Sprouts Farmers Market (NASDAQ: SFM) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 160 – 164 |
| Target | 172 – 174 |
| StopLoss* | below 154 |
| Duration | 12-14 Trading Days |
| Potential Returns | 5% – 6% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 160 – 164 | 172 – 174 | below 154 | 12-14 Trading Days | 5% – 6% |
* Once the first target hit, reset the StopLoss at your buying price.
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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 | 162.52 |
| 52 Weeks Low | 49.805 |
Sprouts Farmers Market (NASDAQ: SFM) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
SFM — NASDAQ —
Sprouts Farmers Market (NASDAQ: SFM) - DAILY TECHNICAL ANALYSIS
- The stock price has experienced an impressive upward trend, consistently reaching higher highs and lows.
- During this rise, it entered a consolidation phase, resulting in the formation of an Ascending Triangle pattern.
- Following a breakout, the stock experienced a significant surge but then retraced and consolidated, leading to the development of a Rounding Bottom pattern.
- Now, after another breakout, the price has reached its all-time high and is poised to maintain this upward momentum.
Sprouts Farmers Market (NASDAQ: SFM) - RSI
- Current RSI of this stock is 80.93, which indicates the strength of buyers.
Sprouts Farmers Market (NASDAQ: SFM) - MACD
- MACD line has crossed the signal line from the below, generates bullish signal.
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.
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 172 – USD 174 in the next 12-14 trading sessions.
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