Volatile ride for Camber Energy, Inc. stock price on Monday moving between $1.36 and $1.69StockInvest.us, 3 weeks ago
The Camber Energy, Inc. stock price fell by -8.28% on the last day (Monday, 20th Sep 2021) from $1.69 to $1.55. and has now fallen 3 days in a row. During the day the stock fluctuated 24.26% from a day low at $1.36 to a day high of $1.69. The price has risen in 7 of the last 10 days and is up by 87.4% 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, 142 million shares were bought and sold for approximately $220.67 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $1.74 will firstly indicate a stronger rate of rising.Given the current short-term trend, the stock is expected to rise 51.22% during the next 3 months and, with a 90% probability hold a price between $0.81 and $2.63 at the end of this 3-month period.
The Camber Energy, Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.58. On a fall, the stock will find some support from the long-term average at approximately $0.75. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months 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 Thursday, September 16, 2021, and so far it has fallen -9.88%. 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 $1.52 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 $0.33 between high and low, or 24.26%. For the last week, the stock has had a daily average volatility of 21.91%.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Camber Energy, Inc. stock to perform well in the short-term.Check full Camber Energy, Inc. forecast and analysis here.