MicroAlgo Inc. Stock Forecast

Sell candidate since May 05, 2025 Loss -41.21%

The MicroAlgo Inc. stock price decreased by -7.14% on the previous trading day (Friday, 9th May 2025), dropping from $2.52 to $2.34. Throughout the last trading session, the stock experienced a fluctuation of 14.81%, with a daily low of $2.16 and a daily high of $2.48. The price has declined in 9 out of the last 10 days, resulting in a total decrease of -70.45% during this timeframe. Volume also decreased on the last day, which, along with the drop in stock price, is typically a positive indicator since volume should align with price movements. On the last day, trading volume fell by -25 million shares, with a total of 14 million shares traded, amounting to approximately $32.46 million.

Given the current short-term trend, the stock is expected to rise 35.79% during the next 3 months and, with a 90% probability hold a price between $3.18 and $37.38 at the end of this 3-month period.

MLGO 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 MicroAlgo 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 $3.44 and $11.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 31, 2025, and so far it has fallen -90.35%. 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 MicroAlgo Inc. stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.320 between high and low, or 14.81%. For the last week, the stock has had daily average volatility of 30.10%.

MicroAlgo Inc. is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (MLGO) For The Upcoming Trading Day Of Monday 12th

For the upcoming trading day on Monday, 12th we expect MicroAlgo Inc. to open at $2.33, and during the day (based on 14 day Average True Range), to move between -$0.0897 and $4.77, which gives a possible trading interval of +/-$2.43 (+/-103.83%) up or down from last closing price. If MicroAlgo Inc. takes out the full calculated possible swing range there will be an estimated 207.66% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $2.44, some $0.100 (4.27%) from the current price of $2.34, our system finds the risk reward not very attractive.

Is MicroAlgo Inc. stock A Buy?

The MicroAlgo Inc. stock holds several negative signals and despite the positive trend, we believe MicroAlgo Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.063 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on May 12, 2025 - $2.33 ( 0.570%).