Volatile ride for Camber Energy, Inc. stock price on Wednesday moving between $0.68 and $0.87

The Camber Energy, Inc. stock price gained 19.00% on the last trading day (Wednesday, 13th Apr 2022), rising from $0.69 to $0.82. During the day the stock fluctuated 27.75% from a day low at $0.68 to a day high of $0.87. The price has fallen in 7 of the last 10 days and is down by -6.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 million more shares were traded than the day before. In total, 58 million shares were bought and sold for approximately $47.39 million.

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 $0.70 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 33.79% during the next 3 months and, with a 90% probability hold a price between $0.93 and $1.93 at the end of this 3-month period.

A buy signal was issued from a pivot bottom point on Tuesday, April 12, 2022, and so far it has risen 19.00%. Further rise is indicated until a new top pivot has been found. 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. The Camber Energy, Inc. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.85. On a fall, the stock will find some support from the short-term average at $0.77. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Camber Energy, Inc. finds support from accumulated volume at $0.78 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 $0.19 between high and low, or 27.75%. For the last week, the stock has had a daily average volatility of 12.37%.

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.