• 1 BRCC stock price shed double digits over a week’s time.
• 2 Black rifle coffee company collaborates with a precision driver for a limited edition coffee collection.
• 3 BRCC’s revenue report is scheduled to be released on March 15, 2023.

BRCC stock price bled 10.50% in the past week and is trapped by the inflationary market trends. Black Rifle Coffee Company (NYSE: BRCC) is a company that operates to integrate coffee with media. The coffee catering seems to be entrapped under the inflationary trends. The slowing economies have a cascading effect over the BRCC stock prices. 

BRCC stock prices prepare for a trend reversal taking support of the new collaboration with the precision driver, BJ Baldwin. The driver and the coffee company, BRC Inc. have joined forces to collaborate on a limited edition coffee collection. The collection also offers BJ’s Coffee Subscription, which provides the subscriber with a unique bundle of coffee products. 

Black Rifle Coffee Company Ready for the Event?

Black Rifle Coffee Company is planning to host an event– Recoil Reloaded, in light of the new collaboration. The date of the event is yet to be disclosed, but it perfectly fits the company’s edgy image. The new BJ’s collections and the sporty event, is predicted to be accompanied by 1100 Horsepower Black Rifle Coffee Truck. 

The attributes of the Black Rifle Coffee  truck on display play with automobile lovers’ hearts. The tough-features define the beast appropriately and will add an extra blitz to the ridgy event. The coffee-cum-media company, flaunted the master event on all of their social interaction platforms. The official youtube of the Black Rifle Coffee Company, has various podcasts and interviews that invited interested audience to the event.

Break out levels for BRCC Stock Price 

BRCC stock price has lost for the past four consecutive trading sessions, strongly indicating a price reversal. The falling prices have escaped a declining streak, hinting at a high run in price action. The volume shows minimal activity. The Fib retracement levels display some unique levels. 

The falling prices pose to rise testing the first and second level, testing the resistance near $8.44. If this level is achieved, BRCC stock price can aim for $11.08 level. The secondary resistance may see some consolidation before attainment. The next target may be set beyond $11, after the fifth level is claimed.

The RSI falls to 40-range due to the falling trend in prices. It shows sellers gaining temporary dominance. The MACD forms a negative cross and records ascending seller bars to match the selling activity by the investors. 

Conclusion

Black Rifle Coffee Company or the BRCC stock price are under the bearish trends and now hints at price reversal. The falling prices aim to shoot through various levels of breakout and reach the target of $11. The holder of BRCC Stock can rely on the support zone near $5.79.

Technical levels

Support levels: 8.44 and $11.08

Resistance levels: $5.79 and $5.00

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Nancy J. Allen

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.