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Camber Energy, Inc. Stock Forecast NYSE:CEI

$1.72 (4.88%)

Volume: 270M

Closed: September 16, 2021

Score: 6.938

Camber Energy, Inc. Stock Forecast

$1.72 (4.88%)

Volume: 270M

Closed: September 16, 2021

Score 6.938
Which way will CEI go? Request
Stop-loss: $1.66 (-3.22%)
Key Stats
P/E Ratio -13.54
Beta 2.56
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 80 ] RSI14 is 89 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected over the next couple of days.

Volatile ride for Camber Energy, Inc. stock price on Thursday moving between $1.56 and $1.87
(Updated on September 16, 2021)


Buy or Hold candidate since 2021-09-02 Gain 145.71%

The Camber Energy, Inc. stock price gained 4.88% on the last trading day (Thursday, 16th Sep 2021), rising from $1.64 to $1.72. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 19.87% from a day low at $1.56 to a day high of $1.87. The price has risen in 9 of the last 10 days and is up by 162.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 million more shares were traded than the day before. In total, 270 million shares were bought and sold for approximately $463.96 million.

Given the current short-term trend, the stock is expected to rise 31.18% during the next 3 months and, with a 90% probability hold a price between $0.61 and $2.26 at the end of this 3-month period.

Signals & Forecast

Mostly positive signals in the chart today. The Camber Energy, Inc. stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.45 and $0.68. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, August 19, 2021, and so far it has risen 402.34%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $1.58 and $1.52. 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 $1.52 and $1.30.

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 $0.31 between high and low, or 19.87%. For the last week, the stock has had a daily average volatility of 23.35%.

The Camber Energy, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $1.66 (-3.22%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)

Is Camber Energy, Inc. stock A Buy?

Camber Energy, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 6.938

Predicted Opening Price for Camber Energy, Inc. of Friday, September 17, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price September 17, 2021 Current price
$1.72 $1.72 (Overvalued)
Strong Buy Candidate Unchanged

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Volatility and Risk
Daily Average Volatility: 23.35 %
Overall Risk: Very High High Medium Low Very Low
Volatility
23.35 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

No Resistance Found
Price: $1.72
Support: $1.58

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 2.03 17.83 %
1.91 10.94 %
1.84 6.69 %
Current price: 1.72
Support 1.60 -7.08 %
1.53 -11.33 %
1.41 -18.22 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 1.72
Support 1.58 -8.14%
1.52 -11.63%
1.30 -24.42%

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