BARISTAS COFFEE CO Stock Forecast
Big movements in BARISTAS COFFEE CO stock price on Thursday moving 33.33% between high and low
(Updated on Apr 25, 2024)
The BARISTAS COFFEE CO stock price gained 4.18% on the last trading day (Thursday, 25th Apr 2024), rising from $0.0034 to $0.0035. During the last trading day the stock fluctuated 33.33% from a day low at $0.0030 to a day high of $0.0040. The price has risen in 4 of the last 10 days and is up by 16.33% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately $26.18 .
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0031 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 70.90% during the next 3 months and, with a 90% probability hold a price between $0.0053 and $0.0092 at the end of this 3-month period.
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BCCI Signals & Forecast
The BARISTAS COFFEE CO stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.0035. On a fall, the stock will find some support from the long-term average at approximately $0.0033. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. BARISTAS COFFEE CO has increased 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Wednesday, March 20, 2024, and so far it has fallen -22.44%. 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).
Support, Risk & Stop-loss for BARISTAS COFFEE CO stock
BARISTAS COFFEE CO finds support from accumulated volume at $0.0034 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 $0.0010 between high and low, or 33.33%. For the last week, the stock has had daily average volatility of 6.67%.
Our recommended stop-loss: $0.0033 (-5.96%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (BCCI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect BARISTAS COFFEE CO to open at $0.0035, and during the day (based on 14 day Average True Range), to move between $0.0030 and $0.0040, which gives a possible trading interval of +/-$0.0005 (+/-13.41%) up or down from last closing price. If BARISTAS COFFEE CO takes out the full calculated possible swing range there will be an estimated 26.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0035 (0.29%) than the support at $0.0034 (2.58%), 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 BARISTAS COFFEE 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 BARISTAS COFFEE CO stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.447 Buy Candidate Upgraded
Predicted Opening Price for BARISTAS COFFEE CO of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.0035 ( 0.191%) | $0.0035 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BCCI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0045 | 28.84 % | |
| R2 | 0.0041 | 17.90 % | ||
| R1 | 0.0039 | 11.14 % | ||
| Current price: | 0.0035 | |||
| Support | S1 | 0.0031 | -10.75 % | |
| S2 | 0.0029 | -17.52 % | ||
| S3 | 0.0025 | -28.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0040 | 14.61 % | |
| R2 | 0.0038 | 8.88 % | ||
| R1 | 0.0035 | 0.287 % | ||
| Current price | 0.0035 | |||
| Support | S1 | 0.0034 | -2.58% | |
| S2 | 0.0030 | -14.04% | ||
| S3 | 0.0028 | -19.77% |
FAQ
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