Wimi Hologram Cloud Inc Adr Stock Forecast
High volatility in Wimi Hologram Cloud Inc Adr stock price on Thursday which ended trading at $0.90
(Updated on Apr 25, 2024)
The Wimi Hologram Cloud Inc Adr stock price fell by -22.09% on the last day (Thursday, 25th Apr 2024) from $1.15 to $0.90. During the last trading day the stock fluctuated 19.10% from a day low at $0.89 to a day high of $1.06. The price has risen in 6 of the last 10 days and is up by 16.67% over the past 2 weeks. 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 -17 million shares and in total, 2 million shares were bought and sold for approximately $1.81 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 -4.82% during the next 3 months and, with a 90% probability hold a price between $0.502 and $1.61 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WIMI 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 Wimi Hologram Cloud Inc Adr stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.91. On a fall, the stock will find some support from the short-term average at $0.794. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -48.21%. 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 Wimi Hologram Cloud Inc Adr stock
Wimi Hologram Cloud Inc Adr finds support from accumulated volume at $0.89 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 $0.170 between high and low, or 19.10%. For the last week, the stock has had daily average volatility of 17.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WIMI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Wimi Hologram Cloud Inc Adr to open at $0.95, and during the day (based on 14 day Average True Range), to move between $0.765 and $1.03, which gives a possible trading interval of +/-$0.131 (+/-14.66%) up or down from last closing price. If Wimi Hologram Cloud Inc Adr takes out the full calculated possible swing range there will be an estimated 29.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.89 (0.19%) than the resistance at $1.08 (20.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wimi Hologram Cloud Inc Adr stock A Buy?
Wimi Hologram Cloud Inc Adr 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.188 Sell Candidate Downgraded
Predicted Opening Price for Wimi Hologram Cloud Inc Adr of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.95 ( 5.88%) | $0.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WIMI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.12 | 24.85 % | |
| R2 | 1.05 | 17.60 % | ||
| R1 | 1.01 | 13.13 % | ||
| Current price: | 0.90 | |||
| Support | S1 | 0.88 | -1.37 % | |
| S2 | 0.84 | -5.85 % | ||
| S3 | 0.779 | -13.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.10 | 22.77 % | |
| R2 | 1.09 | 21.65 % | ||
| R1 | 1.08 | 20.54 % | ||
| Current price | 0.90 | |||
| Support | S1 | 0.89 | -0.190% | |
| S2 | 0.89 | -0.670% | ||
| S3 | 0.80 | -10.60% |
FAQ
Click here for our free guide on how to buy Wimi Hologram Cloud Inc Adr Stock.
