Big movements in Camber Energy, Inc. stock price on Wednesday moving 18.90% between high and lowStockInvest.us, 2 months ago
The Camber Energy, Inc. stock price gained 29.73% on the last trading day (Wednesday, 17th Nov 2021), rising from $1.11 to $1.44. , 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 18.90% from a day low at $1.27 to a day high of $1.51. The price has fallen in 6 of the last 10 days, but is still up by 15.2% 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, 233 million more shares were traded than the day before. In total, 273 million shares were bought and sold for approximately $392.71 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 $0.94 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 17.23% during the next 3 months and, with a 90% probability hold a price between $1.10 and $4.86 at the end of this 3-month period.
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. 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 $1.53. On a fall, the stock will find some support from the short-term average at $1.16. 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 -62.30%. Further fall is indicated until a new bottom pivot has been found.
Camber Energy, Inc. finds support from accumulated volume at $1.39 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 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 $0.24 between high and low, or 18.90%. For the last week, the stock has had a daily average volatility of 10.89%.
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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.Check full Camber Energy, Inc. forecast and analysis here.