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(BF.B) Brown Forman complete technical analysis [charts+indicators] | Buy/Sell Brown Forman | (BF.B) share price targets

Complete technical analysis of Brown Forman (BF.B) by charts plus indicators, forecast predictions and share price targets for Brown Forman (BF.B)

Brown Forman trades in USA in N A sector.

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Brown Forman is 1694080

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	56.33	56.65	57.10	54.37	2.468 times
05 Tue Mar 2024	60.78	60.42	60.97	60.16	1.57 times
04 Mon Mar 2024	60.26	59.82	60.77	59.74	1.1 times
01 Fri Mar 2024	60.37	59.94	60.80	59.25	0.997 times
29 Thu Feb 2024	60.23	58.34	60.41	58.31	1.926 times
28 Wed Feb 2024	58.49	57.56	58.71	57.11	0.683 times
27 Tue Feb 2024	57.62	56.96	57.71	56.80	0.627 times
26 Mon Feb 2024	57.00	57.18	57.21	56.37	0.778 times
23 Fri Feb 2024	57.49	57.85	58.14	56.84	0.992 times
22 Thu Feb 2024	57.82	58.68	58.70	57.61	0.782 times

Stock of Brown Forman (BF.B) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.8, but if it comes above 56.8, then a intra day buy could be more profitable.
If you take a sell trade below 56.8, then use 56.8 as stoploss and 55.2 as target. However if you take a buy trade in stock , then use 56.8 as stoploss and 58.09 as target.

Share price targets for Brown Forman (BF.B)

Target Type	Value
Downside Target	53.26
Upside Target	57.66
Upside Target	58.39
Upside Target	59.09
Upside Target	60.00
Upside Target	60.41
Upside Target	60.80
Upside Target	60.97

Intraday share price targets for Brown Forman (BF.B)

Target Type	Value
Downside Intraday Target	53.48
Downside Intraday Target	50.62
Upside Intraday Target	60.08
Upside Intraday Target	63.82
Upside Intraday Target	57.22

Weekly technical analysis of Brown Forman (BF.B)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	56.33	59.82	60.97	54.37	1.025 times
01 Fri Mar 2024	60.37	57.18	60.80	56.37	1.672 times
23 Fri Feb 2024	57.49	57.82	59.09	56.84	1.029 times
16 Fri Feb 2024	57.87	56.66	58.39	56.22	0.665 times
09 Fri Feb 2024	56.57	56.64	57.46	55.55	0.816 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Brown Forman (BF.B)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	56.33	59.94	60.97	54.37	0.384 times
29 Thu Feb 2024	60.23	54.89	60.41	54.71	0.794 times
31 Wed Jan 2024	54.90	56.94	57.66	53.66	0.861 times
29 Fri Dec 2023	57.10	58.63	60.80	53.26	1.251 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Brown Forman (BF.B)

Price action analysis of Brown Forman ( (BF.B) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Brown Forman ( (BF.B) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Brown Forman ( (BF.B) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Brown Forman ( (BF.B) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Brown Forman stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Brown Forman in short term but the sell signal is initial and weak.

Brown Forman Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Brown Forman in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Brown Forman is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 58.68 and Brown Forman (BF.B) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Brown Forman (BF.B) stock. Volume based technical analysis of Brown Forman (BF.B) stock is negative.

Brown Forman Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.