DEXWireNews

YGMZ trading ideas and stocks volatility

Long
NASDAQ:YGMZ   MingZhu Logistics Holdings Limited
YGMZ has a beta of 1.32, meaning it tends to be more sensitive to market movements. YGMZ has a correlation of 0.02 to the broad based SPY ETF.
As of October 13, 2023, YGMZ stock price climbed to $0.45 with 75,309 million shares trading. Showing massive returns for investors.

YGMZ has underperformed the market in the last year with a price return of -76.2% while the SPY ETF gained +19.7%. YGMZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -50.0% and -5.4%, respectively, while the SPY returned -3.7% and +0.9%, respectively.

YGMZ support price is $.39 and resistance is $.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that YGMZ stock will trade within this expected range on the day.

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