Big movements in MicroCloud Hologram Inc. stock price on Monday moving 43.30% between high and low

The MicroCloud Hologram Inc. stock price gained 81.54% on the last trading day (Monday, 26th Feb 2024), rising from $6.61 to $12.00. During the last trading day the stock fluctuated 43.30% from a day low at $9.77 to a day high of $14.00. The price has fallen in 6 of the last 10 days and is down by -43.66% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 million more shares were traded than the day before. In total, 53 million shares were bought and sold for approximately $636.91 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.73 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 28.82% during the next 3 months and, with a 90% probability hold a price between $6.10 and $87.08 at the end of this 3-month period.

The MicroCloud Hologram Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $22.70. On a fall, the stock will find some support from the long-term average at approximately $9.68. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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, February 16, 2024, and so far it has fallen -81.92%. Further fall is indicated until a new bottom pivot has been found.

On the downside, the stock finds support just below today's level from accumulated volume at $11.01 and $9.50.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $9.50 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $4.23 between high and low, or 43.30%. For the last week, the stock has had daily average volatility of 113.39%.

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MicroCloud Hologram Inc. stock to perform well in the short-term.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.