MicroAlgo(MLGO) surges 2,373.01% on tech developments

MicroAlgo(MLGO) experienced a significant drop of 17.57% over the past five days, marking a notable decline in its stock price. However, the stock has surged by 1868.31% over the past five days, reaching its highest level since April 2025 today, with an intraday gain of 2701.69%.

The strategy of buying MLGO shares after they reach a recent high and selling them one week later resulted in a significant loss. Over the past five years, the strategy yielded a return of -98.73%, underperforming the benchmark by 156.76%. The Sharpe ratio was -0.27, indicating substantial risk, while the maximum drawdown was 0%, reflecting the complete loss of invested capital.

On July 18, 2025, MicroAlgo Inc. (MLGO) faced substantial stock price fluctuations. The stock initially declined by 11.16% in pre-market trading due to bearish technical indicators and high short interest. However, the stock later surged by 2,373.01% during the trading day, driven by tech developments. This dramatic increase led to a temporary halt in trading pending news, with investors advised to await updates. The stock's volatility was evident, with fluctuations between $13.70 and $16.25, and was deemed "high risk" due to its volatile nature. Despite the surge, the stock is currently considered a hold candidate, with buy signals from short and long-term moving averages. However, a correction appears likely due to its overbought status on RSI14, highlighting the high volatility and unpredictability in MLGO's stock movement.