Camber Energy Stock Forecast
Big movements in Camber Energy stock price on Monday moving 18.54% between high and low
(Updated on Apr 22, 2024)
The Camber Energy stock price gained 3.31% on the last trading day (Monday, 22nd Apr 2024), rising from $0.166 to $0.172. During the last trading day the stock fluctuated 18.54% from a day low at $0.151 to a day high of $0.179. The price has fallen in 7 of the last 10 days and is down by -19.37% for this period. Volume fell on the last day by -4 million shares and in total, 8 million shares were bought and sold for approximately $1.37 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $0.165 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 13.07% during the next 3 months and, with a 90% probability hold a price between $0.186 and $0.268 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 4.82%. 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 $0.185 and $0.201. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
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 $0.0280 between high and low, or 18.54%. For the last week the stock has had daily average volatility of 11.62%.
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 Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Camber Energy, Inc. to open at $0.167, and during the day (based on 14 day Average True Range), to move between $0.149 and $0.195, which gives a possible trading interval of +/-$0.0227 (+/-13.22%) up or down from last closing price. If Camber Energy, Inc. takes out the full calculated possible swing range there will be an estimated 26.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.172 (0.06%) than the support at $0.166 (3.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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: -2.291 Sell Candidate Unchanged
Predicted Opening Price for Camber Energy, Inc. of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.167 ( 2.68%) | $0.172 |
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 | 0.195 | 13.61 % | |
| R2 | 0.185 | 7.39 % | ||
| R1 | 0.178 | 3.55 % | ||
| Current price: | 0.172 | |||
| Support | S1 | 0.157 | -8.90 % | |
| S2 | 0.150 | -12.74 % | ||
| S3 | 0.139 | -18.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.205 | 19.20 % | |
| R2 | 0.204 | 18.62 % | ||
| R1 | 0.172 | 0.0582 % | ||
| Current price | 0.172 | |||
| Support | S1 | 0.166 | -3.20% | |
| S2 | 0.164 | -4.60% | ||
| S3 | 0.160 | -7.21% |
FAQ
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