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Big movements in Camber Energy, Inc. stock price on Friday moving 22.69% between high and low

StockInvest.us, 1 month ago

Camber Energy, Inc.

The Camber Energy, Inc. stock price gained 7.87% on the last trading day (Friday, 15th Oct 2021), rising from $1.27 to $1.37. During the day the stock fluctuated 22.69% from a day low at $1.19 to a day high of $1.46. The price has fallen in 8 of the last 10 days and is down by -57.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 84 million more shares were traded than the day before. In total, 202 million shares were bought and sold for approximately $276.35 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.14 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 104.28% during the next 3 months and, with a 90% probability hold a price between $2.33 and $8.55 at the end of this 3-month period.

Camber Energy, Inc.

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Camber Energy, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.52 and $1.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, September 30, 2021, and so far it has fallen -64.14%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

On the downside, the stock finds support just below today's level from accumulated volume at $1.30 and $1.27.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $1.27 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.27 between high and low, or 22.69%. For the last week, the stock has had a daily average volatility of 18.71%.

The Camber Energy, Inc. stock holds several negative signals and despite the positive trend, we believe Camber Energy, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Check full Camber Energy, Inc. forecast and analysis here.