Smart Logistics Global Limited (NASDAQ:SLGB) stock is trading higher on Wednesday, with a session volume of 63.12 million compared to the average volume of 488.79 thousand, as per data from Benzinga Pro.

Although there is no news to justify the stock movement.

Smart Logistics Global is a Hong Kong-based business-to-business contract logistics solution provider.

In early January, the company announced the establishment of its Northern Supply Chain Center in Xuzhou, which aims to enhance its B2B logistics capabilities by integrating modern warehousing and transportation systems.

This center will support clients in bulk industrial materials and features a new-energy vehicle fleet for efficient operations.

Additionally, the new hub complements the existing Southern Center in Jiangxi Province, creating a balanced national logistics backbone that improves operational resilience and cross-regional coordination. CEO Hue Kwok Chiu emphasized that this expansion directly supports client growth in key industrial regions.

SLGB’s Strong Technical Performance Indicators And Valuation

Smart Logistics stock is currently trading 184.9% above its 20-day simple moving average (SMA) and 110.2% above its 50-day SMA, indicating a strong short-term performance.

Over the past 12 months, shares have decreased by 76.70% and are currently positioned closer to their 52-week lows than highs, reflecting a significant decline from previous levels.

The RSI is at 45.39, which is considered neutral territory, suggesting that the stock is neither overbought nor oversold. Meanwhile, MACD is above its signal line, indicating bullish momentum, which could support further price increases.

The combination of neutral RSI and bullish MACD suggests mixed momentum.

• Key Resistance: $6.00
• Key Support: $1.00
• Valuation: P/E of 26.6x (Indicates premium valuation)

SLGB Price Action: Smart Logistics Global shares were up 190.39% at $3.63 during premarket trading on Wednesday, according to Benzinga Pro data.

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