MingZhu Logistics Holdings Limited Stock Forecast

Buy or Hold candidate since Apr 17, 2025 Gain 40.59%

The MingZhu Logistics Holdings Limited stock price fell by -2.74% on the last day (Thursday, 15th May 2025) from $1.46 to $1.42. During the last trading day the stock fluctuated 0.704% from a day low at $1.42 to a day high of $1.43. The price has risen in 6 of the last 10 days and is up by 13.6% 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 -14 thousand shares and in total, 21 thousand shares were bought and sold for approximately $29.13 thousand.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $1.47 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 75.38% during the next 3 months and, with a 90% probability hold a price between $1.64 and $2.58 at the end of this 3-month period.

YGMZ Signals & Forecast

The MingZhu Logistics Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.35 and $1.03. A breakdown below any of these levels will issue sell signals. 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 Wednesday, May 14, 2025, and so far it has fallen -2.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for MingZhu Logistics Holdings Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.27 and $1.25. 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, MingZhu Logistics Holdings Limited finds support just below today's level at $1.27. If this is broken, then the next support from accumulated volume will be at $1.25 and $1.20.

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 $0.0100 between high and low, or 0.704%. For the last week the stock has had daily average volatility of 7.75%.

Our recommended stop-loss: $1.35 (-4.76%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (YGMZ) For The Upcoming Trading Day Of Friday 16th

For the upcoming trading day on Friday, 16th we expect MingZhu Logistics Holdings Limited to open at $1.42, and during the day (based on 14 day Average True Range), to move between $1.30 and $1.54, which gives a possible trading interval of +/-$0.118 (+/-8.31%) up or down from last closing price. If MingZhu Logistics Holdings Limited takes out the full calculated possible swing range there will be an estimated 16.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.46 (2.82%) than the support at $1.27 (10.56%), 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 MingZhu Logistics Holdings Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MingZhu Logistics Holdings Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.172 Buy Candidate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on May 16, 2025 - $1.42 ( 0.235%).