BARISTAS COFFEE CO Stock Forecast
BARISTAS COFFEE CO stock price ended at $0.0030 on Wednesday, after losing 0%.
(Updated on May 01, 2024)
No changes to the price of BARISTAS COFFEE CO stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0030 to a day high of $0.0030. The price has been going up and down for this period, and there has been a -16.67% loss for the last 2 weeks.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0026 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 55.39% during the next 3 months and, with a 90% probability hold a price between $0.0040 and $0.0084 at the end of this 3-month period.
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BCCI Signals & Forecast
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. The BARISTAS COFFEE CO stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0032 and $0.0034. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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.
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
On the downside, the stock finds support just below today's level from accumulated volume at $0.0028 and $0.0025. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0025 may give a huge drop in the stock price.
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 22.67%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BCCI) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect BARISTAS COFFEE CO to open at $0.0030, and during the day (based on 14 day Average True Range), to move between $0.0025 and $0.0035, which gives a possible trading interval of +/-$0.0005 (+/-15.81%) up or down from last closing price. If BARISTAS COFFEE CO takes out the full calculated possible swing range there will be an estimated 31.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0028 (6.67%) than the resistance at $0.0033 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BARISTAS COFFEE CO stock A Buy?
The BARISTAS COFFEE CO stock holds several negative signals and despite the positive trend, we believe BARISTAS COFFEE CO will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.016 Sell Candidate Unchanged
Predicted Opening Price for BARISTAS COFFEE CO of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.0030 ( 0.00000000%) | $0.0030 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCCI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0030 | 0.00000000 % | |
| R2 | 0.0030 | 0.00000000 % | ||
| R1 | 0.0030 | 0.00000000 % | ||
| Current price: | 0.0030 | |||
| Support | S1 | 0.0030 | 0.00000000 % | |
| S2 | 0.0030 | 0.00000000 % | ||
| S3 | 0.0030 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0035 | 16.67 % | |
| R2 | 0.0034 | 13.33 % | ||
| R1 | 0.0033 | 10.00 % | ||
| Current price | 0.0030 | |||
| Support | S1 | 0.0028 | -6.67% | |
| S2 | 0.0025 | -16.67% | ||
| S3 | 0 | . |
FAQ
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