Big movements in Churchill Capital Corp IV stock price on Monday moving 19.37% between high and lowStockInvest.us, 5 months ago
The Churchill Capital Corp IV stock price gained 10.64% on the last trading day (Monday, 26th Jul 2021), rising from $24.25 to $26.83. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 19.37% from a day low at $24.32 to a day high of $29.03. The price has fallen in 7 of the last 10 days and is down by -0.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 million more shares were traded than the day before. In total, 31 million shares were bought and sold for approximately $834.59 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 29.86% during the next 3 months and, with a 90% probability hold a price between $29.57 and $39.94 at the end of this 3-month period.
The Churchill Capital Corp IV stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $23.81 and $24.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 19, 2021, and so far it has risen 20.86%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).
Churchill Capital Corp IV finds support from accumulated volume at $26.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $4.71 between high and low, or 19.37%. For the last week, the stock has had a daily average volatility of 11.67%.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Churchill Capital Corp IV stock to perform well in the short-term.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.Check full Churchill Capital Corp IV forecast and analysis here.