Fri 15'th Jun 2018
Farmer Brothers Company Stock Analysis
Technical stock analysis for Fri 15'th Jun 2018
Farmer Brothers Company gained 0.33% in the last trading day, rising from $30.35 to $30.45 The price has fallen in 5 of the last 10 days , but is still up by 1.5% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 18 194 more shares were traded than the day before. In total, 58 094 shares bought and sold for approximately $0.00.
|Shorts||5.95% ( 2018-05-31 )|
Farmer Brothers Company lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $30.65 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.45% during the next 3 months and, with 90% probability hold a price between $21.68 and $28.67 at the end of this period.
Farmer Brothers Company holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $30.17 and $28.15. A break down below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday June 12, 2018, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 66 and the stock is currently not being overbought or oversold
Support & Resistance
Farmer Brothers Company finds support from accumulated volume at $29.60.
This stock may move much during a 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 $1.03 between high and low, or 3.46%. For the last week, the stock has had a daily average volatility of 2.53%.
Our recommended stoploss: $29.07 (-4.52%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 3 days ago.)
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Farmer Brothers Company holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
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