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
High volatility in Coffee Holding Co. stock price on Thursday which ended trading at $1.46
(Updated on May 02, 2024)
The Coffee Holding Co. stock price fell by -5.19% on the last day (Thursday, 2nd May 2024) from $1.54 to $1.46. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 12.95% from a day low at $1.39 to a day high of $1.57. The price has fallen in 8 of the last 10 days and is down by -19.34% for this period. Volume has increased on the last day by 32 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, 75 thousand shares were bought and sold for approximately $109.98 thousand.
Given the current short-term trend, the stock is expected to rise 44.00% during the next 3 months and, with a 90% probability hold a price between $2.10 and $2.74 at the end of this 3-month period.
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JVA Signals & Forecast
There are few to no technical positive signals at the moment. The Coffee Holding Co. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.62 and $1.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -19.34%. 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). 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".
Support, Risk & Stop-loss for Coffee Holding Co. stock
Coffee Holding Co. finds support from accumulated volume at $1.40 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 $0.180 between high and low, or 12.95%. For the last week, the stock has had daily average volatility of 8.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JVA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Coffee Holding Co. to open at $1.47, and during the day (based on 14 day Average True Range), to move between $1.34 and $1.58, which gives a possible trading interval of +/-$0.125 (+/-8.56%) up or down from last closing price. If Coffee Holding Co. takes out the full calculated possible swing range there will be an estimated 17.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.40 (4.11%) than the resistance at $1.54 (5.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Coffee Holding Co. stock A Buy?
The Coffee Holding Co. stock holds several negative signals and despite the positive trend, we believe Coffee Holding Co. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.692 Strong Sell Candidate Downgraded
Predicted Opening Price for Coffee Holding Co. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $1.47 ( 0.91%) | $1.46 |
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 | 1.65 | 13.24 % | |
| R2 | 1.58 | 8.53 % | ||
| R1 | 1.54 | 5.62 % | ||
| Current price: | 1.46 | |||
| Support | S1 | 1.40 | -3.80 % | |
| S2 | 1.36 | -6.71 % | ||
| S3 | 1.29 | -11.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.79 | 22.60 % | |
| R2 | 1.69 | 15.75 % | ||
| R1 | 1.54 | 5.48 % | ||
| Current price | 1.46 | |||
| Support | S1 | 1.40 | -4.11% | |
| S2 | 1.32 | -9.59% | ||
| S3 | 1.30 | -10.96% |
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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