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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 2024-02-16 View latest technical analysis

10 day averaged volume of Brown Forman is 1224640

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	57.87	57.86	58.39	57.59	0.964 times
15 Thu Feb 2024	58.01	57.76	58.28	57.43	0.63 times
14 Wed Feb 2024	57.35	56.69	57.39	56.39	0.704 times
13 Tue Feb 2024	56.69	57.00	57.43	56.22	0.973 times
12 Mon Feb 2024	57.78	56.66	57.97	56.65	0.759 times
09 Fri Feb 2024	56.57	56.85	56.90	56.32	0.711 times
08 Thu Feb 2024	56.93	57.05	57.46	56.60	0.908 times
07 Wed Feb 2024	57.13	57.13	57.25	56.50	0.985 times
06 Tue Feb 2024	56.91	56.35	57.08	56.19	1.097 times
05 Mon Feb 2024	56.43	56.64	56.64	55.55	2.363 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 57.5, but if it comes below 57.5, then a intra day sell could be more profitable.
If you take a sell trade below 57.5, then use 57.5 as stoploss and 56.45 as target. However if you take a buy trade in stock , then use 57.5 as stoploss and 58.8 as target.

Share price targets for Brown Forman (BF.B)

Target Type	Value
Downside Target	52.59
Downside Target	57.18
Downside Target	57.46
Downside Target	57.64
Downside Target	57.66
Upside Target	58.33
Upside Target	58.39
Upside Target	60.00
Upside Target	60.80

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

Target Type	Value
Downside Intraday Target	56.6
Downside Intraday Target	55.32
Upside Intraday Target	58.77
Upside Intraday Target	59.66
Downside Intraday Target	57.49

Weekly technical analysis of Brown Forman (BF.B)

Date	Weekly Closing Price	Open	High	Low	Volume
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
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

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
16 Fri Feb 2024	57.87	54.89	58.39	54.71	0.446 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 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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a BUY signal for Brown Forman in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 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 57.03 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 positive

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