Buy Sprouts Farmers Market | NASDAQ SFM | Naranj Capital

 BUY   Sprouts Farmers Market (NASDAQ: SFM)

Sprouts Farmers Market (NASDAQ: SFM) STOCK RECOMMENDATION

Idea BUY
Buy Range 78.5 – 80
Target 84 – 85
StopLoss* below 75.8
Duration 12-14 Trading Days
Potential Returns 5% – 6%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 78.5 – 80 84 – 85 below 75.8 12-14 Trading Days 5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Sprouts Farmers Market (NASDAQ: SFM) STOCK OVERVIEW

Sprouts Farmers Market, Inc. is a company that focuses on providing fresh, natural, and organic food products to customers across the United States. Under the Sprouts brand, they offer a wide range of perishable products like fresh produce, meat and meat alternatives, seafood, deli items, bakery goods, floral arrangements, as well as dairy and dairy alternatives. Additionally, they also provide non-perishable products including grocery items, vitamins and supplements, bulk items, frozen foods, beer and wine, and natural health and body care products. Established in 1943, Sprouts Farmers Market, Inc. is headquartered in Phoenix, Arizona.

Stock Data
NASDAQ Symbol SFM
Sectoral Index Consumer Staples
52 Weeks High 82.96
52 Weeks Low 33.13

Sprouts Farmers Market (NASDAQ: SFM) - RELATIVE STRENGTH

SFM-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Sprouts Farmers Market —     NASDAQ —

Sprouts Farmers Market (NASDAQ: SFM) - DAILY TECHNICAL ANALYSIS

SFM-DAILY TECHNICAL ANALYSIS
Sprouts Farmers Market (NASDAQ: SFM) - Technical Analysis (Daily)
  • The price is on a solid upward trend, consistently creating higher highs and lows.
  • Previously, a Cup & Handle pattern emerged on the chart, indicating a continuation of the trend.
  • Following the breakout, the price consolidated above the breakout level before experiencing a significant upward surge.
  • Now, with a recent breakout, the price is hovering near its all-time high and is anticipated to climb even further.

Sprouts Farmers Market (NASDAQ: SFM) - RSI

Sprouts Farmers Market (NASDAQ: SFM) - RSI
  • Current RSI of this stock is 66.58, which indicates the strength of buyers.

Sprouts Farmers Market (NASDAQ: SFM) - ADX & DI

SFM-ADX & DI
Sprouts Farmers Market (NASDAQ: SFM) - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Sprouts Farmers Market (NASDAQ: SFM) - EMA Cross

SFM-EMA CROSS
Sprouts Farmers Market (NASDAQ: SFM) - EMA Cross
  • The short length exponential moving average (10 EMA) has just crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

CONCLUSION - Sprouts Farmers Market (NASDAQ: SFM) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Sprouts Farmers Market stock price target will be USD 84 – USD 85 in the next 12-14 trading sessions.

Sprouts Farmers Market (NASDAQ: SFM) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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