MicroCloud Hologram Inc. Stock Forecast

Big movements in MicroCloud Hologram Inc. stock price on Friday moving 15.51% between high and low
(Updated on Apr 26, 2024)

HOLO Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $2.62 and $3.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, February 16, 2024, and so far it has fallen -96.23%. Further fall is indicated until a new bottom pivot has been found. 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 $2.47 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 $0.380 between high and low, or 15.51%. For the last week, the stock has had daily average volatility of 15.78%.

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 29th

For the upcoming trading day on Monday, 29th we expect MicroCloud Hologram Inc. to open at $2.59, and during the day (based on 14 day Average True Range), to move between $1.34 and $3.66, which gives a possible trading interval of +/-$1.16 (+/-46.33%) up or down from last closing price. If MicroCloud Hologram Inc. takes out the full calculated possible swing range there will be an estimated 92.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.52 (0.80%) than the support at $2.47 (1.20%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.675 Strong Sell Candidate Downgraded

Predicted Opening Price for MicroCloud Hologram Inc. of Monday, April 29, 2024

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