Farmland Partners Inc Stock Forecast
Green day on Wednesday for Farmland Partners Inc
(Updated on Apr 24, 2024)
The Farmland Partners Inc stock price gained 0.461% on the last trading day (Wednesday, 24th Apr 2024), rising from $10.85 to $10.90. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.39% from a day low at $10.77 to a day high of $10.92. The price has risen in 8 of the last 10 days and is up by 4.81% 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, 23 thousand more shares were traded than the day before. In total, 213 thousand shares were bought and sold for approximately $2.32 million.
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 -6.51% during the next 3 months and, with a 90% probability hold a price between $9.60 and $10.58 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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FPI Signals & Forecast
The Farmland Partners Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $10.67 and $10.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 4.81%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Farmland Partners Inc stock
Farmland Partners Inc finds support from accumulated volume at $10.70 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 $0.150 (1.39%) between high and low. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $10.37 (-4.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (FPI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Farmland Partners Inc to open at $10.86, and during the day (based on 14 day Average True Range), to move between $10.70 and $11.10, which gives a possible trading interval of +/-$0.201 (+/-1.84%) up or down from last closing price. If Farmland Partners Inc takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.97 (0.64%) than the support at $10.70 (1.83%), 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.
Earnings coming up
Farmland Partners Inc will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0200. We will update the financials statements for Farmland Partners Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.16% in the first trading day after earnings release.
Is Farmland Partners Inc stock A Buy?
Farmland Partners Inc 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: 0.821 Hold/Accumulate Unchanged
Predicted Opening Price for Farmland Partners Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $10.86 ( 0.336%) | $10.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.01 | 1.04 % | |
| R2 | 10.96 | 0.514 % | ||
| R1 | 10.92 | 0.189 % | ||
| Current price: | 10.90 | |||
| Support | S1 | 10.81 | -0.86 % | |
| S2 | 10.77 | -1.19 % | ||
| S3 | 10.71 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.80 | 8.26 % | |
| R2 | 11.02 | 1.10 % | ||
| R1 | 10.97 | 0.642 % | ||
| Current price | 10.90 | |||
| Support | S1 | 10.70 | -1.83% | |
| S2 | 10.41 | -4.50% | ||
| S3 | 10.40 | -4.59% |
FPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.0600 | 0.577% |
| 2 | Oct 25, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.0600 | 0.533% |
| 3 | Dec 12, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.210 | 1.85% |
| 4 | Jul 26, 2023 | Sep 29, 2023 | Oct 16, 2023 | $0.0600 | 0.568% |
| 5 | May 03, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.0600 | 0.468% |
FAQ
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