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Stock Trend Analysis Report

Prepared for you on Thursday, December 26, 2024.

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
1.7700 2.3200 1.6556 2.1700 +0.4200
Entry Signal

MarketClub’s Trade Triangles for MLGO

long term down The long-term trend has been DOWN since Jul 29th, 2024 at 1.6000

intermediate term down The intermediate-term trend has been DOWN since Dec 10th, 2024 at 0.1643

short term down The short-term trend has been DOWN since Dec 26th, 2024 at 1.6900

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
1.7700 2.3200 1.6556 2.1700 +0.4200
Prev. Close Volume Bid Ask Time
1.7500 4243496 2024-12-26 14:50:18
52wk High509.652wk High Date2024-06-27
52wk Low1.6952wk Low Date2024-12-24
Average Volume1,673,551Shares Outstanding219
Assets766,786,239MLiabilities225,328,513M
P/E Ratio-23.07690000
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