On Friday Vision Energy Corporation stock price gained impressive 9.03%

The Vision Energy Corporation stock price gained 9.03% on the last trading day (Friday, 13th Jan 2023), rising from $11.19 to $12.20. It 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 last trading day the stock fluctuated 5.06% from a day low at $11.65 to a day high of $12.24. The price has risen in 6 of the last 10 days but is still down by -39.93% for this period. Volume fell on the last day by -125 thousand shares and in total, 537 thousand shares were bought and sold for approximately $6.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $9.99 will give a strong sell signal and a trend shift may be expected.Given the current horizontal trend, you can expect Vision Energy Corporation stock with a 90% probability to be traded between $9.92 and $25.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

A buy signal was issued from a pivot bottom point on Wednesday, January 11, 2023, and so far it has risen 22.00%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 $16.30 and $17.97. 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).

On the downside, the stock finds support just below today's level from accumulated volume at $11.19 and $10.00.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $10.00 may give a huge drop in the stock price.

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 $0.590 between high and low, or 5.06%. For the last week, the stock has had daily average volatility of 34.29%.

Vision Energy Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.