CAMBER ENERGY INC (CEI) Stock Technical Analysis
NYSEARCA:CEI - NYSE Arca - US13200M6075 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to CEI. CEI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CEI is a bad performer in the overall market: 98% of all stocks are doing better.
CEI is part of the Electrical Equipment industry. There are 94 other stocks in this industry, of which 87% are performing better than CEI.
CEI is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month CEI has a been trading in the 0.10 - 0.14 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
CEI has an average volume of 7014700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of CEI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.09
0.23
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.23 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CEI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CEI is down. |
| ChartMill Relative Strength | 2.92 | NEGATIVE | CEI has a low relative strength, it was outperformed by 97.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CEI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CEI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CEI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 26.38 | OVERSOLD | The low RSI value suggests CEI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CEI has a negative trend. |
| Stochastics (14,3) | 9.13 | OVERSOLD | The low Stochastics value suggests CEI may be oversold. |
| Average True Range in percent/ATR (20) | 9.24 | HIGH VOLATILITY | The high ATR as a percentage value for CEI suggests high volalility. |
| Average Directional Index/ADX (14) | 17.49 | NEGATIVE | The low ADX value for CEI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:CEI (8/7/2024, 8:05:28 PM)
0.0954
-0.01 (-6.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-6.1%
1 Week-22.69%
2 Weeks-23.06%
1 Month-20.7%
3 Month-42.01%
6 Month-40.63%
12 Month-85.59%
2 Year-99.45%
3 Year-99.62%
5 Year-99.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%9.24%
ATR Inc51.6%
Range Today0.01
ADR(20)0.01
ADR(20)%8.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.92
Mansfield-6.28
10 Day High0.13
10 Day Low0.1
20 Day High0.14
20 Day Low0.1
52 Week High0.66
52 Week Low0.1
CS1 EndN/A
CR1 Start0.12
Volume & EV
DER(3)-6.02%
DER(5)-6.49%
Volume5.43M
Volume Incr33.07%
Vol(5)7.36M
Vol(50)7.01M