Microvast Holdings, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Microvast Holdings, Inc. stock price on Wednesday which ended trading at $0.404
(Updated on May 01, 2024)
The Microvast Holdings, Inc. stock price gained 3.11% on the last trading day (Wednesday, 1st May 2024), rising from $0.392 to $0.404. During the last trading day the stock fluctuated 11.52% from a day low at $0.376 to a day high of $0.419. The price has been going up and down for this period, and there has been a -22.42% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 261 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $879.16 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.353 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -43.15% during the next 3 months and, with a 90% probability hold a price between $0.201 and $0.400 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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MVST Signals & Forecast
There are mixed signals in the stock today. The Microvast Holdings, 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 $0.417 and $0.575. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 4.10%. 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). Microvast Holdings, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Microvast Holdings, Inc. stock
Microvast Holdings, Inc. finds support from accumulated volume at $0.392 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0433 between high and low, or 11.52%. For the last week, the stock has had daily average volatility of 16.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MVST) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Microvast Holdings, Inc. to open at $0.400, and during the day (based on 14 day Average True Range), to move between $0.339 and $0.469, which gives a possible trading interval of +/-$0.0652 (+/-16.13%) up or down from last closing price. If Microvast Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 32.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.392 (3.02%) than the resistance at $0.450 (11.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Microvast Holdings, Inc. stock A Buy?
Microvast Holdings, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.446 Sell Candidate Upgraded
Predicted Opening Price for Microvast Holdings, Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $0.400 ( 1.06%) | $0.404 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MVST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.443 | 9.65 % | |
| R2 | 0.427 | 5.56 % | ||
| R1 | 0.416 | 3.03 % | ||
| Current price: | 0.404 | |||
| Support | S1 | 0.383 | -5.16 % | |
| S2 | 0.373 | -7.69 % | ||
| S3 | 0.357 | -11.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.492 | 21.85 % | |
| R2 | 0.456 | 12.79 % | ||
| R1 | 0.450 | 11.31 % | ||
| Current price | 0.404 | |||
| Support | S1 | 0.392 | -3.02% | |
| S2 | 0.388 | -3.93% | ||
| S3 | 0 | . |
FAQ
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