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Volatile ride for Camber Energy, Inc. stock price on Tuesday moving between $1.03 and $3.22

StockInvest.us, 10 months ago

Camber Energy

The Camber Energy, Inc. stock price fell by -50.49% on the last day (Tuesday, 5th Oct 2021) from $3.09 to $1.53. and has now fallen 4 days in a row. During the day the stock fluctuated 212.62% from a day low at $1.03 to a day high of $3.22. The price has risen in 6 of the last 10 days, but is still down by -4.38% for this period. Volume has increased on the last day by 593 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 805 million shares were bought and sold for approximately $1.23 billion.

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 $1.32 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 125.85% during the next 3 months and, with a 90% probability hold a price between $2.98 and $8.86 at the end of this 3-month period.

Camber Energy

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 $3.01. On a fall, the stock will find some support from the long-term average at approximately $1.41. 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 month 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 30, 2021, and so far it has fallen -59.95%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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 $2.19 between high and low, or 212.62%. For the last week, the stock has had a daily average volatility of 70.18%.

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 forecast and analysis here.