FARMMI INC. - Daily - Technical analysis published on 03/05/2024 (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%
56%
17%
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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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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. The price has increased by +3.81% since the last closing and was traded between 1.02 USD and 1.10 USD over the period. The price is currently at +6.86% from its lowest and -0.91% from its highest.1.02
1.10
1.09
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (5 years)
Type : Bearish
Timeframe : Weekly
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on FARMMI INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in Daily of this FARMMI INC. chart shows a sharp bearish trend. 85.71% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 3 are neutral and 10 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.03 | 1.09 | 1.51 | 3.28 | 3.58 |
| Change (%) | -5.50% | - | +38.53% | +200.92% | +228.44% |
| Change | -0.06 | - | +0.42 | +2.19 | +2.49 |
| Level | Major | - | Intermediate | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.93 | 0.98 | 1.01 | 1.06 | 1.09 | 1.14 | 1.17 |
| Camarilla | 1.03 | 1.04 | 1.04 | 1.05 | 1.06 | 1.07 | 1.07 |
| Woodie | 0.93 | 0.98 | 1.01 | 1.06 | 1.09 | 1.14 | 1.17 |
| Fibonacci | 0.98 | 1.01 | 1.03 | 1.06 | 1.09 | 1.11 | 1.14 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.30 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 20.65 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1.09 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.72 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 1.38 | |
| Zig ZAG (10): | 1.02 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 1.53 | |
| TEMA (21): | 1.07 | |
| Williams %R (14): | -100.00 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | -10.7100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 19.75 |
| MA7: | 1.08 | |
| MA20: | 1.15 | |
| MA50: | 1.15 | |
| MA100: | 1.21 | |
| MAexp7: | 1.08 | |
| MAexp20: | 1.12 | |
| MAexp50: | 1.17 | |
| MAexp100: | 1.39 | |
| Price / MA7: | +0.93% | |
| Price / MA20: | -5.22% | |
| Price / MA50: | -5.22% | |
| Price / MA100: | -9.92% | |
| Price / MAexp7: | +0.93% | |
| Price / MAexp20: | -2.68% | |
| Price / MAexp50: | -6.84% | |
| Price / MAexp100: | -21.58% |
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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