FFARM Technical Analysis - FORFARMERS NV

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to FFARM. In the last year, FFARM was one of the better performers, but we do observe some doubts in the very recent evolution.

In the last month FFARM has a been trading in the 4.30 - 4.86 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

FFARM is one of the better performing stocks in the Food Products industry, it outperforms 84% of 59 stocks in the same industry.

Looking at the yearly performance, FFARM did better than 83% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

FFARM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FFARM is lagging the market.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FORFARMERS NV / FFARM Weekly stock chart

Setup Rating and Analysis

Although FFARM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.65

4.91

When analyzing the support we can see 3 important areas.

Support @3.92 from a trend line in the weekly time frame.
A support zone ranging from 3.76 to 3.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @3.69 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 4.81 to 4.86. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for FFARM.AS is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for FFARM.AS is neutral.
ChartMill Relative Strength	83.57	POSITIVE	FFARM.AS has a high relative strength, it outperformed 83.57% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of FFARM.AS is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of FFARM.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of FFARM.AS is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.68	NEUTRAL	The RSI value for FFARM.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests FFARM.AS has a negative trend.
Stochastics (14,3)	1.72	OVERSOLD	The low Stochastics value suggests FFARM.AS may be oversold.
Average True Range in percent/ATR (20)	2.67	MEDIUM VOLATILITY	The ATR as a percentage value for FFARM.AS suggests some volalility.
Average Directional Index/ADX (14)	32.24	POSITIVE	The high ADX value value for FFARM.AS suggests a strong trend.