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Takip Edin: @UscMarketsBF-B Stock Forecast & Brown-Forman Corporation Chart Analysis
This article provides a detailed analysis of BF-B-Brown-Forman Corporation stock including a forecast for BF-B shares. It features Brown-Forman Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
BF-B Historical Data Review
BF-B Current Price Performance Analysis
The Brown-Forman Corporation - BF-B stock traded on the American stock market, on 06-05-2024, closed at 43.04$ with a %-5.90 decreased compared to the previous day.
In the last month, the price of BF-B changed by %-8.27 decreased in value, from 46.92 dollars on 05-06-2024 to 43.04 dollars, decreased.
Last year, the price of BF-B was 62.5 dollars on 06-06-2023, and changed by %-31.14 decreased in value, to 43.04 dollars decreased within a year.
The price of Brown-Forman Corporation stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
BF-B with AI Stock Forecast & Price Target
On the BF-B chart Brown-Forman Corporation price was recorded as 43.04 Dollars on 06/05/2024.
The artificial intelligence's forecast on BF-B stock is as follows.
The artificial intelligence's prediction error margin for BF-B stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Brown-Forman Corporation stock over the next 4 months is: 34.9 Dollars.
The commentary on BF-B stock Target Price: Highest: 46.078 Dollars is predicted.
The commentary on BF-B stock Target Price: Lowest: 26.708 Dollars is predicted.
Resistance Price where Brown-Forman Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 09-23-2024 | 37.202 |
| 01-01-2025 | 33.827 |
Support Price where Brown-Forman Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 09-13-2024 | 37.056 |
| 12-17-2024 | 33.691 |
The commentary on BF-B stock: The target price can generally be said to be on the decline.
The commentary on BF-B stock: Fluctuations in the target price can be expected in the coming days.
The target price for Brown-Forman Corporation stock by the end of 2024 is predicted to be 33.8 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on BF-B stock, and the 2024 target price predictions for Brown-Forman Corporation are detailed above.
The technical analysis and charts for the commentary on BF-B stock are below.
BF-B Support & Resistance and Trend Analysis
BF-B stock you have reviewed the technical analysis support resistance charts regarding.
BF-B : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the BF-B review, the Brown-Forman Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Brown-Forman Corporation Support and Resistance Prices:
| BF-B Support Level Price | BF-B Resistance Level Price |
|---|---|
| 46.86 | 49.55 |
| 49.21 | 52.45 |
| 53.26 | 57.66 |
| 53.66 | 59.09 |
| 54.01 | 59.24 |
| 55.55 | 59.95 |
| 56.03 | 60.00 |
| 60.65 | |
| 60.80 | |
| 60.97 |
BF-B Technical Analysis: SMA, RSI, MACD
Upon reviewing the BF-B chart, buy and sell signals have been generated in the Brown-Forman Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for BF-B stock are as follows:- BF-B technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Brown-Forman Corporation gave a 'Buy' signal when the RSI was at 25.818, with the current RSI value at 28.879.
- The technical analysis for Brown-Forman Corporation indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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