Volatile ride for Vision Energy Corporation stock price on Thursday moving between $18.75 and $21.20

The Vision Energy Corporation stock price gained 0.684% on the last trading day (Thursday, 5th Jan 2023), rising from $20.48 to $20.62. It has now gained 4 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 13.07% from a day low at $18.75 to a day high of $21.20. The price has risen in 8 of the last 10 days and is up by 13.62% over the past 2 weeks. Volume fell on the last day by -334 thousand shares and in total, 272 thousand shares were bought and sold for approximately $5.61 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 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 31.12% during the next 3 months and, with a 90% probability hold a price between $23.72 and $36.20 at the end of this 3-month period.

The Vision Energy Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $21.03. On a fall, the stock will find some support from the long-term average at approximately $18.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, December 30, 2022, and so far it has risen 21.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.

Vision Energy Corporation finds support from accumulated volume at $20.48 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 $2.45 between high and low, or 13.07%. For the last week the stock has had daily average volatility of 25.04%.

Vision 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.