Stronger technical forecast for Camber Energy stock price after Thursday trading.
(Updated on Jun 30, 2022)
Sell candidate since 2022-04-22 Loss -51.90% PDF
The Camber Energy stock price gained 1.87% on the last trading day (Thursday, 30th Jun 2022), rising from $0.39 to $0.40. During the day the stock fluctuated 10.00% from a day low at $0.38 to a day high of $0.42. The price has fallen in 7 of the last 10 days and is down by -19.51% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 20 million shares were bought and sold for approximately $7.93 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.38 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -41.61% during the next 3 months and, with a 90% probability hold a price between $0.22 and $0.39 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 29, 2022, and so far it has risen 1.87%. 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 stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.42 and $0.58. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
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 $0.0381 between high and low, or 10.00%. For the last week, the stock has had a daily average volatility of 6.94%.
Camber Energy is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Friday 1st
For the upcoming trading day on Friday 1st we expect Camber Energy, Inc. to open at $0.40, and during day (based on 14 day Average True Range), to move between $0.35 and $0.44, which gives a possible trading interval of +/-$0.0426 (+/-10.72%) up or down from last closing price. If Camber Energy, Inc. takes out the full calculated possible swing range there will be an estimated 21.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.39 (1.84%) than the resistance at $0.47 (18.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Camber Energy, Inc. stock A Buy?
Camber Energy holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.421Sell Candidate Upgraded
Predicted Opening Price for Camber Energy, Inc. of Friday, July 1, 2022
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price July 1, 2022||Current price|
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