CAMBER ENERGY INC.

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CEI
ISIN:

CAMBER ENERGY INC. - Daily - Technical analysis published on 07/19/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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CAMBER ENERGY INC. Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

50%

17%

33%

My opinion

Bearish under 0.482 USD

My targets

0.372 USD (-10.58%)

0.330 USD (-20.67%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.482 USD remains possible. It is advisable to trade CAMBER ENERGY INC. with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.482 USD. The next bearish objective for sellers is set at 0.372 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.330 USD. In case of crossing, the next objective would be the support located at 0.296 USD. PS: if there is a bullish break in the resistance located at 0.482 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia.

Additional analysis

Quotes

CAMBER ENERGY INC. rating 0.416 USD. The price has increased by +10.05% since the last closing with the lowest point at 0.381 USD and the highest point at 0.420 USD. The deviation from the price is +9.19% for the low point and -0.95% for the high point.

0.381

0.420

0.416

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of CAMBER ENERGY INC. indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.416	0.779	1.047	1.279
Change (%)	-	+87.26%	+151.68%	+207.45%
Change	-	+0.363	+0.631	+0.863
Level	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.351	0.365	0.371	0.385	0.391	0.405	0.411
Camarilla	0.373	0.374	0.376	0.378	0.380	0.382	0.384
Woodie	0.348	0.363	0.368	0.383	0.388	0.403	0.408
Fibonacci	0.365	0.372	0.377	0.385	0.392	0.397	0.405

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.307	0.330	0.349	0.372	0.391	0.414	0.433
Camarilla	0.357	0.360	0.364	0.368	0.372	0.376	0.380
Woodie	0.305	0.329	0.347	0.371	0.389	0.413	0.431
Fibonacci	0.330	0.346	0.356	0.372	0.388	0.398	0.414

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.008	0.194	0.296	0.482	0.584	0.770	0.872
Camarilla	0.318	0.344	0.371	0.397	0.423	0.450	0.476
Woodie	-0.035	0.173	0.253	0.461	0.541	0.749	0.829
Fibonacci	0.194	0.304	0.372	0.482	0.592	0.660	0.770

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	39.24
MACD (12,26,9):	-0.0470
Directional Movement:	-8.544
AROON (14):	-78.571
DEMA (21):	0.345
Parabolic SAR (0,02-0,02-0,2):	0.410
Elder Ray (13):	0.001
Super Trend (3,10):	0.442
Zig ZAG (10):	0.402
VORTEX (21):	0.7770
Stochastique (14,3,5):	39.08
TEMA (21):	0.356
Williams %R (14):	-28.64
Chande Momentum Oscillator (20):	0.003
Repulse (5,40,3):	2.5440
ROCnROLL:	-1
TRIX (15,9):	-1.6830
Courbe Coppock:	20.69

MA7:	0.377
MA20:	0.398
MA50:	0.540
MA100:	0.695
MAexp7:	0.383
MAexp20:	0.414
MAexp50:	0.520
MAexp100:	0.631
Price / MA7:	+10.34%
Price / MA20:	+4.52%
Price / MA50:	-22.96%
Price / MA100:	-40.14%
Price / MAexp7:	+8.62%
Price / MAexp20:	+0.48%
Price / MAexp50:	-20.00%
Price / MAexp100:	-34.07%

Quotes : - 15 min delayed data - NYSE MKT Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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