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USA A1 Trading Advice (C) | 29-May-2024 | Expected Gain 9%-10%

SHORT TERM TRADING ADVICE IN USA

 BUY   Arhaus (NASDAQ: ARHS)

Arhaus (NASDAQ: ARHS) STOCK RECOMMENDATION

Idea BUY
Buy Range 17 – 17.5
Target 19 – 19.25
StopLoss* below 16.5
Duration 14-15 Trading Days
Potential Returns 9% – 10%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 17 – 17.5 19 – 19.25 below 16.5 14-15 Trading Days 9% – 10%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Arhaus (NASDAQ: ARHS) STOCK OVERVIEW

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.

Stock Data
NASDAQ Symbol ARHS
Sectoral Index Consumer Discretionary
52 Weeks High 17.27
52 Weeks Low 6.75

Arhaus (NASDAQ: ARHS) - RELATIVE STRENGTH

ARHS-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Arhaus —     NASDAQ —

Arhaus (NASDAQ: ARHS) - DAILY TECHNICAL ANALYSIS

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

ARHS-RSI
Arhaus (NASDAQ: ARHS) - RSI

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

Arhaus (NASDAQ: ARHS) - ADX & DI

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

  • 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

Arhaus (NASDAQ: ARHS) - MACD

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

CONCLUSION - Arhaus (NASDAQ: ARHS) STOCK PRICE FORECAST

Based on our stock trading advice in USA, Arhaus stock price target will be USD 17 – USD 17.5 in the next 14-15 trading sessions.

Arhaus (NASDAQ: ARHS) TRADINGVIEW POSITION UPDATE

Buy Arhaus by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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