Coffee Holding Co. Stock Forecast
Coffee Holding Co. stock price down 0.599% on Friday
(Updated on Apr 26, 2024)
The Coffee Holding Co. stock price fell by -0.599% on the last day (Friday, 26th Apr 2024) from $1.67 to $1.66. During the last trading day the stock fluctuated 7.49% from a day low at $1.60 to a day high of $1.72. The price has been going up and down for this period, and there has been a 7.1% gain for the last 2 weeks. Volume has increased on the last day by 30 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 52 thousand shares were bought and sold for approximately $87.12 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 50.41% during the next 3 months and, with a 90% probability hold a price between $2.26 and $2.81 at the end of this 3-month period.
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JVA Signals & Forecast
The Coffee Holding Co. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.70. On a fall, the stock will find some support from the long-term average at approximately $1.50. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -8.29%. Further fall is indicated until a new bottom pivot has been found. Coffee Holding Co. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Coffee Holding Co. stock
Coffee Holding Co. finds support from accumulated volume at $1.61 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.120 between high and low, or 7.49%. For the last week, the stock has had daily average volatility of 6.87%.
Our recommended stop-loss: $1.58 (-4.84%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (JVA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Coffee Holding Co. to open at $1.66, and during the day (based on 14 day Average True Range), to move between $1.54 and $1.78, which gives a possible trading interval of +/-$0.125 (+/-7.53%) up or down from last closing price. If Coffee Holding Co. takes out the full calculated possible swing range there will be an estimated 15.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.69 (1.81%) than the support at $1.61 (3.01%), 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 Coffee Holding Co. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Coffee Holding Co. stock to perform well in the short-term.
Current score: 2.666 Buy Candidate Unchanged
Predicted Opening Price for Coffee Holding Co. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $1.66 ( 0.0020%) | $1.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JVA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.78 | 7.22 % | |
| R2 | 1.73 | 4.47 % | ||
| R1 | 1.71 | 2.76 % | ||
| Current price: | 1.66 | |||
| Support | S1 | 1.61 | -2.76 % | |
| S2 | 1.59 | -4.46 % | ||
| S3 | 1.54 | -7.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.81 | 9.04 % | |
| R2 | 1.79 | 7.83 % | ||
| R1 | 1.69 | 1.81 % | ||
| Current price | 1.66 | |||
| Support | S1 | 1.61 | -3.01% | |
| S2 | 1.55 | -6.63% | ||
| S3 | 1.54 | -7.23% |
JVA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 31, 2022 | Feb 09, 2022 | Feb 21, 2022 | $0.0700 | 1.70% |
| 2 | Dec 05, 2012 | Dec 13, 2012 | Dec 28, 2012 | $0.0600 | 0.85% |
| 3 | Oct 11, 2012 | Oct 12, 2012 | Oct 29, 2012 | $0.0300 | 0.450% |
| 4 | Jun 13, 2012 | Jul 12, 2012 | Jul 30, 2012 | $0.0300 | 0.522% |
| 5 | Mar 08, 2012 | Apr 13, 2012 | Apr 30, 2012 | $0.0300 | 0.317% |
FAQ
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