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Stock Trend Analysis Report

Prepared for you on Saturday, December 9, 2023.

MicroAlgo, Inc. - Ordinary Shares (NASDAQ:MLGO)

Long-Term Downtrend (-90) - MLGO is in a strong downtrend that is likely to continue. While MLGO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid MLGO?

MarketClub looks at technical strength and momentum to determine if the timing is right for MLGO.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_MLGO
Open High Low MLGO Price Change
2.500 2.750 2.080 2.135 +0.085
Entry Signal

MarketClub’s Trade Triangles for MLGO

long term down The long-term trend has been DOWN since Dec 7th, 2023 at 1.8531

intermediate term down The intermediate-term trend has been DOWN since Dec 7th, 2023 at 2.3601

short term down The short-term trend has been DOWN since Dec 7th, 2023 at 2.3601

Smart Scan Analysis for MLGO

Based on our trend formula, MLGO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for MLGO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
2.500 2.750 2.080 2.135 +0.085
Prev. Close Volume Bid Ask Time
2.260 37515865 2023-12-08 15:58:50
52wk High71.552wk High Date2022-12-13
52wk Low1.1252wk Low Date2022-12-29
Average Volume6,568,380Shares Outstanding43,857
P/E Ratio-23.07690000
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