Is A Bounce Coming? Farmmi Inc (NASDAQ:FAMI)

Farmmi Inc (NASDAQ:FAMI) is moving lower after opening with a slight gain.

Market Action

As of 10:57, FAMI stock went lower 4% to $0.43. The stock has traded 16.53 million shares, compared to its average volume of 24.72 million shares. After opening at $0.46, the stock has moved within a wide range of $0.4300 – 0.4640.

FAMI Releases News Today

Farmmi Continues Sales Push at Asia’s Largest Food Innovation Exhibition

  • fami announced the Company showcased its expanded product line and global brand at Asia’s largest food innovation exhibition, the 2021 China International Food and Beverage Exhibition (the “2021 SIAL China”) in Shanghai from May 18-22, 2021.
  • Founded in 2000, SIAL China ( is co-hosted annually by the China Commerce Development Centre and the Comexposium Group. The 2021 SIAL China was held at the Shanghai New International Expo Center.

Ms. Yefang Zhang, Chairman and CEO of the company, said, “This was another highly successful event for Farmmi, which took on added significance as we were able to meet face-to-face with many valued partners and potential new partners. We continue to build sales momentum for our high-quality agriculture products, while also benefitting from very positive buzz following the recent announcement on our strategy to grow into a more comprehensive service provider.

Trader Notes

Share Information

SHARE FLOAT (%)177.28 M (93.52%)

Recent Stock Performance

5-DAY PERF.+11.83%
1-MONTH PERF.-55.38%
3-MONTH PERF.-71.19%
6-MONTH PERF.-53.72%
YTD PERF.-63.75%
1-YEAR PERF.-11.59%

Moving Averages

+/- EMA(20)0.52 (-15.38%)
+/- SMA(50)0.85 (-48.24%)
+/- SMA(200)1.01 (-56.44%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI20-11.0244NeutralChaikin Money Flow0.2266Buy
MACD-0.1541SellMoney Flow Index60.2843Buy
STOCH (14,3)62.3636BuySTOCH RSI0.9964OverBought
UO53.1267BuyWilliams %R-37.6364Neutral

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