Hector Network USD 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
Hector Network USD cryptocurrency upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Hector Network USD cryptocurrency price gained 0.254% on the last trading day (Friday, 28th Jun 2024), rising from $0.114 to $0.115. During the last trading day the cryptocurrency fluctuated 2.00% from a day low at $0.112 to a day high of $0.115. The price has risen in 6 of the last 10 days and is up by 15.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 more shares were traded than the day before. In total, 3 shares were bought and sold for approximately $0.344 .
The cryptocurrency lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to fall -26.72% during the next 3 months and, with a 90% probability hold a price between $0.0631 and $0.117 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HECUSD Signals & Forecast
There are mixed signals in the cryptocurrency today. The Hector Network USD cryptocurrency holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.115 and $0.133. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 15.54%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Hector Network 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hector Network USD cryptocurrency
Hector Network USD finds support from accumulated volume at $0.114 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 $0.0023 between high and low, or 2.00%. For the last week, the cryptocurrency has had daily average volatility of 2.89%.
Our recommended stop-loss: $0.110 (-4.26%) (This cryptocurrency has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (HECUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect Hector Network USD to open at $0.114, and during the day (based on 14 day Average True Range), to move between $0.109 and $0.120, which gives a possible trading interval of +/-$0.0057 (+/-4.99%) up or down from last closing price. If Hector Network USD takes out the full calculated possible swing range there will be an estimated 9.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.114 (0.25%) than the resistance at $0.130 (13.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hector Network USD cryptocurrency A Buy?
Hector Network 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. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hector Network USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.114 ( 0.654%) | $0.115 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HECUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.116 | 1.31% |
| R2 | 0.115 | 0.559% |
| R1 | 0.115 | 0.0955% |
| Price | 0.115 | |
| S1 | 0.113 | -1.40% |
| S2 | 0.112 | -1.87% |
| S3 | 0.112 | -2.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.141 | 23.04% |
| R2 | 0.132 | 14.88% |
| R1 | 0.130 | 13.64% |
| Price | 0.115 | |
| S1 | 0.114 | -0.253% |
| S2 | 0.113 | -1.82% |
| S3 | 0.0992 | -13.45% |
FAQ
Click here for our free guide on how to buy Hector Network USD Cryptocurrency.
