Coffee Holding Co. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Coffee Holding Co. stock price ended at $1.70 on Wednesday, after gaining 0.592%.
(Updated on Apr 24, 2024)
The Coffee Holding Co. stock price gained 0.592% on the last trading day (Wednesday, 24th Apr 2024), rising from $1.69 to $1.70. During the last trading day the stock fluctuated 7.14% from a day low at $1.68 to a day high of $1.80. The price has risen in 6 of the last 10 days and is up by 22.3% over the past 2 weeks. Volume fell on the last day by -86 thousand shares and in total, 45 thousand shares were bought and sold for approximately $76.81 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 49.75% during the next 3 months and, with a 90% probability hold a price between $2.22 and $2.77 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 $1.70 and $1.48. A breakdown below any of these levels will issue sell signals. 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 -6.08%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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 $1.69 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.120 between high and low, or 7.14%. For the last week the stock has had daily average volatility of 8.17%.
Our recommended stop-loss: $1.61 (-5.24%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (JVA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Coffee Holding Co. to open at $1.73, and during the day (based on 14 day Average True Range), to move between $1.57 and $1.83, which gives a possible trading interval of +/-$0.127 (+/-7.48%) up or down from last closing price. If Coffee Holding Co. takes out the full calculated possible swing range there will be an estimated 14.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.71 (0.59%) than the support at $1.69 (0.59%), 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: 1.323 Buy Candidate Unchanged
Predicted Opening Price for Coffee Holding Co. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $1.73 ( 1.57%) | $1.70 |
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 | 1.85 | 8.63 % | |
| R2 | 1.80 | 5.93 % | ||
| R1 | 1.77 | 4.27 % | ||
| Current price: | 1.70 | |||
| Support | S1 | 1.68 | -1.13 % | |
| S2 | 1.65 | -2.79 % | ||
| S3 | 1.61 | -5.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.81 | 6.47 % | |
| R2 | 1.79 | 5.29 % | ||
| R1 | 1.71 | 0.588 % | ||
| Current price | 1.70 | |||
| Support | S1 | 1.69 | -0.588% | |
| S2 | 1.61 | -5.29% | ||
| S3 | 1.55 | -8.82% |
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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