FARMMI INC-A (FAMI) Technical Analysis
NASDAQ:FAMI • KYG332771495
Current stock price
FAMI Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to FAMI. FAMI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, FAMI is a bad performer in the overall market: 87% of all stocks are doing better.
- FAMI is one of the lesser performing stocks in the Food Products industry. 63% of 87 stocks in the same industry do better.
- FAMI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month FAMI has a been trading in the 1.10 - 1.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Warning: FAMI has an average volume of 16173 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
FAMI Weekly and Daily overview Charts
FAMI Setup Rating and Analysis
FAMI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.21, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FAMI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
FAMI Support and Resistance Analysis
1.17
When analyzing the support we can see 2 important areas.
- Support @1.21 from a horizontal line in the daily time frame.
- A support zone ranging from 1.18 to 1.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.24 to 1.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.26 to 1.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.37 from a trend line in the daily time frame.
- Resistance @1.59 from a horizontal line in the daily time frame.
FAMI Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for FAMI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FAMI is down. |
| ChartMill Relative Strength | 13.26 | NEGATIVE | FAMI has a low relative strength, it was outperformed by 86.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FAMI is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FAMI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FAMI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.43 | NEUTRAL | The RSI value for FAMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FAMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.92 | NEUTRAL | The Stochastics value for FAMI is a neutral value. |
| Average True Range in percent/ATR (20) | 8.29 | HIGH VOLATILITY | The high ATR as a percentage value for FAMI suggests high volalility. |
| Average Directional Index/ADX (14) | 24.21 | NEUTRAL | The ADX value for FAMI suggests a possible start of a new trend. |
FAMI Chart- and CandleStick Pattern Analysis
FAMI Technicals: Chart, Performance Metrics, Trend & Indicators
1.23
+0.01 (+0.82%)
FARMMI INC-A / FAMI TA FAQ
Can you provide the ChartMill technical rating for FARMMI INC-A?
ChartMill assigns a technical rating of 0 / 10 to FAMI.
What is the trend direction for FAMI stock?
The current trend direction for FARMMI INC-A (FAMI) is Bearish.
What is the RSI signal for FARMMI INC-A (FAMI) stock?
FARMMI INC-A (FAMI) has an RSI value of 47.4276. This indicates that the stock is currently neutral.
What is the MACD signal for FARMMI INC-A (FAMI) stock?
The MACD indicator for FARMMI INC-A (FAMI) has a value of 0.00422703, indicating a bearish trend.
What is the short term momentum for FAMI stock?
The short term momentum for FARMMI INC-A (FAMI) is negative.