Churchill Capital Corp Ix Unit Stock Forecast
Evaluation of Churchill Capital Corp Ix Unit stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Churchill Capital Corp Ix Unit stock price fell by -0.197% on the last day (Friday, 28th Jun 2024) from $10.13 to $10.11. During the last trading day the stock fluctuated 0.198% from a day low at $10.11 to a day high of $10.13. The price has risen in 5 of the last 10 days and is up by 0.4% 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 -230 shares and in total, 232 shares were bought and sold for approximately $2.35 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Churchill Capital Corp Ix Unit stock with a 90% probability to be traded between $10.03 and $10.11 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CCIXU Signals & Forecast
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 Churchill Capital Corp Ix Unit 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 $10.12 and $10.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.197%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, June 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, June 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, June 20, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, June 27, 2024 and based on theory for this formation the price should fall by -0.110% to $10.10 within 32 trading days since signal was issued (Tuesday, August 13, 2024).
Support, Risk & Stop-loss for Churchill Capital Corp Ix Unit stock
Churchill Capital Corp Ix Unit finds support from accumulated volume at $10.10 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 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 $0.0200 between high and low, or 0.198%. For the last week the stock has had daily average volatility of 0.0593%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CCIXU) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Churchill Capital Corp Ix Unit to open at $10.12, and during the day (based on 14 day Average True Range), to move between $10.09 and $10.13, which gives a possible trading interval of +/-$0.0222 (+/-0.22%) up or down from last closing price. If Churchill Capital Corp Ix Unit takes out the full calculated possible swing range there will be an estimated 0.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.12 (0.10%) than the support at $10.10 (0.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Churchill Capital Corp Ix Unit stock A Buy?
Churchill Capital Corp Ix Unit holds several negative signals and is within a narrow 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.
Current score: -2.282 Sell Candidate Downgraded
Predicted Opening Price for Churchill Capital Corp Ix Unit of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $10.12 ( 0.0659%) | $10.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCIXU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.14 | 0.264% |
| R2 | 10.13 | 0.188% |
| R1 | 10.12 | 0.142% |
| Price | 10.11 | |
| S1 | 10.11 | -0.0096% |
| S2 | 10.10 | -0.0563% |
| S3 | 10.10 | -0.132% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.16 | 0.495% |
| R2 | 10.13 | 0.198% |
| R1 | 10.12 | 0.0989% |
| Price | 10.11 | |
| S1 | 10.10 | -0.0989% |
| S2 | 10.09 | -0.198% |
| S3 | 10.07 | -0.396% |
FAQ
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