Wimi Hologram Cloud Inc Adr Stock Forecast
Red day on Monday for Wimi Hologram Cloud Inc Adr stock after losing 1.06%
(Updated on May 06, 2024)
The Wimi Hologram Cloud Inc Adr stock price fell by -1.06% on the last day (Monday, 6th May 2024) from $0.96 to $0.95. During the last trading day the stock fluctuated 9.32% from a day low at $0.91 to a day high of $1.00. The price has risen in 6 of the last 10 days and is up by 38.06% 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 -63 thousand shares and in total, 203 thousand shares were bought and sold for approximately $193.04 thousand.
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 -16.29% during the next 3 months and, with a 90% probability hold a price between $0.417 and $1.30 at the end of this 3-month period.
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WIMI Signals & Forecast
The Wimi Hologram Cloud Inc Adr stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $0.97. On a fall, the stock will find some support from the long-term average at approximately $0.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -45.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Wimi Hologram Cloud Inc Adr stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.89 and $0.89. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Wimi Hologram Cloud Inc Adr finds support just below today's level at $0.89. If this is broken, then the next support from accumulated volume will be at $0.89 and $0.80.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0850 between high and low, or 9.32%. For the last week the stock has had daily average volatility of 7.96%.
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 Tuesday 7th
For the upcoming trading day on Tuesday, 7th 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 $0.83 and $1.07, which gives a possible trading interval of +/-$0.118 (+/-12.42%) 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 24.84% 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 (5.83%) than the resistance at $1.08 (13.72%), 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.
Current score: -1.146 Sell Candidate Unchanged
Predicted Opening Price for Wimi Hologram Cloud Inc Adr of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.95 ( 0.337%) | $0.95 |
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 | 1.04 | 9.29 % | |
| R2 | 1.01 | 5.87 % | ||
| R1 | 0.99 | 3.76 % | ||
| Current price: | 0.95 | |||
| Support | S1 | 0.92 | -3.08 % | |
| S2 | 0.90 | -5.19 % | ||
| S3 | 0.87 | -8.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.15 | 21.09 % | |
| R2 | 1.10 | 15.83 % | ||
| R1 | 1.08 | 13.72 % | ||
| Current price | 0.95 | |||
| Support | S1 | 0.89 | -5.83% | |
| S2 | 0.89 | -6.29% | ||
| S3 | 0.80 | -15.66% |
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