High volatility in CF Acquisition Corp. VI stock price on Wednesday which ended trading at $13.88StockInvest.us, 8 months ago
The CF Acquisition Corp. VI stock price gained 7.26% on the last trading day (Wednesday, 14th Sep 2022), rising from $12.94 to $13.88. It has now gained 4 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 last trading day the stock fluctuated 10.48% from a day low at $12.98 to a day high of $14.34. The price has risen in 6 of the last 10 days and is up by 26.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 811 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $47.46 million.
DA Davidson is very positive about CFVI and gave it a "" rating on Sep 09, 2022. The price target was set to 15.Over the last 90 days, this security got 1 buy, 0 sell, and 0 hold ratings.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $13.55, a level that may pose a second chance to hit a runner. According to fan-theory $16.17 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Mostly positive signals in the chart today. The CF Acquisition Corp. VI stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.76 and $10.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, September 09, 2022, and so far it has risen 15.86%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
CF Acquisition Corp. VI finds support from accumulated volume at $13.35 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 $1.36 between high and low, or 10.48%. For the last week, the stock has had daily average volatility of 9.48%.
CF Acquisition Corp. VI holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.Check full CF Acquisition Corp. VI forecast and analysis here.
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