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AI Analysis of HOLO
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MicroCloud Hologram Inc. stock price down 0.134% on Friday
(Updated on Jun 21, 2024)

Sell candidate since Jun 05, 2024 Loss -41.99% PDF

The MicroCloud Hologram Inc. stock price fell by -0.134% on the last day (Friday, 21st Jun 2024) from $0.97 to $0.97. During the last trading day the stock fluctuated 9.94% from a day low at $0.95 to a day high of $1.04. The price has fallen in 8 of the last 10 days and is down by -44.65% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 million shares and in total, 13 million shares were bought and sold for approximately $12.71 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 -57.54% during the next 3 months and, with a 90% probability hold a price between $0.187 and $0.87 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.

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HOLO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 2.56%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MicroCloud Hologram Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.17 and $1.72. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for MicroCloud Hologram Inc. stock

MicroCloud Hologram Inc. finds support from accumulated volume at $0.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.0940 between high and low, or 9.94%. For the last week, the stock has had daily average volatility of 19.24%.

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

Trading Expectations (HOLO) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect MicroCloud Hologram Inc. to open at $0.98, and during the day (based on 14 day Average True Range), to move between $0.703 and $1.23, which gives a possible trading interval of +/-$0.265 (+/-27.39%) up or down from last closing price. If MicroCloud Hologram Inc. takes out the full calculated possible swing range there will be an estimated 54.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.97 (0.13%) than the support at $0.94 (2.50%), 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 MicroCloud Hologram Inc. stock A Buy?

MicroCloud Hologram Inc. 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 stock.

Current score: -5.043 Strong Sell Candidate Unchanged

Predicted Opening Price for MicroCloud Hologram Inc. of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$0.98 ( 1.67%) $0.97

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

Trading levels for HOLO

Fibonacci Support & Resistance Levels

Level Price
R3 1.08 11.38%
R2 1.04 7.67%
R1 1.02 5.38%
Price 0.97
S1 0.95 -2.03%
S2 0.93 -4.32%
S3 0.89 -8.03%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 1.18 21.81%
R1 0.97 0.134%
Price 0.97
S1 0.94 -2.50%
S2 0 -
S3 0 -

FAQ

What is the symbol for MicroCloud Hologram Inc. Stock and on which exchange is it traded?
The symbol for MicroCloud Hologram Inc. is HOLO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell MicroCloud Hologram Inc. Stock?
MicroCloud Hologram Inc. 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 stock.

How to buy MicroCloud Hologram Inc. Stock?
MicroCloud Hologram Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy MicroCloud Hologram Inc. Stock.

What's the current price of MicroCloud Hologram Inc. Stock?
As of the end of day on the Jun 21, 2024, the price of an MicroCloud Hologram Inc. (HOLO) share was $0.97.

What is the 52-week high and low for MicroCloud Hologram Inc. Stock?
The 52-week high for MicroCloud Hologram Inc. Stock is $113.00 and the 52-week low is $0.88.

What is the market capitalization of MicroCloud Hologram Inc. Stock?
As of the Jun 21, 2024, the market capitalization of MicroCloud Hologram Inc. is 79.533M.
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