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Big movements in Camber Energy, Inc. stock price on Thursday moving 13.21% between high and low

StockInvest.us, 5 months ago

Camber Energy

The Camber Energy, Inc. stock price fell by -10.21% on the last day (Thursday, 21st Apr 2022) from $1.02 to $0.91. During the day the stock fluctuated 13.21% from a day low at $0.90 to a day high of $1.02. The price has fallen in 6 of the last 10 days, but is still up by 11.15% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 52 million shares were bought and sold for approximately $47.48 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 40.02% during the next 3 months and, with a 90% probability hold a price between $1.03 and $2.11 at the end of this 3-month period.

Camber Energy

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 $0.90 and $0.89. 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). 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 -28.80%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Camber Energy, Inc. finds support from accumulated volume at $0.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.12 between high and low, or 13.21%. For the last week, the stock has had a daily average volatility of 13.17%.

Camber Energy, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Check full Camber Energy forecast and analysis here.