![]() ![]() ![]() finds support just below today's level at $7.86. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. On the downside, the stock finds support just below today's level from accumulated volume at $7.86 and $7.37. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Monday, August 15, 2022, and so far it has fallen -23.96%. ![]() A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. On a fall, the stock will find some support from the short-term average at $7.83. On further gains, the stock will meet resistance from the long-term moving average at $8.62. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. stock holds a buy signal from the short-term moving average at the same time, however, the long-term average holds a general sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. This causes a divergence between volume and price and it may be an early warning. Volume fell during the last trading day despite gaining prices. ![]()
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