Red day on Wednesday for Crescent Point Energy Corporation stock after losing 0%

No changes to the price of Crescent Point Energy Corporation stock on the last trading day (Wednesday, 15th Jun 2022). During the day the stock fluctuated 0% from a day low at $9.27 to a day high of $9.27. The price has risen in 5 of the last 10 days and is up by 3.23% over the past 2 weeks.

RBC Capital is very positive about CPG and gave it a "$3.75 - $6.50" rating on Feb 19, 2021. The price target was changed from 3.64 to 0.

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 29.53% during the next 3 months and, with a 90% probability hold a price between $9.71 and $14.15 at the end of this 3-month period.

The Crescent Point Energy Corporation 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 $6.23 and $6.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 14, 2022, and so far it has fallen 0%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

On the downside, the stock finds support just below today's level from accumulated volume at $7.46 and $7.39.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Crescent Point Energy Corporation finds support just below today's level at $7.46. If this is broken, then the next support from accumulated volume will be at $7.39 and $7.35.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had a daily average volatility of 5.28%

Crescent Point Energy Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.