BARISTAS COFFEE CO Forecast and Stock Analysis
Technical BCCI stock analysis for March 22, 2019.
BARISTAS COFFEE CO fell by -4.42% in the last day from $0.03 to $0.03 and has now fallen 3 days in a row. The price has fallen in 5 of the last 10 days and is down by -6.86% for this period. Volume has increased in the last day by 45 142 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 530 516 shares bought and sold for approximately $14 323.90.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the BCCI stock was $0.03. This is 4.42% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 11.11% from a day low at $0.03 to a day high of $0.03.
30 day high of the BCCI stock price was $0.06 and low was $0.03.
90 day high was $0.13 and low was $0.01.
52 week high for the BARISTAS COFFEE CO - $0.13 and low - $0.01.
BARISTAS COFFEE CO lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $0.03 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 30.86% during the next 3 months and, with 90% probability hold a price between $0.03 and $0.15 at the end of this period.
There are few to none technical positive signals at the moment. BARISTAS COFFEE CO holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $0.03 and $0.04. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday March 12, 2019, which indicates further falls until a new bottom pivot has been found. BARISTAS COFFEE 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-off's". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.00 between high and low, or 11.11%. For the last week, the stock has had a daily average volatility of 10.64%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The BARISTAS COFFEE CO stock holds several negative signals and despite the positive trend we believe BARISTAS COFFEE CO will perform weak 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 recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.