High volatility in Vision Energy Corporation stock price on Wednesday which ended trading at $12.35

The Vision Energy Corporation stock price fell by -5.29% on the last day (Wednesday, 18th Jan 2023) from $13.04 to $12.35. During the last trading day the stock fluctuated 13.76% from a day low at $11.85 to a day high of $13.48. The price has risen in 6 of the last 10 days but is still down by -36.44% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 379 thousand shares were bought and sold for approximately $4.68 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.65 is broken, it will firstly indicate a stronger fall rate.Given the current short-term trend, the stock is expected to fall -8.36% during the next 3 months and, with a 90% probability hold a price between $8.85 and $22.60 at the end of this 3-month period.

A buy signal was issued from a pivot bottom point on Wednesday, January 11, 2023, and so far it has risen 23.50%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vision Energy Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.22 and $17.58. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Vision Energy Corporation finds support from accumulated volume at $12.20 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.63 between high and low, or 13.76%. For the last week, the stock has had daily average volatility of 34.24%.

Vision Energy Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.