Will QH surge today

Quhuo (QH) is likely to surge today. Here's the analysis to support this conclusion:

1. Recent Performance: Quhuo has shown a significant bullish trend recently, with a 24.06% increase in its closing price to $1.65 on September 11, 2024. This follows a 372.37% one-week percentage change and a 332.84% one-month percentage change, indicating a strong upward momentum.

2. Technical Indicators:
   • The 5-day moving average is $0.79, and the 10-day moving average is $0.57, suggesting a short-term upward trend.
   • The 30-day moving average is $0.44, and the 50-day moving average is $0.44, which are below the current closing price, indicating a potential bullish signal.

3. Fibonacci Retracement: The 0.382 Fibonacci Retracement over the past year is $2.72, and the 0.618 Fibonacci Retracement is $3.74. The current closing price is below both of these levels, which could imply a potential upward movement.
4. Trading Volume: The 1-week average trading volume is 464.59 million shares, and the 1-month average trading volume is 468.48 million shares, indicating strong investor interest and market activity.

5. Market Sentiment: Despite a recent recovery, Quhuo's stock has still experienced a significant decline over the past year. However, the company's focus on empowering workers and its role in China's growing gig economy suggest potential long-term growth.
6. Short-term Trend Forecast: There is no available information to suggest a bearish trend for today. Combined with the bullish indicators mentioned above, this suggests a likelihood of a surge in Quhuo's stock price today.