Strong day for Churchill Capital Corp IV stock price on Monday rising 5.09% to $26.85StockInvest.us, 1 year ago
The Churchill Capital Corp IV stock price gained 5.09% on the last trading day (Monday, 12th Jul 2021), rising from $25.55 to $26.85. , 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 6.57% from a day low at $25.71 to a day high of $27.40. The price has fallen in 6 of the last 10 days, but is still up by 6.63% 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, 5 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately $336.07 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 34.75% during the next 3 months and, with a 90% probability hold a price between $29.90 and $40.00 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. 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 $26.29 and $24.19. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Wednesday, June 30, 2021, and so far it has fallen -6.84%. Further fall is indicated until a new bottom pivot has been found.
Churchill Capital Corp IV finds support from accumulated volume at $26.50 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 $1.69 between high and low, or 6.57%. For the last week, the stock has had a daily average volatility of 6.89%.
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.Check full Churchill Capital Corp IV forecast and analysis here.