FARMMI INC. - Daily - Technical analysis published on 03/02/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
28%
44%
28%
My opinion
Bearish under 1.48 USD
My targets
1.03 USD (-5.50%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FARMMI INC. as long as the price remains well below 1.48 USD. The next bearish objective for sellers is set at 1.03 USD. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.4
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This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FARMMI INC. rating is 1.09 USD. On the day, this instrument gained +2.83% and was between 1.06 USD and 1.15 USD. This implies that the price is at +2.83% from its lowest and at -5.22% from its highest.1.06
1.15
1.09
A study of price movements over other periods shows the following variations:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of FARMMI INC. in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.03 | 1.09 | 1.51 | 3.19 | 3.65 |
| Change (%) | -5.50% | - | +38.53% | +192.66% | +234.86% |
| Change | -0.06 | - | +0.42 | +2.10 | +2.56 |
| Level | Major | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.96 | 1.01 | 1.05 | 1.10 | 1.14 | 1.19 | 1.23 |
| Camarilla | 1.07 | 1.07 | 1.08 | 1.09 | 1.10 | 1.11 | 1.12 |
| Woodie | 0.96 | 1.01 | 1.05 | 1.10 | 1.14 | 1.19 | 1.23 |
| Fibonacci | 1.01 | 1.04 | 1.07 | 1.10 | 1.13 | 1.16 | 1.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.92 | 0.99 | 1.04 | 1.11 | 1.16 | 1.23 | 1.28 |
| Camarilla | 1.06 | 1.07 | 1.08 | 1.09 | 1.10 | 1.11 | 1.12 |
| Woodie | 0.91 | 0.99 | 1.03 | 1.11 | 1.15 | 1.23 | 1.27 |
| Fibonacci | 0.99 | 1.04 | 1.06 | 1.11 | 1.16 | 1.18 | 1.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.73 | 0.15 | 0.60 | 1.48 | 1.93 | 2.81 | 3.26 |
| Camarilla | 0.69 | 0.82 | 0.94 | 1.06 | 1.18 | 1.30 | 1.43 |
| Woodie | -0.94 | 0.04 | 0.40 | 1.37 | 1.73 | 2.70 | 3.06 |
| Fibonacci | 0.15 | 0.66 | 0.97 | 1.48 | 1.99 | 2.30 | 2.81 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.80 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 24.71 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 1.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.86 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 1.47 | |
| Zig ZAG (10): | 1.10 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 2.81 | |
| TEMA (21): | 1.11 | |
| Williams %R (14): | -97.67 | |
| Chande Momentum Oscillator (20): | -0.33 | |
| Repulse (5,40,3): | -8.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 4.87 |
| MA7: | 1.09 | |
| MA20: | 1.15 | |
| MA50: | 1.15 | |
| MA100: | 1.22 | |
| MAexp7: | 1.11 | |
| MAexp20: | 1.14 | |
| MAexp50: | 1.18 | |
| MAexp100: | 1.40 | |
| Price / MA7: | -0% | |
| Price / MA20: | -5.22% | |
| Price / MA50: | -5.22% | |
| Price / MA100: | -10.66% | |
| Price / MAexp7: | -1.80% | |
| Price / MAexp20: | -4.39% | |
| Price / MAexp50: | -7.63% | |
| Price / MAexp100: | -22.14% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on FARMMI INC.. At the time of publication of this analysis, the latest news was as follows:
- Aegis Capital Corp. acted as Sole Bookrunner on a $81 Million Underwritten Public Offering of Ordinary Shares and Pre-Funded Warrants to Purchase Ordinary Shares for Farmmi, Inc. (NASDAQ: FAMI)
- Aegis Capital Corp. acted as Sole Bookrunner on a $48.3 Million Upsized Underwritten Public Offering of Ordinary Shares Including Exercise of the Over-Allotment Option for Farmmi, Inc. (NASDAQ:FAMI)
- Aegis Capital Corp. Acted as Sole Bookrunner on a $7.5 Million Follow-On Offering for Farmmi, Inc. (NASDAQ:FAMI)
This member declared not having a position on this financial instrument or a related financial instrument.
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