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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 2024-02-02 View latest technical analysis

10 day averaged volume of Brown Forman is 1815180

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	56.80	56.65	57.10	56.05	0.588 times
01 Thu Feb 2024	57.03	54.89	57.18	54.71	0.983 times
31 Wed Jan 2024	54.90	56.12	56.27	54.50	1.69 times
30 Tue Jan 2024	56.11	56.08	56.63	55.77	0.941 times
29 Mon Jan 2024	56.48	56.00	56.69	54.91	0.808 times
26 Fri Jan 2024	56.69	57.55	57.64	56.57	1.145 times
25 Thu Jan 2024	55.71	54.93	55.71	54.59	1.016 times
24 Wed Jan 2024	54.56	55.22	55.42	54.53	1.275 times
23 Tue Jan 2024	55.04	54.25	55.25	54.11	0.704 times
22 Mon Jan 2024	53.99	54.54	54.81	53.81	0.67 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 56.3, but if it comes below 56.3, then a intra day sell could be more profitable.
If you take a sell trade below 56.3, then use 56.3 as stoploss and 55.45 as target. However if you take a buy trade in stock , then use 56.3 as stoploss and 57.4 as target.

Share price targets for Brown Forman (BF.B)

Target Type	Value
Downside Target	52.59
Downside Target	56.22
Upside Target	57.18
Upside Target	57.64
Upside Target	57.66
Upside Target	58.33
Upside Target	60.00
Upside Target	60.80

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

Target Type	Value
Downside Intraday Target	55.14
Downside Intraday Target	53.48
Upside Intraday Target	57.82
Upside Intraday Target	58.84
Downside Intraday Target	56.16

Weekly technical analysis of Brown Forman (BF.B)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri Feb 2024	56.80	56.00	57.18	54.50	1.041 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 up 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
02 Fri Feb 2024	56.80	54.89	57.18	54.71	0.084 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
30 Thu Nov 2023	58.74	56.22	60.00	55.60	0.869 times

Scroll below to view daily charts

Price has moved up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Brown Forman ( (BF.B) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 buy signal for Brown Forman in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 55.67 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.