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Big movements in Camber Energy, Inc. stock price on Tuesday moving 37.88% between high and low

StockInvest.us, 3 months ago

Camber Energy, Inc.

The Camber Energy, Inc. stock price gained 21.58% on the last trading day (Tuesday, 19th Oct 2021), rising from $1.39 to $1.69. , and has now gained 4 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 37.88% from a day low at $1.32 to a day high of $1.82. The price has fallen in 6 of the last 10 days, but is still up by 10.46% 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, 276 million more shares were traded than the day before. In total, 372 million shares were bought and sold for approximately $628.23 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 $1.20 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 98.16% during the next 3 months and, with a 90% probability hold a price between $2.39 and $8.42 at the end of this 3-month period.

Camber Energy, Inc.

There are mixed signals in the stock today. The Camber Energy, Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $1.71. On a fall, the stock will find some support from the short-term average at $1.46. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, September 30, 2021, and so far it has fallen -55.76%. 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). 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 $1.58 and $1.53.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 $1.58. If this is broken, then the next support from accumulated volume will be at $1.53 and $1.52.

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 $0.50 between high and low, or 37.88%. For the last week, the stock has had a daily average volatility of 19.25%.

Camber Energy, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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