NASDAQ trade advice (C): US consumer discretionary stock | 9-10% gain | USA stock trading signal on 29 May 2024

Date
May 29, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Swing Trading Signals in US Stocks

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Arhaus
  • 17 – 17.5
  • 19 – 19.25
  • Below 16.5
  • 9% – 10%
  • 14 - 15 Days
  • Buy
    Arhaus
  • Buy
    Range
    17 – 17.5
  • Target
    19 – 19.25
  • Stoploss
    Below 16.5
  • Upside
    Potential
    9% – 10%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Arhaus (NASDAQ: ARHS) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • ARHS
  • Arhaus
  • Consumer Discretionary
  • 17.27
  • 6.75
  • NASDAQ Code ARHS
  • Stock Name Arhaus
  • Sector Consumer Discretionary
  • 52 Weeks High 17.27
  • 52 Weeks Low 6.75
  • Arhaus (NASDAQ: ARHS) vs NASDAQ - Relative Strength Comparison

    The image showcases Arhaus's 1-year performance relative to NASDAQ.
    Relative Performance - Last 1 Year
    ARHS —   NASDAQ —

  • Arhaus (NASDAQ: ARHS) - Technical Analysis (Daily)

    Arhaus - Technical Analysis chart on Daily Price and Volume
    Arhaus - Technical Analysis chart on Daily Price and Volume

    • In the upside journey, price has formed a Cup & Handle pattern.
    • After the breakout, price started moving upside and took a rejection from 16.5 level.
    • With a short correction, the price is currently trading at its All Time High at near 17.5 level.
    • It is expected that the price may continue its trend and go upside further.
  • Arhaus (NASDAQ: ARHS) - RSI Indicator

    Arhaus stock analysis based on RSI Indicator
    Arhaus - RSI Indicator

    • Current RSI of this stock is 69.23, which indicates the strength of buyers.

  • Arhaus (NASDAQ: ARHS) - ADX & DI Indicator

    Arhaus stock analysis based on ADX & DI Indicator
    Arhaus - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Arhaus (NASDAQ: ARHS) - MACD Indicator

    Arhaus stock analysis based on MACD Indicator
    Arhaus - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Arhaus (NASDAQ: ARHS) Stock Price Forecast

    Based on our positional trading in USA stocks, Arhaus stock price target will be USD 19 - USD 19.25 in the next 14-15 trading sessions.

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    Target hit. Trade closed.

    NASDAQ ARHS

    29 May 2024
    03 June 2024
    5 days
    Loss per
    100,000 SAR
    Stop-loss
    16.5
    Buy Advice
    29 May 2024
    17 - 17.5
    Target 1
    03 June 2024
    19.25
    Target 2
    Profit per
    100,000 SAR
    5 days
    11,235
    16.5
    17 - 17.5
    19.25
    11,235
    29 May 2024
    03 June 2024
    5 days
    Loss per
    100,000 SAR
    Stop-loss
    16.5
    Buy Advice
    29 May 2024
    17 - 17.5
    Target 1
    03 June 2024
    19.25
    Target 2
    Profit per
    100,000 SAR
    5 days
    11,235
    16.5
    17 - 17.5
    19.25
    11,235
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Arhaus
  • 17 – 17.5
  • 19 – 19.25
  • Below 16.5
  • 9% – 10%
  • 14 - 15 Days
  • Buy Arhaus
  • Buy
    Range
    17 – 17.5
  • Target 19 – 19.25
  • Stoploss Below 16.5
  • Upside
    Potential
    9% – 10%
  • Trade
    Duration
    14 - 15 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Arhaus
  • 17 – 17.5
  • 19 – 19.25
  • Below 16.5
  • 9% – 10%
  • 14 - 15 Days
  • Buy
    Arhaus
  • Buy
    Range
    17 – 17.5
  • Target
    19 – 19.25
  • Stoploss
    Below 16.5
  • Upside
    Potential
    9% – 10%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Arhaus (NASDAQ: ARHS) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • ARHS
  • Arhaus
  • Consumer Discretionary
  • 17.27
  • 6.75
  • NASDAQ Code ARHS
  • Stock Name Arhaus
  • Sector Consumer Discretionary
  • 52 Weeks High 17.27
  • 52 Weeks Low 6.75
  • Company profile

    Arhaus, Inc. operates as a lifestyle brand and premium retailer in the home furnishings market in the United States. It provides merchandise assortments across various categories, including furniture, lighting, textiles, décor, and outdoor. The company distributes its products through an omni-channel model comprising showrooms, e-commerce platform, print and digital media, and in-home designer services. Arhaus, Inc. was founded in 1986 and is headquartered in Boston Heights, Ohio.

  • Arhaus (NASDAQ: ARHS) vs NASDAQ - Relative Strength Comparison

    The image showcases Arhaus's 1-year performance relative to NASDAQ.
    Relative Performance - Last 1 Year
    ARHS —   NASDAQ —

  • Arhaus (NASDAQ: ARHS) - Technical Analysis (Daily)

    Arhaus - Technical Analysis chart on Daily Price and Volume
    Arhaus - Technical Analysis chart on Daily Price and Volume

    • In the upside journey, price has formed a Cup & Handle pattern.
    • After the breakout, price started moving upside and took a rejection from 16.5 level.
    • With a short correction, the price is currently trading at its All Time High at near 17.5 level.
    • It is expected that the price may continue its trend and go upside further.
  • Arhaus (NASDAQ: ARHS) - RSI Indicator

    Arhaus stock analysis based on RSI Indicator
    Arhaus - RSI Indicator

    • Current RSI of this stock is 69.23, which indicates the strength of buyers.

  • Arhaus (NASDAQ: ARHS) - ADX & DI Indicator

    Arhaus stock analysis based on ADX & DI Indicator
    Arhaus - ADX & DI Indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Arhaus (NASDAQ: ARHS) - MACD Indicator

    Arhaus stock analysis based on MACD Indicator
    Arhaus - MACD Indicator

    • MACD line has crossed the signal line from the below, generates bullish signal.

  • Conclusion - Arhaus (NASDAQ: ARHS) Stock Price Forecast

    Based on our positional trading in USA stocks, Arhaus stock price target will be USD 19 - USD 19.25 in the next 14-15 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website