Camber Energy Stock Forecast
High volatility in Camber Energy stock price on Wednesday which ended trading at $0.169
(Updated on Apr 24, 2024)
The Camber Energy stock price fell by -4.26% on the last day (Wednesday, 24th Apr 2024) from $0.176 to $0.169. During the last trading day the stock fluctuated 11.36% from a day low at $0.160 to a day high of $0.178. The price has fallen in 6 of the last 10 days and is down by -15.75% for this period. 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 -1 million shares and in total, 4 million shares were bought and sold for approximately $625.48 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.165 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 9.71% during the next 3 months and, with a 90% probability hold a price between $0.181 and $0.259 at the end of this 3-month period.
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CEI Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.74%. Further rise is indicated until a new top pivot has been found. 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 $0.173 and $0.198. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Camber Energy stock
Camber Energy finds support from accumulated volume at $0.166 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0182 between high and low, or 11.36%. For the last week the stock has had daily average volatility of 11.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CEI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Camber Energy, Inc. to open at $0.169, and during the day (based on 14 day Average True Range), to move between $0.146 and $0.191, which gives a possible trading interval of +/-$0.0220 (+/-13.06%) up or down from last closing price. If Camber Energy, Inc. takes out the full calculated possible swing range there will be an estimated 26.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.166 (1.25%) than the resistance at $0.172 (2.08%), 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?
The Camber Energy stock holds several negative signals and despite the positive trend, we believe Camber Energy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.491 Sell Candidate Unchanged
Predicted Opening Price for Camber Energy, Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.169 ( 0.317%) | $0.169 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.187 | 11.12 % | |
| R2 | 0.180 | 6.99 % | ||
| R1 | 0.176 | 4.44 % | ||
| Current price: | 0.169 | |||
| Support | S1 | 0.162 | -3.81 % | |
| S2 | 0.158 | -6.36 % | ||
| S3 | 0.151 | -10.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.205 | 21.60 % | |
| R2 | 0.204 | 21.01 % | ||
| R1 | 0.172 | 2.08 % | ||
| Current price | 0.169 | |||
| Support | S1 | 0.166 | -1.25% | |
| S2 | 0.164 | -2.67% | ||
| S3 | 0.160 | -5.34% |
FAQ
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