BARISTAS COFFEE CO Forecast and Stock Analysis
Technical BCCI stock analysis for Wednesday June 19, 2019.
BARISTAS COFFEE CO gained 51.91% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $0.01 to $0.02 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 60.29% from a day low at $0.01 to a day high of $0.02. The price has risen in 5 of the last 10 days and is up by 71.55% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.19 million more shares were traded than the day before. In total, 1.90 million shares bought and sold for approximately $37 837.70.
- 30 day high of the BCCI stock price was $0.02 and low was $0.01.
- 90 day high was $0.03 and low was $0.01.
- 52 week high for the BARISTAS COFFEE CO - $0.13 and low - $0.01.
BARISTAS COFFEE CO has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $0.01, a level that may pose a second chance to hit a runner. According to fan-theory $0.02 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. BARISTAS COFFEE CO holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $0.01 and $0.01. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 14, 2019, which indicates further gains until a new top pivot has been found. BARISTAS COFFEE CO has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
BARISTAS COFFEE CO finds support from accumulated volume at $0.02.
This stock may move much during a 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 $0.01 between high and low, or 60.29%. For the last week, the stock has had a daily average volatility of 26.26%.
Our recommended stoploss: $0.02 (-5.03%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)
26.26 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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