Harvest Finance / US Dollar Cryptocurrency 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
Harvest Finance / US Dollar cryptocurrency price ended at $75.89 on Tuesday, after losing 0.355%.
(Updated on May 21, 2024)
The Harvest Finance / US Dollar cryptocurrency price fell by -0.355% on the last day (Tuesday, 21st May 2024) from $76.16 to $75.89. During the last trading day the cryptocurrency fluctuated 6.26% from a day low at $74.16 to a day high of $78.80. The price has fallen in 6 of the last 10 days but is still up by 5.99% over the past 2 weeks. Volume fell on the last day along with the cryptocurrency, which is actually a good sign as volume should follow the cryptocurrency. On the last day, the trading volume fell by -9 million shares and in total, 13 million shares were bought and sold for approximately $982.74 million.
The cryptocurrency 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 cryptocurrency is expected to rise 50.23% during the next 3 months and, with a 90% probability hold a price between $100.12 and $168.51 at the end of this 3-month period.
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FARMUSD Signals & Forecast
The Harvest Finance / US Dollar cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $71.36 and $75.36. 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). 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 Thursday, April 11, 2024, and so far it has fallen -20.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the cryptocurrency moved $4.64 between high and low, or 6.26%. For the last week, the cryptocurrency has had daily average volatility of 11.50%.
Our recommended stop-loss: $71.26 (-6.10%) (This cryptocurrency has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (FARMUSD) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Harvest Finance / US Dollar to open at $76.28, and during the day (based on 14 day Average True Range), to move between $67.84 and $83.94, which gives a possible trading interval of +/-$8.05 (+/-10.61%) 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 21.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $76.55 (0.87%) than the support at $73.36 (3.33%), 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 Harvest Finance / US Dollar cryptocurrency A Buy?
Harvest Finance / US Dollar holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.668 Hold/Accumulate Unchanged
Predicted Opening Price for Harvest Finance / US Dollar of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $76.28 ( 0.518%) | $75.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FARMUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80.92 | 6.63 % | |
| R2 | 79.15 | 4.30 % | ||
| R1 | 78.06 | 2.85 % | ||
| Current price: | 75.89 | |||
| Support | S1 | 74.51 | -1.82 % | |
| S2 | 73.42 | -3.26 % | ||
| S3 | 71.64 | -5.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.60 | 15.43 % | |
| R2 | 85.41 | 12.54 % | ||
| R1 | 76.55 | 0.87 % | ||
| Current price | 75.89 | |||
| Support | S1 | 73.36 | -3.33% | |
| S2 | 73.34 | -3.36% | ||
| S3 | 67.63 | -10.88% |
FAQ
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