BF.B Price Prediction Next Week
Technical Analysis: Based on the technical indicators, BF.B is showing bearish signals with RSI at 27.81, indicating oversold conditions. The MACD at -2.07 suggests a strong downward momentum. The stock is trading below its 20-day SMA of $33.09, confirming the bearish trend.
News Impact Analysis: Recent significant developments affecting BF.B:
- Tariff Impact:
- New 25% tariffs imposed on imports from Mexico and Canada
- Canada's retaliatory measures include removing American alcohol from shelves
- Brown-Forman faces exposure through its tequila portfolio
- Additional risk from Canada's 25% tariff on American whiskies
- Market Position:
- Stock recently hit a 10-year low
- Company facing challenges in post-Covid environment
- 5% YoY decline in net sales for first half of FY 2025
- 3% sales decline in US market
- 17% YoY decline in tequila portfolio in Q2 2025
Price Prediction for Next Week: Based on Fibonacci levels:
- Resistance levels: R1: $34.22, R2: $35.22, R3: $36.84
- Support levels: S1: $30.98, S2: $29.98, S3: $28.36
- Pivot: $32.60
Forecast: Given the technical indicators and negative news sentiment, BF.B is likely to continue its downward trend next week. Target price range: $29.98 - $30.98.
Recommendation: SELL Rationale:
- Oversold conditions might provide temporary bounces but underlying fundamentals remain weak
- Multiple headwinds from tariffs affecting both whiskey and tequila segments
- Technical indicators showing strong bearish momentum
- Price likely to test support level at $29.98
Target entry for short positions: Current market price Stop loss: $34.22 (R1 level) Take profit: $29.98 (S2 level)
BF.B Similar Chart Price Prediction
The price of BF.B is predicted to go up -14.14%, based on the high correlation periods with SPCE. The similarity of these two price pattern on the periods is 98.65%.
BF.B
SPCE
Down: -14.14%Similarity: 98.65%
