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Churchill Capital Corp VII (NYSE: CVII): What’s Next In 2022?

Churchill Capital Corp VII (NYSE:CVII) shares, rose in value on Thursday, August 04, with the stock price down by 0.00% to the previous day’s close as strong demand from buyers drove the stock to $9.80.

Actively observing the price movement in the recent trading, the stock is buoying the session at $9.80, falling within a range of $9.78 and $9.81. Referring to stock’s 52-week performance, its high was $9.88, and the low was $9.64. On the whole, CVII has fluctuated by 0.31% over the past month.

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Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CVII’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 75% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CVII currently trading nearly 0.11% and 0.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.77, while the 7-day volatility ratio is showing 0.36% which for the 30-day chart, stands at 0.25%. Furthermore, Churchill Capital Corp VII (CVII)’s average true range (ATR) is 0.03.

Data on historical trading for Churchill Capital Corp VII (NYSE:CVII) indicates that the trading volumes over the past 10 days have averaged 2.06 million and over the past 3 months, they’ve averaged 943.34K. According to company’s latest data on outstanding shares, there are 172.50 million shares outstanding.

Churchill Capital Corp VII’s shares belong to company insiders and institutional investors own 81.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 47070.0 shares as on Jul 14, 2022, resulting in a short ratio of 0.14. According to the data, the short interest in Churchill Capital Corp VII (CVII) stood at 0.03% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 45430.0. The stock has fallen by -0.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CVII stock heading into the next quarter.

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