Volatile ride for Vision Energy Corporation stock price on Friday moving between $15.00 and $17.99

The Vision Energy Corporation stock price fell by -16.30% on the last day (Friday, 30th Dec 2022) from $20.31 to $17.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 19.93% from a day low at $15.00 to a day high of $17.99. The price has risen in 7 of the last 10 days and is up by 5.46% over the past 2 weeks. 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 -239 thousand shares and in total, 594 thousand shares were bought and sold for approximately $10.09 million.

The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $20.75. A reaction back to this level may hold a second chance to get out before further falls.

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. On corrections up, there will be some resistance from the lines at $21.06 and $18.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, December 28, 2022, and so far it has fallen -34.08%. Further fall is indicated until a new bottom pivot has been found. 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 $16.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.99 between high and low, or 19.93%. For the last week the stock has had daily average volatility of 21.28%.

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.