Previous Hold Today BCCI ranks #1553 as HOLD CANDIDATE. Next Hold
Today BCCI ranks #1553 as HOLD CANDIDATE.

BCCI stock BARISTAS COFFEE CO

BCCI stock
BARISTAS COFFEE CO

22 January 2019
Change 141.94%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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BARISTAS COFFEE CO Stock Analysis

Technical stock analysis for 22 January 2019

Hold candidate since 2019-01-22

BARISTAS COFFEE CO gained 141.94% in the last trading day, rising from $0.01 to $0.03 , 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. The price has risen in 6 of the last 10 days and is up by 240.91% 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, 11.88 million more shares were traded than the day before. In total, 13.87 million shares bought and sold for approximately $415 983.00.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the BCCI stock was $0.03. This is 141.94% more than the trading day before Friday, 18th Jan 2019.

During day the stock fluctuated 136.92% from a day low at $0.01 to a day high of $0.03.

30 day high of the BCCI stock price was $0.03 and low was $0.01.
90 day high was $0.03 and low was $0.01.
52 week high for the BARISTAS COFFEE CO - $0.03 and low - $0.01.

Trend

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.

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Signals

BARISTAS COFFEE CO holds buy signals from both short- and long-term moving averages. In addition, 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 $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 Tuesday January 15, 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 is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

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Relative Strength Index (RSI)

RSI14 is 88 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

Access full RSI 14 and RSI 21 lists

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.

Price: $0.03

Risk

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 $0.02 between high and low, or 136.92%. For the last week, the stock has had a daily average volatility of 52.98%.

The stock is extremely overbought on RSI14 (88). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $0.03 (-4.68%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

BARISTAS COFFEE CO holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today BCCI ranks #1553 as HOLD CANDIDATE. Next Hold
Today BCCI ranks #1553 as HOLD CANDIDATE.