Nov 23, 2021 - Jack Dalton
$CEI - Camber Energy Inc. was up a whopping 20% on November 22, 2021, however, is there a way that we could have seen this coming by using Utradea's Social Sentiment Dashboard? That is what I am aiming to find out in this post.
Utradea Social Sentiment Scanner - CEI Data:
By looking at Utradea's social sentiment data, we can see very high posting volumes on Twitter during the night of the 21st and the morning of the 22nd, this was the initial spike in social interest that caught my attention.
Next, we could spot that their changes in posting volume and impressions both increased by over 100%, and the amount of likes these posts were getting skyrocketed 1000%. These metrics support the strong social sentiment of CEI and could have alerted users for a possible breakout, which we witnessed yesterday.
This is further validated by the strong increase in number of impressions. This shows that there were some twitter accounts with large followings tweeting about CEI - so we can assume a large number of people saw these tweets.
Furthermore, we could have crossed reference the data from the Twitter scanner, with the data from the Stocktwits scanner to validate a strong social sentiment. By doing this we can see that there was also high post volume during the weekend, and an explosion in posting this morning and intraday.
Furthermore, the change in posts and impressions in the CEI Stocktwits community 118% and 84% respectively, and their increase in post likes increased by 900%. This is looking to tell the same story as Twitter, and can used as validation that CEI was in fact experiencing strong social sentiment
What Could we have done with this data?
Knowing that CEI was experiencing an unusually bullish social sentiment, and their stock was being seen by a large audience, we could have put it on our watchlist for November 22nd, 2021. Come market open we could have watched for increased volume to validate this social sentiment and ride the hype.
This is exactly what happened come market open on the 22nd as CEI traded 3.5M shares within the first minute of market open. This spike in volume could have confirmed our findings and entering into a position could have been rather profitable ($1.40 entry in the first couple minutes, yielding 5-10% on the day).
The Social Sentiment Dashboard is a great way to see the top trending tickers and keep an eye on stocks and crypto that might be trending. Typically, when there is a large increase in social volume we see a correlation with price movement. It is useful to check out the actual Twitter threads, which you can do from the dashboard, to get a sense of the sentiment and key information being shared about the stock or crypto.