HOLO Plunges 29.03% to 2024 Low on Selling Pressure

MicroCloud Hologram Inc. (HOLO) shares plummeted 29.03% intraday, marking its lowest level since October 2024, with a cumulative decline of 34.42% over the past six days.

Technical analysis indicators suggest that HOLO is currently experiencing significant selling pressure. The stock is trading below its 5, 20, and 50-day exponential moving averages, with key indicators such as the Moving Average Convergence Divergence (MACD) at -0.14 and the Relative Strength Index (RSI) at 34.78, both pointing to an oversold condition. Additionally, the Bollinger Bands are signaling a sell, further reinforcing the bearish sentiment.

The current stock price of $0.62 is notably below several key moving averages, including the 8-day SMA at 0.75, the 20-day SMA at 0.85, the 50-day SMA at 1.14, and the 200-day SMA at 5.15. These technical indicators collectively suggest a strong sell signal for HOLO.

Overall, the technical analysis and market sentiment indicate that HOLO is a high-risk investment, with a score significantly below its historic median. This bearish outlook is further supported by the recent financial performance, which saw a surge of over 40% following strong financial results reported on March 21, 2025. However, the subsequent decline suggests that investors may be reassessing the company's prospects in light of recent market conditions.