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