Harvest Finance / US Dollar Cryptocurrency Forecast

Harvest Finance / US Dollar cryptocurrency upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)

FARMUSD Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -20.22%. 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 rose on falling prices yesterday. This may be an early warning and the cryptocurrency should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Harvest Finance / US Dollar cryptocurrency 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 cryptocurrency giving a positive forecast for the stock. On further gains, the cryptocurrency will meet resistance from the short-term Moving Average at approximately $78.78. On a fall, the cryptocurrency will find some support from the long-term average at approximately $72.25. 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.

Support, Risk & Stop-loss for Harvest Finance / US Dollar cryptocurrency

Harvest Finance / US Dollar finds support from accumulated volume at $73.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This cryptocurrency may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $6.41 between high and low, or 9.08%. For the last week, the cryptocurrency has had daily average volatility of 11.12%.

Our recommended stop-loss: $73.31 (-3.59%) (This cryptocurrency has high daily movements and this gives high risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (FARMUSD) For The Upcoming Trading Day Of Saturday 4th

For the upcoming trading day on Saturday, 4th we expect Harvest Finance / US Dollar to open at $74.52, and during the day (based on 14 day Average True Range), to move between $64.94 and $87.14, which gives a possible trading interval of +/-$11.10 (+/-14.59%) up or down from last closing price. If Harvest Finance / US Dollar takes out the full calculated possible swing range there will be an estimated 29.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $73.36 (3.52%) than the resistance at $85.41 (12.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Harvest Finance / US Dollar cryptocurrency A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.823 Buy Candidate Upgraded

Predicted Opening Price for Harvest Finance / US Dollar of Saturday, May 4, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.