NASDAQ trade advice (C): US consumer staples stock | 5-7% gain | USA stock trading picks on 27 Nov 2024

Date
November 27, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

US Stocks Trading Signals

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Sprouts Farmers Market
  • 148 – 152
  • 160 – 162
  • Below 144
  • 5% – 7%
  • 14 - 15 Days
  • Buy
    Sprouts Farmers Market
  • Buy
    Range
    148 – 152
  • Target
    160 – 162
  • Stoploss
    Below 144
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Sprouts Farmers Market (NASDAQ: SFM) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • SFM
  • Sprouts Farmers Market
  • Consumer Staples
  • 149.89
  • 41.27
  • NASDAQ code SFM
  • Stock Name Sprouts Farmers Market
  • Sector Consumer Staples
  • 52 Weeks High 149.89
  • 52 Weeks Low 41.27
  • Sprouts Farmers Market (NASDAQ: SFM) vs NASDAQ - Relative Strength Comparison

    The image compares Sprouts Farmers Market's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    SFM —   NASDAQ —

  • Sprouts Farmers Market (NASDAQ: SFM) - Technical Analysis (Daily)

    Sprouts Farmers Market - Technical Analysis chart on Daily Price and Volume
    Sprouts Farmers Market - Technical Analysis chart on Daily Price and Volume

    • 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.
    • After breaking out, the stock is now trading at an all-time high and is anticipated to maintain its upward momentum.
  • Sprouts Farmers Market (NASDAQ: SFM) - RSI Indicator

    Sprouts Farmers Market stock analysis based on RSI indicator
    Sprouts Farmers Market - RSI indicator

    • Current RSI of this stock is 76.10, which indicates the strength of buyers.

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

    Sprouts Farmers Market stock analysis based on ADX & DI indicator
    Sprouts Farmers Market - ADX & DI indicator

    • 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 Crossover

    Sprouts Farmers Market stock analysis based on EMA Crossover
    Sprouts Farmers Market - EMA Crossover

    • The short length exponential moving average (10 EMA) has 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 US trading advice, Sprouts Farmers Market stock price target will be USD 160 - USD 162 in the next 14-15 trading sessions.

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    Stoploss reached. Trade closed.

    6 days
    16 Dec 2024
    27 Nov 2024
    Loss per
    100,000 SAR
    6 days
    -2,703
    Stop-loss
    16 Dec 2024
    144
    Buy Advice
    27 Nov 2024
    148 – 152
    Target 1
    160
    Target 2
    162
    Profit per
    100,000 SAR
    -2,703
    144
    148 – 152
    160
    162
    6 days
    16 Dec 2024
    27 Nov 2024
    Loss per
    100,000 SAR
    6 days
    -2,703
    Stop-loss
    16 Dec 2024
    144
    Buy Advice
    27 Nov 2024
    148 – 152
    Target 1
    160
    Target 2
    162
    Profit per
    100,000 SAR
    -2,703
    144
    148 – 152
    160
    162
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Sprouts Farmers Market
  • 148 – 152
  • 160 – 162
  • Below 144
  • 5% – 7%
  • 14 - 15 Days
  • Buy Sprouts Farmers Market
  • Buy
    Range
    148 – 152
  • Target 160 – 162
  • Stoploss Below 144
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    14 - 15 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Sprouts Farmers Market
  • 148 – 152
  • 160 – 162
  • Below 144
  • 5% – 7%
  • 14 - 15 Days
  • Buy
    Sprouts Farmers Market
  • Buy
    Range
    148 – 152
  • Target
    160 – 162
  • Stoploss
    Below 144
  • Upside
    Potential
    5% – 7%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Sprouts Farmers Market (NASDAQ: SFM) - Stock Overview

  • NASDAQ code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • SFM
  • Sprouts Farmers Market
  • Consumer Staples
  • 149.89
  • 41.27
  • NASDAQ code SFM
  • Stock Name Sprouts Farmers Market
  • Sector Consumer Staples
  • 52 Weeks High 149.89
  • 52 Weeks Low 41.27
  • Company profile

    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.

  • Sprouts Farmers Market (NASDAQ: SFM) vs NASDAQ - Relative Strength Comparison

    The image compares Sprouts Farmers Market's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    SFM —   NASDAQ —

  • Sprouts Farmers Market (NASDAQ: SFM) - Technical Analysis (Daily)

    Sprouts Farmers Market - Technical Analysis chart on Daily Price and Volume
    Sprouts Farmers Market - Technical Analysis chart on Daily Price and Volume

    • 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.
    • After breaking out, the stock is now trading at an all-time high and is anticipated to maintain its upward momentum.
  • Sprouts Farmers Market (NASDAQ: SFM) - RSI Indicator

    Sprouts Farmers Market stock analysis based on RSI indicator
    Sprouts Farmers Market - RSI indicator

    • Current RSI of this stock is 76.10, which indicates the strength of buyers.

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

    Sprouts Farmers Market stock analysis based on ADX & DI indicator
    Sprouts Farmers Market - ADX & DI indicator

    • 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 Crossover

    Sprouts Farmers Market stock analysis based on EMA Crossover
    Sprouts Farmers Market - EMA Crossover

    • The short length exponential moving average (10 EMA) has 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 US trading advice, Sprouts Farmers Market stock price target will be USD 160 - USD 162 in the next 14-15 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website