Farmer Brothers Company Stock Forecast

Red day on Friday for Farmer Brothers Company stock after losing 0.639%
(Updated on Apr 26, 2024)

FARM Signals & Forecast

There are few to no technical positive signals at the moment. The Farmer Brothers Company 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 $3.16 and $3.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -14.33%. 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). Farmer Brothers Company gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Farmer Brothers Company stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.160 between high and low, or 5.26%. For the last week, the stock has had daily average volatility of 4.55%.

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

Trading Expectations (FARM) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Farmer Brothers Company to open at $3.12, and during the day (based on 14 day Average True Range), to move between $2.94 and $3.28, which gives a possible trading interval of +/-$0.169 (+/-5.42%) up or down from last closing price. If Farmer Brothers Company takes out the full calculated possible swing range there will be an estimated 10.84% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $3.14, some $0.0300 (0.96%) from the current price of $3.11, our system finds the risk reward not very attractive.

Is Farmer Brothers Company stock A Buy?

Farmer Brothers Company holds several negative signals and is within a very 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.

Current score: -4.334 Sell Candidate Unchanged

Predicted Opening Price for Farmer Brothers Company of Monday, April 29, 2024

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