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High volatility in Camber Energy, Inc. stock price on Monday which ended trading at $1.45

StockInvest.us, 4 days ago

Camber Energy, Inc.

The Camber Energy, Inc. stock price gained 19.83% on the last trading day (Monday, 22nd Nov 2021), rising from $1.21 to $1.45. During the day the stock fluctuated 12.50% from a day low at $1.36 to a day high of $1.53. The price has fallen in 6 of the last 10 days, but is still up by 16% 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, 183 million more shares were traded than the day before. In total, 218 million shares were bought and sold for approximately $315.77 million.

The stock lies in the middle of a very wide and weak 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 7.88% during the next 3 months and, with a 90% probability hold a price between $0.73 and $4.30 at the end of this 3-month period.

Camber Energy, Inc.

The Camber Energy, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.23 and $1.35. 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 Thursday, September 30, 2021, and so far it has fallen -62.04%. Further fall is indicated until a new bottom pivot has been found.

Camber Energy, Inc. finds support from accumulated volume at $1.44 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 $0.17 between high and low, or 12.50%. For the last week, the stock has had a daily average volatility of 13.57%.

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.