The Hourly View for BF.B
Currently, BF.B (Get Ratings)’s price is up $0.22 (0.32%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
BF.B’s Technical Outlook on the Daily Chart
Currently, BF.B’s price is down $-0.31 (-0.45%) from the day prior. The daily chart shows that BF.B has seen 2 straight down days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. Of note is that the 200 day changed directions on BF.B; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Brown Forman Corp’s price action over the past 90 days can be seen via the chart below.
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The post Brown Forman Corp (BF.B): Price Down $-0.31 (-0.45)% Over Past Day, Up $0.22 (0.32)% Over Past Hour appeared first on ETF Daily News.
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