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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 2024-05-31 View latest technical analysis

10 day averaged volume of Brown Forman is 1800429

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri May 2024	45.86	44.25	45.94	43.55	5.131 times
30 Thu May 2024	44.27	44.18	44.66	44.02	1.557 times
29 Wed May 2024	44.22	44.34	44.80	44.20	1.097 times
28 Tue May 2024	44.88	45.63	45.63	44.62	1.502 times
24 Fri May 2024	45.76	46.49	46.56	45.67	0.783 times
23 Thu May 2024	46.32	46.78	46.78	46.04	0.976 times
22 Wed May 2024	47.06	47.09	47.54	46.61	0.825 times
21 Tue May 2024	47.31	47.13	47.43	46.85	0.876 times
20 Mon May 2024	47.22	48.24	48.27	47.03	0.806 times
17 Fri May 2024	48.47	48.76	48.76	48.05	0.663 times

Stock of Brown Forman (BF.B) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 45.7 as stoploss in an intra day buy trade for a target of 47.14. However, stock will show a bearish move below 45.7.

Share price targets for Brown Forman (BF.B)

Target Type	Value
Downside Target	43.55
Downside Target	45.67
Upside Target	46.86
Upside Target	49.55
Upside Target	50.50
Upside Target	52.24
Upside Target	53.66
Upside Target	54.71
Upside Target	57.66
Upside Target	60.41
Upside Target	60.97

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

Target Type	Value
Downside Intraday Target	44.29
Downside Intraday Target	42.73
Upside Intraday Target	46.68
Upside Intraday Target	47.51
Downside Intraday Target	45.12

Weekly technical analysis of Brown Forman (BF.B)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri May 2024	45.86	45.63	45.94	43.55	2.177 times
24 Fri May 2024	45.76	48.24	48.27	45.67	0.843 times
17 Fri May 2024	48.47	49.12	49.55	47.41	1.293 times
10 Fri May 2024	49.12	48.25	49.18	46.86	0.832 times
03 Fri May 2024	47.92	48.13	48.86	47.06	1.139 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Brown Forman (BF.B)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Fri May 2024	45.86	47.50	49.55	43.55	1.086 times
30 Tue Apr 2024	47.85	51.31	52.24	47.65	0.991 times
28 Thu Mar 2024	51.62	59.94	60.97	50.50	1.534 times
29 Thu Feb 2024	60.23	54.89	60.41	54.71	0.794 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Brown Forman ( (BF.B) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Brown Forman ( (BF.B) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Brown Forman Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Brown Forman in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 45.84 and Brown Forman (BF.B) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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