Since the stock is closer to the resistance from accumulated volume at $102.24 If Chesapeake Energy Corporation takes out the full calculated possible swing range there will be an estimated 8.77% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$4.47 (+/-4.39%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Friday 14thįor the upcoming trading day on Friday, 14th we expect Chesapeake Energy Corporation to open at $100.83, and during the day (based on 14 day Average True Range), There is a sell signal from a pivot top found 21 days ago.) (This stock has medium daily movements and this gives medium risk. For the last week, the stock has had daily average volatility of 5.31%. During the last day, the stock moved $4.42 between high and low, or 4.51%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. Support, Risk & Stop-lossĬhesapeake Energy Corporation finds support from accumulated volume at $100.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Wednesday, September 14, 2022, and so far it has fallen -2.49%. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). A breakdown below any of these levels will issue sell signals. On corrections down, there will be some support from the lines at $100.04 and $99.58. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. The Chesapeake Energy Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock.

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