The stock of Churchill Capital Corp III (NYSE:CCXX) is now priced at $10.93 and the shares are 0.12 points up or 1.11% higher compared to its previous closing price of $10.81. The stock had 587136 contracts set over the past session. CCXX shares’ daily volume is compared to its average trading volume at 260888 shares. However, it has a float of 0 million and although its performance was 5.3% over the week, it’s one to watch. CCXX share price recently placing at $10.81 to $11.05.

The shorts are running away from the Churchill Capital Corp III stock, with the latest data on short interest released on June 15, 2020, showing that short interest numbers in the CCXX shares have declined. Short interest in the stock represents just 0% of its float, but the volume has dropped by 0. The volume of shorted shares dropped to from shares over the last two weeks. The average intraday trading volume has been shares, which means that days to cover moved to roughly.

Looking at current readings, Churchill Capital Corp III’s two-week RSI is 77.16. This suggests that the stock is oversold at the moment and that CCXX shares’ price movement remains not stable. The stochastic readings are equally revealing at 52.14% meaning the CCXX share price is currently in neutral territory.

The technical chart shows that the CCXX stock will likely settle at between $11.05 and $11.17 per share. However, if the stock dips below $10.81, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $10.69.

Currently, the stock is trading in the green of MACD, with a reading of 0.33. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.

The stocks P/S ratio currently stands below the group’s average of 504.4. Churchill Capital Corp III is currently trading at a discount relative to the 1.7 industry average.

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