BARISTAS COFFEE CO Stock Forecast

BARISTAS COFFEE CO stock downgraded from Strong Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 23, 2024)

BCCI Signals & Forecast

The BARISTAS COFFEE CO stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0035 and $0.0033. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Wednesday, February 14, 2024 with a target of $0.0022. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

Support, Risk & Stop-loss for BARISTAS COFFEE CO stock

BARISTAS COFFEE CO finds support from accumulated volume at $0.0034 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.00%

Our recommended stop-loss: $0.0033 (-6.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (BCCI) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect BARISTAS COFFEE CO to open at $0.0035, and during the day (based on 14 day Average True Range), to move between $0.0031 and $0.0039, which gives a possible trading interval of +/-$0.0004 (+/-12.79%) up or down from last closing price. If BARISTAS COFFEE CO takes out the full calculated possible swing range there will be an estimated 25.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0036 (2.86%) than the support at $0.0034 (2.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is BARISTAS COFFEE CO stock A Buy?

BARISTAS COFFEE CO holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for BARISTAS COFFEE CO of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.