Volatile ride for Vision Energy Corporation stock price on Monday moving between $0.770 and $6.71

The Vision Energy Corporation stock price fell by -91.91% on the last day (Monday, 23rd Jan 2023) from $11.00 to $0.89. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 771.43% from a day low at $0.770 to a day high of $6.71. The price has fallen in 6 of the last 10 days and is down by -95.38% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $1.38 million.

Given the current short-term trend, the stock is expected to fall -24.22% during the next 3 months and, with a 90% probability hold a price between $0.674 and $16.61 at the end of this 3-month period.

There are few to no technical positive signals at the moment. 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 $10.37 and $16.62. 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 -96.55%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Vision Energy Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $5.94 between high and low, or 771.43%. For the last week, the stock has had daily average volatility of 165.07%.

Vision Energy Corporation is oversold on RSI14 (25). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.