BARISTAS COFFEE CO Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for BARISTAS COFFEE CO stock after losing 0%
(Updated on Apr 26, 2024)
No changes to the price of BARISTAS COFFEE CO stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $0.0035 to a day high of $0.0035. The price has been going up and down for this period, and there has been a 2.65% gain for the last 2 weeks.
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 68.73% 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 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 $0.0035 and $0.0034. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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.
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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 6.67%.
Our recommended stop-loss: $0.0033 (-5.80%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (BCCI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect BARISTAS COFFEE CO to open at $0.0035, and during the day (based on 14 day Average True Range), to move between $0.0031 and $0.0039, which gives a possible trading interval of +/-$0.0004 (+/-12.45%) up or down from last closing price. If BARISTAS COFFEE CO takes out the full calculated possible swing range there will be an estimated 24.90% 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.
Current score: 1.326 Buy Candidate Unchanged
Predicted Opening Price for BARISTAS COFFEE CO of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.0035 ( 0%) | $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 | 0.0035 | . | |
| R2 | 0.0035 | . | ||
| R1 | 0.0035 | . | ||
| Current price: | 0.0035 | |||
| Support | S1 | 0.0035 | . | |
| S2 | 0.0035 | . | ||
| S3 | 0.0035 | . |
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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