EUDA Pushes Toward $2.19 High After Technical Rebound
$EUDA Health Holdings Limited(EUDA)$
EUDA Soared +41.18%: Reclaims Pivot, Testing $2.19 High on Heavy Volume
Latest Close Data
Closed at $1.92 on Dec 24, surging +41.18%. The stock remains 59% below its 52-week high of $4.70.
Core Market Drivers
The significant intraday volatility (+58.82%) and massive 15.46x volume ratio suggest a strong technical breakout or a potential short squeeze, as recent short interest data shows elevated levels. No specific company news was reported today.
Technical Analysis
The explosive volume confirms the bullish move.
RSI(6) at 40.25 has rebounded sharply from an oversold reading of 21.57 two days prior, indicating strong momentum recovery.
MACD remains negative but its histogram turned positive yesterday, hinting at a potential bullish crossover.
Key Price Levels
Primary Support: $1.85 (Previous resistance turned support).
Strong Resistance: $2.19 (Today's high and immediate test level).
Immediate Pivot: $1.92 (Today's close, crucial for continuation).
Valuation Perspective
P/E (TTM) is 265.34 and P/S is 13.82, both significantly elevated, indicating the market is pricing in high future growth expectations for this healthcare tech firm.
Analyst Targets
1 analyst covers the stock with a "Buy" rating and a consensus price target of $6.00, implying over 212% upside from the current price.
Weekly Outlook
Expect consolidation between $1.85 and $2.19 in the near term. A sustained break above $2.19 could target the $2.50-$2.75 zone. Failure to hold $1.85 may see a retest of $1.39.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Trading involves substantial risk. Past performance does not guarantee future results. Please conduct your own research.
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