3.36 | 4.68 % | ||
| Current price: | 3.21 | |||
| Support | S1 | 3.18 | -0.95 % | |
| S2 | 3.12 | -2.70 % | ||
| S3 | 3.03 | -5.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.67 | 14.33 % | |
| R2 | 3.63 | 13.08 % | ||
| R1 | 3.60 | 11.99 % | ||
| Current price | 3.21 | |||
| Support | S1 | 3.14 | -2.18% | |
| S2 | 3.13 | -2.49% | ||
| S3 | 3.12 | -2.80% |
FARM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2010 | Jan 26, 2011 | Feb 14, 2011 | $0.0600 | 0.428% |
| 2 | Sep 01, 2010 | Oct 20, 2010 | Nov 08, 2010 | $0.115 | 0.678% |
| 3 | Jun 01, 2010 | Jul 21, 2010 | Aug 09, 2010 | $0.115 | 0.663% |
| 4 | Mar 01, 2010 | Apr 21, 2010 | May 10, 2010 | $0.115 | 0.593% |
| 5 | Dec 15, 2009 | Jan 20, 2010 | Feb 08, 2010 | $0.115 | 0.688% |
FAQ
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