CAMBER ENERGY INC.

Open:	-
Change:	-
Volume:	-

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

Type:	Stocks
Ticker:	CEI
ISIN:

CAMBER ENERGY INC. - 1H - Technical analysis published on 10/16/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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CAMBER ENERGY INC. Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 0.400 USD

My targets

0.463 USD (+4.68%)

0.506 USD (+14.55%)

My analysis

CAMBER ENERGY INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.400 USD. The next resistance located at 0.463 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.506 USD. After this resistance, buyers could then target 0.611 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

9.1

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 0.442 USD. The price registered an increase of +5.49% on the session with the lowest point at 0.363 USD and the highest point at 0.448 USD. The deviation from the price is +21.76% for the low point and -1.34% for the high point.

0.363

0.448

0.442

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of CAMBER ENERGY INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 17 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal resistance

Type : Bearish

Timeframe : 1 hour

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.302	0.364	0.400	0.442	0.611	1.210	1.788
Change (%)	-31.67%	-17.65%	-9.50%	-	+38.24%	+173.76%	+304.52%
Change	-0.140	-0.078	-0.042	-	+0.169	+0.768	+1.346
Level	Intermediate	Minor	Intermediate	-	Minor	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.260	0.296	0.358	0.394	0.456	0.492	0.554
Camarilla	0.392	0.401	0.410	0.419	0.428	0.437	0.446
Woodie	0.272	0.303	0.370	0.401	0.468	0.499	0.566
Fibonacci	0.296	0.334	0.357	0.394	0.432	0.455	0.492

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.225	0.268	0.344	0.387	0.463	0.506	0.582
Camarilla	0.386	0.397	0.408	0.419	0.430	0.441	0.452
Woodie	0.241	0.276	0.360	0.395	0.479	0.514	0.598
Fibonacci	0.268	0.314	0.342	0.387	0.433	0.461	0.506

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.055	0.077	0.154	0.286	0.363	0.495	0.572
Camarilla	0.173	0.192	0.211	0.230	0.249	0.268	0.288
Woodie	-0.084	0.063	0.126	0.272	0.335	0.481	0.544
Fibonacci	0.077	0.157	0.207	0.286	0.366	0.416	0.495

Numerical data

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

Technical indicators

Moving averages

RSI (14):	69.43
MACD (12,26,9):	0.0260
Directional Movement:	25.500
AROON (14):	85.714
DEMA (21):	0.417
Parabolic SAR (0,02-0,02-0,2):	0.355
Elder Ray (13):	0.034
Super Trend (3,10):	0.362
Zig ZAG (10):	0.439
VORTEX (21):	1.1050
Stochastique (14,3,5):	89.11
TEMA (21):	0.431
Williams %R (14):	-2.86
Chande Momentum Oscillator (20):	0.089
Repulse (5,40,3):	7.3060
ROCnROLL:	1
TRIX (15,9):	0.7220
Courbe Coppock:	54.63

MA7:	0.361
MA20:	0.304
MA50:	0.397
MA100:	0.638
MAexp7:	0.419
MAexp20:	0.387
MAexp50:	0.352
MAexp100:	0.329
Price / MA7:	+22.44%
Price / MA20:	+45.39%
Price / MA50:	+11.34%
Price / MA100:	-30.72%
Price / MAexp7:	+5.49%
Price / MAexp20:	+14.21%
Price / MAexp50:	+25.57%
Price / MAexp100:	+34.35%

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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