Kosmos Energy seeks a bottom to bolster it higher - Analysis - 14-06-2022

2022-06-14 11:47:10 GMT (Economies.com)
 

Kosmos Energy's stock (KOS) declined in a volatile session off four-year highs as oil prices declined once more on recession concerns , while Berenberg downgraded the stock's standing to hold from buy, marking a loss of 8.25%, or 66 cents, and settling at 7.34, with trading volumes surpassing 9.6 million shares, nearly a million shares above 10-day averages. 

 

The stock is declining amid negative signals from the RSI after reaching overbought levels, while seeking a bottom to bounce it higher anew, amid the dominance of the main upward trend in the short term, leaning thereafter on the support of the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 8.36, provided the support of 6.00 holds on.

 

Trade US Stocks with 1:50 leverage

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.0172
-0.0046
0.4541%
1.2108
0.0003
0.0285%
20.098
-0.152
0.751%
86.781
-0.480
0.550%
92.34
-2.76
2.90%
1775.075
-6.610
0.371%
 
 
News Today