Big movements in Camber Energy, Inc. stock price on Monday moving 18.45% between high and lowStockInvest.us, 1 month ago
The Camber Energy, Inc. stock price gained 13.17% on the last trading day (Monday, 21st Mar 2022), rising from $0.83 to $0.94. During the day the stock fluctuated 18.45% from a day low at $0.86 to a day high of $1.02. The price has fallen in 6 of the last 10 days and is down by -26.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 63 million more shares were traded than the day before. In total, 134 million shares were bought and sold for approximately $125.87 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Camber Energy, Inc. stock with a 90% probability to be traded between $0.47 and $1.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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 $0.86 and $0.71. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 07, 2022, and so far it has fallen -26.56%. Further fall is indicated until a new bottom pivot has been found.
On the downside, the stock finds support just below today's level from accumulated volume at $0.88 and $0.78.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 $0.88. If this is broken, then the next support from accumulated volume will be at $0.78 and $0.75.
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 $0.16 between high and low, or 18.45%. For the last week, the stock has had a daily average volatility of 14.97%.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Camber Energy, Inc. stock to perform well in the short-term period.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.Check full Camber Energy, Inc. forecast and analysis here.