Hoge Finance Cryptocurrency Forecast

Evaluation of Hoge Finance cryptocurrency downgraded after the last trading session.
(Updated on May 18, 2024)

HOGEUSD Signals & Forecast

There are few to no technical positive signals at the moment. The Hoge Finance cryptocurrency holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the cryptocurrency giving a more negative forecast for the stock. On further gains, the cryptocurrency will meet resistance from the long-term Moving Average at $0.0000234. On a fall, the cryptocurrency will find some support from the short-term average at $0.00002086. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -66.15%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Hoge Finance cryptocurrency

Hoge Finance finds support from accumulated volume at $0.000021 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 periodic low trading volume this cryptocurrency is considered to be "high risk". During the last day, the cryptocurrency moved $0.000002 between high and low, or 9.52%. For the last week the cryptocurrency has had daily average volatility of 4.90%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HOGEUSD) For The Upcoming Trading Day Of Sunday 19th

For the upcoming trading day on Sunday, 19th we expect Hoge Finance to open at $0.000022, and during the day (based on 14 day Average True Range), to move between $0.00002003 and $0.00002397, which gives a possible trading interval of +/-$0.00000197 (+/-8.94%) up or down from last closing price. If Hoge Finance takes out the full calculated possible swing range there will be an estimated 17.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.000023 (4.55%) than the support at $0.000021 (4.55%), 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 Hoge Finance cryptocurrency A Buy?

Hoge Finance holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this cryptocurrency. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.239 Sell Candidate Downgraded

Predicted Opening Price for Hoge Finance of Sunday, May 19, 2024

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