BARISTAS COFFEE CO Stock Forecast
Weaker technical forecast for BARISTAS COFFEE CO as stock downgraded to Buy Candidate.
(Updated on Apr 18, 2024)
No changes to the price of BARISTAS COFFEE CO stock on the last trading day (Thursday, 18th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0036 to a day high of $0.0036. The price has been going up and down for this period, and there has been a 5.88% gain for the last 2 weeks.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 78.68% during the next 3 months and, with a 90% probability hold a price between $0.0053 and $0.0094 at the end of this 3-month period.
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BCCI Signals & Forecast
The BARISTAS COFFEE CO stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $0.0033 and $0.0032. A breakdown below any of these levels will issue sell signals. 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, April 17, 2024, and so far it has fallen 0%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, February 14, 2024 with a target of $0.0022. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for BARISTAS COFFEE CO stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0034 and $0.0030. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BARISTAS COFFEE CO finds support just below today's level at $0.0034. If this is broken, then the next support from accumulated volume will be at $0.0030 and $0.0028.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 7.33%
Our recommended stop-loss: $0.0035 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BCCI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect BARISTAS COFFEE CO to open at $0.0036, and during the day (based on 14 day Average True Range), to move between $0.0030 and $0.0042, which gives a possible trading interval of +/-$0.0006 (+/-15.32%) up or down from last closing price. If BARISTAS COFFEE CO takes out the full calculated possible swing range there will be an estimated 30.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0038 (5.56%) than the support at $0.0034 (5.56%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.812 Buy Candidate Downgraded
Predicted Opening Price for BARISTAS COFFEE CO of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.0036 ( 0.00000000%) | $0.0036 |
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 | 0.0036 | 0.00000000 % | |
| R2 | 0.0036 | 0.00000000 % | ||
| R1 | 0.0036 | 0.00000000 % | ||
| Current price: | 0.0036 | |||
| Support | S1 | 0.0036 | 0.00000000 % | |
| S2 | 0.0036 | 0.00000000 % | ||
| S3 | 0.0036 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0040 | 11.11 % | ||
| R1 | 0.0038 | 5.56 % | ||
| Current price | 0.0036 | |||
| Support | S1 | 0.0034 | -5.56% | |
| S2 | 0.0030 | -16.67% | ||
| S3 | 0.0028 | -22.22% |
FAQ
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