HAYFEVER USD Stock Forecast
HAYFEVER USD stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The HAYFEVER USD stock price gained 0.0988% on the last trading day (Friday, 28th Jun 2024), rising from $1.01 to $1.01. During the last trading day the stock fluctuated 1.60% from a day low at $1.00 to a day high of $1.02. The price has been going up and down for this period, and there has been a 0.6% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 181 thousand more shares were traded than the day before. In total, 447 thousand shares were bought and sold for approximately $453.28 thousand.
The stock lies in the middle of a narrow and weak 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 4.42% during the next 3 months and, with a 90% probability hold a price between $1.05 and $1.06 at the end of this 3-month period.
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HAYUSD Signals & Forecast
The HAYFEVER USD 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 $1.01 and $1.00. 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). HAYFEVER USD has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Friday, June 21, 2024, and so far it has fallen -0.295%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 19, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for HAYFEVER USD stock
HAYFEVER USD finds support from accumulated volume at $1.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0160 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $0.97 (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 55 days ago.)
Trading Expectations (HAYUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect HAYFEVER USD to open at $1.01, and during the day (based on 14 day Average True Range), to move between $1.00 and $1.03, which gives a possible trading interval of +/-$0.0152 (+/-1.50%) up or down from last closing price. If HAYFEVER USD takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.01 (0.10%) than the support at $1.00 (1.09%), 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 HAYFEVER USD stock A Buy?
HAYFEVER USD 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.437 Hold/Accumulate Downgraded
Predicted Opening Price for HAYFEVER USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $1.01 ( 0.197%) | $1.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAYUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.03 | 1.38% |
| R2 | 1.02 | 0.779% |
| R1 | 1.02 | 0.406% |
| Price | 1.01 | |
| S1 | 1.00 | -0.80% |
| S2 | 1.00 | -1.17% |
| S3 | 1.00 | -1.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.02 | 0.296% |
| R2 | 1.02 | 0.197% |
| R1 | 1.01 | 0.0987% |
| Price | 1.01 | |
| S1 | 1.00 | -1.09% |
| S2 | 0.97 | -3.93% |
| S3 | 0.97 | -4.64% |
FAQ
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