FARMMI INC (FAMI) Stock Technical Analysis
NASDAQ:FAMI - Nasdaq - KYG332771495 - Common Stock - Currency: USD
Overall FAMI gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. FAMI was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, FAMI is a bad performer in the overall market: 91% of all stocks are doing better.
FAMI is part of the Food Products industry. There are 91 other stocks in this industry, of which 67% are performing better than FAMI.
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 1.65 - 2.17 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, FAMI does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.76, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.68
1.99
2 important support areas can be observed.
- A support zone ranging from 1.75 to 1.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.70 to 1.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.97 to 1.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for FAMI is neutral. |
| ChartMill Relative Strength | 9.1 | NEGATIVE | FAMI has a low relative strength, it was outperformed by 90.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FAMI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FAMI is above the rising 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) | 59.14 | NEUTRAL | The RSI value for FAMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests FAMI has a positive trend. |
| Stochastics (14,3) | 61.19 | NEUTRAL | The Stochastics value for FAMI is a neutral value. |
| Average True Range in percent/ATR (20) | 7.03 | HIGH VOLATILITY | The high ATR as a percentage value for FAMI suggests high volalility. |
| Average Directional Index/ADX (14) | 51.72 | POSITIVE | The high ADX value value for FAMI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.9598
+0.12 (+6.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg6.51%
1 Week9.72%
2 Weeks7.08%
1 Month5.94%
3 Month29.79%
6 Month-55.48%
12 Month-70.3%
2 Year-95.92%
3 Year-98.11%
5 Year-99.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%7.03%
ATR Inc78.48%
Range Today0.37
ADR(20)0.13
ADR(20)%6.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.1
Mansfield-4.22
10 Day High2.17
10 Day Low1.65
20 Day High2.17
20 Day Low1.65
52 Week High7.44
52 Week Low1.43
CS1 End1.76
CR1 Start1.97
Volume & EV
DER(3)-5.92%
DER(5)2.91%
Volume129.80K
Volume Incr76.84%
Vol(5)39.62K
Vol(50)44.16K