RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of COCO
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The Vita Coco Company, Inc. stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The The Vita Coco Company, Inc. stock price fell by -0.294% on the last day (Wednesday, 27th Mar 2024) from $23.83 to $23.76. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.54% from a day low at $23.65 to a day high of $24.25. The price has fallen in 8 of the last 10 days and is down by -7.01% for this period. 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 -246 thousand shares and in total, 325 thousand shares were bought and sold for approximately $7.71 million.

The stock lies in the middle of a very wide and weak 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 4.05% during the next 3 months and, with a 90% probability hold a price between $20.97 and $27.54 at the end of this 3-month period.

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COCO Signals & Forecast

The The Vita Coco Company, Inc. 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 $24.45. On a fall, the stock will find some support from the long-term average at approximately $23.54. 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. 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 Monday, March 04, 2024, and so far it has fallen -9.24%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for The Vita Coco Company, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $21.00 and $20.97. 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, The Vita Coco Company, Inc. finds support just below today's level at $21.00. If this is broken, then the next support from accumulated volume will be at $20.97 and $20.88.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.600 (2.54%) between high and low. For the last week, the stock has had daily average volatility of 2.55%.

Our recommended stop-loss: $22.60 (-4.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (COCO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect The Vita Coco Company, Inc. to open at $23.89, and during the day (based on 14 day Average True Range), to move between $23.01 and $24.51, which gives a possible trading interval of +/-$0.751 (+/-3.16%) up or down from last closing price. If The Vita Coco Company, Inc. takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $24.82 (4.46%) than the support at $21.00 (11.62%), 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 The Vita Coco Company, Inc. stock A Buy?

The Vita Coco Company, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.530 Hold/Accumulate Upgraded

Predicted Opening Price for The Vita Coco Company, Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$23.89 ( 0.533%) $23.76

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

Trading levels for COCO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.49 3.06 %
R2 24.26 2.09 %
R1 24.12 1.50 %
Current price: 23.76
Support S1 23.66 -0.432 %
S2 23.52 -1.03 %
S3 23.29 -1.99 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 25.77 8.46 %
R2 25.08 5.56 %
R1 24.82 4.46 %
Current price 23.76
Support S1 21.00 -11.62%
S2 20.97 -11.74%
S3 20.88 -12.12%

FAQ

What is the symbol for The Vita Coco Company, Inc. Stock and on which exchange is it traded?
The symbol for The Vita Coco Company, Inc. is COCO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell The Vita Coco Company, Inc. Stock?
The Vita Coco Company, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy The Vita Coco Company, Inc. Stock?
The Vita Coco Company, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy The Vita Coco Company, Inc. Stock.

What's the current price of The Vita Coco Company, Inc. Stock?
As of the end of day on the 2024-03-27, the price of an The Vita Coco Company, Inc. (COCO) share was $23.76.

What is the 52-week high and low for The Vita Coco Company, Inc. Stock?
The 52-week high for The Vita Coco Company, Inc. Stock is $33.29 and the 52-week low is $19.06.

What is the market capitalization of The Vita Coco Company, Inc. Stock?
As of the 2024-03-27, the market capitalization of The Vita Coco Company, Inc. is 1.352B.

When is the next earnings date for The Vita Coco Company, Inc.?
The upcoming earnings date for The Vita Coco Company, Inc. is May 01, 2024.
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About The Vita Coco Company, Inc.

The Vita Coco Company. The Vita Coco Company, Inc. develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, and the Asia Pacific. The company offers coconut oil and coconut milk; Hydration Drink Mix, a powdered form of flavored coconut water; sparkling water; Runa, a plant-based energy drink; purified water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness dri... COCO Profile

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