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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 2024-01-29 View latest technical analysis

10 day averaged volume of Brown Forman is 1575070

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	56.48	56.00	56.69	54.91	0.932 times
26 Fri Jan 2024	56.69	57.55	57.64	56.57	1.319 times
25 Thu Jan 2024	55.71	54.93	55.71	54.59	1.171 times
24 Wed Jan 2024	54.56	55.22	55.42	54.53	1.47 times
23 Tue Jan 2024	55.04	54.25	55.25	54.11	0.811 times
22 Mon Jan 2024	53.99	54.54	54.81	53.81	0.772 times
19 Fri Jan 2024	54.60	54.62	54.92	53.81	0.884 times
18 Thu Jan 2024	54.54	53.93	54.60	53.68	0.817 times
17 Wed Jan 2024	54.03	54.15	54.39	53.66	0.972 times
16 Tue Jan 2024	54.56	55.48	55.55	54.11	0.96 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.2, but if it comes below 56.2, then a intra day sell could be more profitable.
If you take a sell trade below 56.2, then use 56.2 as stoploss and 55.38 as target. However if you take a buy trade in stock , then use 56.2 as stoploss and 57.1 as target.

Share price targets for Brown Forman (BF.B)

Target Type	Value
Downside Target	52.59
Downside Target	56.22
Downside Target	56.23
Upside Target	56.69
Upside Target	57.64
Upside Target	57.66
Upside Target	58.33
Upside Target	60.00
Upside Target	60.80
Upside Target	66.96

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

Target Type	Value
Downside Intraday Target	55.36
Downside Intraday Target	54.25
Upside Intraday Target	57.14
Upside Intraday Target	57.81
Downside Intraday Target	56.03

Weekly technical analysis of Brown Forman (BF.B)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jan 2024	56.48	56.00	56.69	54.91	0.168 times
26 Fri Jan 2024	56.69	54.54	57.64	53.81	1.526 times
19 Fri Jan 2024	54.60	55.48	55.55	53.66	4.415 times
12 Fri Jan 2024	55.78	55.81	56.22	55.41	0.191 times
12 Fri Jan 2024	55.78	55.38	56.22	54.34	1.266 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
29 Mon Jan 2024	56.48	56.94	57.66	53.66	0.741 times
29 Fri Dec 2023	57.10	58.63	60.80	53.26	1.251 times
30 Thu Nov 2023	58.74	56.22	60.00	55.60	0.869 times
31 Tue Oct 2023	56.16	57.50	58.33	52.59	0.984 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 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 mid to longer 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.

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

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Brown Forman in short term but SELL 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.09 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 rising upwards.

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 is giving positive 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.