Why Did Uni-Fuels Holdings Class A Shares Soar 11.59%?

Uni-Fuels Holdings Limited Class A Ordinary Shares surged 11.59% in pre-market trading on May 21, 2025, marking a significant rebound after a period of volatility.

Over the past few days, Uni-Fuels Holdings Ltd Class A Ordinary Shares experienced a tumultuous ride, with the stock price fluctuating between $3.80 and $5.11. The stock had fallen by 20.08% on the previous trading day, closing at $4.14, marking the fourth consecutive day of decline. Despite this, the stock has shown a 2.22% gain over the last two weeks, indicating some underlying strength.

The stock's recent performance has been influenced by a mix of technical signals. There is a buy signal from the 3-month Moving Average Convergence Divergence (MACD), but sell signals from both short and long-term moving averages suggest a more negative outlook. The stock finds support at $4.06, which could act as a buying opportunity if tested. However, the high volatility, with daily movements of up to 34.34%, indicates a "high risk" status.

For the upcoming trading day, the stock is expected to open at $4.35 and move within a range of $3.71 to $4.57, offering a potential trading interval of +/-10.44%. Given the stock's proximity to support levels, there is an attractive risk/reward ratio for intra-day trading. However, the overall technical picture suggests a hold or accumulate strategy, with the stock currently rated as a hold candidate.