MicroCloud Hologram Inc. Stock Forecast
Volatile ride for MicroCloud Hologram Inc. stock price on Tuesday moving between $0.87 and $1.06
(Updated on Jul 02, 2024)
The MicroCloud Hologram Inc. stock price fell by -3.60% on the last day (Tuesday, 2nd Jul 2024) from $0.92 to $0.89. During the last trading day the stock fluctuated 22.04% from a day low at $0.87 to a day high of $1.06. The price has fallen in 6 of the last 10 days and is down by -24.51% 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 -8 million shares and in total, 20 million shares were bought and sold for approximately $18.08 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 -55.31% during the next 3 months and, with a 90% probability hold a price between $0.152 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 Thursday, June 27, 2024, and so far it has risen 10.64%. 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 $0.91 and $1.50. 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
On the downside, the stock finds support just below today's level from accumulated volume at $0.82 and $0.81. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.81 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 $0.191 between high and low, or 22.04%. For the last week, the stock has had daily average volatility of 16.03%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect MicroCloud Hologram Inc. to open at $0.94, and during the day (based on 14 day Average True Range), to move between $0.670 and $1.11, which gives a possible trading interval of +/-$0.221 (+/-24.76%) up or down from last closing price. If MicroCloud Hologram Inc. takes out the full calculated possible swing range there will be an estimated 49.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.94 (5.98%) than the support at $0.82 (7.84%), 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: -4.564 Sell Candidate Unchanged
Predicted Opening Price for MicroCloud Hologram Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.94 ( 5.50%) | $0.89 |
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 | 1.13 | 26.99% |
| R2 | 1.06 | 18.78% |
| R1 | 1.01 | 13.71% |
| Price | 0.89 | |
| S1 | 0.87 | -2.71% |
| S2 | 0.82 | -7.78% |
| S3 | 0.748 | -15.99% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.97 | 8.89% |
| R2 | 0.94 | 6.03% |
| R1 | 0.94 | 5.98% |
| Price | 0.89 | |
| S1 | 0.82 | -7.84% |
| S2 | 0.81 | -9.62% |
| S3 | 0 | - |
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