This stock has average movements during the day and with good trading volume, the risk is considered to be medium. Support, Risk & Stop-lossĬhesapeake Granite Wash Trust finds support from accumulated volume at $1.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. The very low volume increases the risk and reduces the other technical signals issued. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". In technical terms, this is called divergence and may be an early warning. Chesapeake Granite Wash Trust gained volume on the last day, but on falling prices. Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Monday, October 24, 2022, and so far it has fallen -5.00%. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. On a fall, the stock will find some support from the long-term average at approximately $1.14. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.18. 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. The Chesapeake Granite Wash Trust 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.
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