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.
MarketClub’s Trade Triangles for MLGO
The long-term trend has been DOWN since Dec 7th, 2023 at 1.8531
The intermediate-term trend has been DOWN since Dec 7th, 2023 at 2.3601
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).
|52wk High||71.5||52wk High Date||2022-12-13|
|52wk Low||1.12||52wk Low Date||2022-12-29|
|Average Volume||6,568,380||Shares Outstanding||43,857|