Big movements in Camber Energy, Inc. stock price on Friday moving 26.52% between high and lowStockInvest.us, 3 weeks ago
The Camber Energy, Inc. stock price gained 7.37% on the last trading day (Friday, 24th Sep 2021), rising from $1.90 to $2.04. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 26.52% from a day low at $1.81 to a day high of $2.29. The price has risen in 6 of the last 10 days and is up by 34.21% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 million more shares were traded than the day before. In total, 309 million shares were bought and sold for approximately $629.37 million.
Given the current short-term trend, the stock is expected to rise 91.1% during the next 3 months and, with a 90% probability hold a price between $1.39 and $3.90 at the end of this 3-month period.
Mostly positive signals in the chart today. The Camber Energy, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.71 and $0.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 495.79%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
On the downside, the stock finds support just below today's level from accumulated volume at $1.90 and $1.72.There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Camber Energy, Inc. finds support just below today's level at $1.90. If this is broken, then the next support from accumulated volume will be at $1.72 and $1.58.
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 $0.48 between high and low, or 26.52%. For the last week, the stock has had a daily average volatility of 20.48%.
Camber Energy, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.Check full Camber Energy, Inc. forecast and analysis here.