Coffee Holding Co. Stock Forecast
High volatility in Coffee Holding Co. stock price on Friday which ended trading at $1.71
(Updated on Apr 19, 2024)
The Coffee Holding Co. stock price fell by -5.52% on the last day (Friday, 19th Apr 2024) from $1.81 to $1.71. During the last trading day the stock fluctuated 10.51% from a day low at $1.67 to a day high of $1.84. The price has risen in 5 of the last 10 days and is up by 14% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -63 thousand shares and in total, 73 thousand shares were bought and sold for approximately $124.06 thousand.
The stock lies in the middle of a very 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 48.93% during the next 3 months and, with a 90% probability hold a price between $2.16 and $2.71 at the end of this 3-month period.
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JVA Signals & Forecast
The Coffee Holding 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 $1.65 and $1.45. A breakdown below any of these levels will issue sell signals. 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 -5.52%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Coffee Holding Co. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.61 and $1.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Coffee Holding Co. finds support just below today's level at $1.61. If this is broken, then the next support from accumulated volume will be at $1.55 and $1.54.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.175 between high and low, or 10.51%. For the last week the stock has had daily average volatility of 11.50%.
Our recommended stop-loss: $1.61 (-5.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (JVA) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Coffee Holding Co. to open at $1.74, and during the day (based on 14 day Average True Range), to move between $1.58 and $1.84, which gives a possible trading interval of +/-$0.129 (+/-7.52%) up or down from last closing price. If Coffee Holding Co. takes out the full calculated possible swing range there will be an estimated 15.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.79 (4.68%) than the support at $1.61 (5.85%), 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: 2.290 Buy Candidate Unchanged
Predicted Opening Price for Coffee Holding Co. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $1.74 ( 1.66%) | $1.71 |
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 | 1.91 | 11.89 % | |
| R2 | 1.85 | 7.98 % | ||
| R1 | 1.81 | 5.57 % | ||
| Current price: | 1.71 | |||
| Support | S1 | 1.67 | -2.25 % | |
| S2 | 1.63 | -4.67 % | ||
| S3 | 1.56 | -8.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1.81 | 5.85 % | ||
| R1 | 1.79 | 4.68 % | ||
| Current price | 1.71 | |||
| Support | S1 | 1.61 | -5.85% | |
| S2 | 1.55 | -9.36% | ||
| S3 | 1.54 | -9.94% |
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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