Everbright Digital Holding Ltd (EDHL) is a good investment, but the stock may be overvalued

Cameron Mitchell

While Everbright Digital Holding Ltd has overperformed by 43.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EDHL fell by -86.97%, with highs and lows ranging from $6.88 to $0.36, whereas the simple moving average fell by -74.07% in the last 200 days.

An average volume of 2.21M can be a very valuable indicator of volatility for EDHL stock. On a monthly basis, the volatility of the stock is set at 18.81%, whereas on a weekly basis, it is put at 42.37%, with a loss of -37.29% over the past seven days.

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