High volatility in MicroCloud Hologram Inc. stock price on Tuesday which ended trading at $0.391

The MicroCloud Hologram Inc. stock price gained 8.61% on the last trading day (Tuesday, 1st Oct 2024), rising from $0.360 to $0.391. During the last trading day the stock fluctuated 40.00% from a day low at $0.335 to a day high of $0.469. The price has risen in 6 of the last 10 days and is up by 78.95% 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, 54 million more shares were traded than the day before. In total, 183 million shares were bought and sold for approximately $71.43 million.

The stock 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 stock is expected to fall -49.38% during the next 3 months and, with a 90% probability hold a price between $0.0206 and $0.248 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Mostly positive signals in the chart today. The MicroCloud Hologram Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.289 and $0.338. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, September 18, 2024, and so far it has risen 93.28%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $0.360 and $0.350.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, MicroCloud Hologram Inc. finds support just below today's level at $0.360. If this is broken, then the next support from accumulated volume will be at $0.350 and $0.348.

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 $0.134 between high and low, or 40.00%. For the last week, the stock has had daily average volatility of 22.64%.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.