Volatile ride for Camber Energy, Inc. stock price on Thursday moving between $1.20 and $1.88StockInvest.us, 1 week ago
The Camber Energy, Inc. stock price gained 95.93% on the last trading day (Thursday, 7th Oct 2021), rising from $0.91 to $1.78. During the day the stock fluctuated 56.67% from a day low at $1.20 to a day high of $1.88. The price has risen in 6 of the last 10 days, but is still down by -6.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 515 million more shares were traded than the day before. In total, 937 million shares were bought and sold for approximately $1.67 billion.
The stock lies in the middle of a very wide and strong 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 120.27% during the next 3 months and, with a 90% probability hold a price between $2.08 and $8.79 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 $2.54. On a fall, the stock will find some support from the long-term average at approximately $1.46. 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. 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 -53.40%. 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).
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 $0.68 between high and low, or 56.67%. For the last week, the stock has had a daily average volatility of 73.51%.
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.We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.Check full Camber Energy, Inc. forecast and analysis here.