High volatility in Camber Energy, Inc. stock price on Friday which ended trading at $1.52StockInvest.us, 4 months ago
The Camber Energy, Inc. stock price gained 16.92% on the last trading day (Friday, 10th Sep 2021), rising from $1.30 to $1.52. , and has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 22.06% from a day low at $1.36 to a day high of $1.66. The price has risen in 9 of the last 10 days and is up by 234.21% 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, 132 million more shares were traded than the day before. In total, 383 million shares were bought and sold for approximately $582.13 million.
Given the current horizontal trend, you can expect Camber Energy, Inc. stock with a 90% probability to be traded between $0.35 and $1.54 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.
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 $1.00 and $0.55. 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 343.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months 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 $1.30.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0 may give a huge drop in the stock price.
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 $0.30 between high and low, or 22.06%. For the last week, the stock has had a daily average volatility of 30.69%.
The Camber Energy, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.Since the Camber Energy, Inc. has been rising for 8 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Camber Energy, Inc. holds several positive signals and is considered to be a good choice at current levels. We expect the Camber Energy, Inc. stock to perform great in the short-term period.We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.Check full Camber Energy, Inc. forecast and analysis here.