SandRidge Energy Stock Forecast
Red day on Thursday for SandRidge Energy stock after losing 3.17%
(Updated on May 16, 2024)
The SandRidge Energy stock price fell by -3.17% on the last day (Thursday, 16th May 2024) from $13.86 to $13.42. During the last trading day the stock fluctuated 3.03% from a day low at $13.39 to a day high of $13.79. The price has been going up and down for this period, and there has been a -1.32% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -65 thousand shares and in total, 325 thousand shares were bought and sold for approximately $4.36 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $13.49. A reaction back to this level may hold a second chance to get out before further falls.
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SD Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 0.224%. 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 SandRidge 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 $13.62 and $14.32. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SandRidge Energy stock
SandRidge Energy finds support from accumulated volume at $13.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.405 between high and low, or 3.03%. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SD) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect SandRidge Energy Inc to open at $13.53, and during the day (based on 14 day Average True Range), to move between $13.07 and $13.77, which gives a possible trading interval of +/-$0.355 (+/-2.64%) up or down from last closing price. If SandRidge Energy Inc takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.40 (0.15%) than the resistance at $13.58 (1.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SandRidge Energy Inc stock A Buy?
The SandRidge Energy stock holds several negative signals and despite the positive trend, we believe SandRidge Energy will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.058 Sell Candidate Unchanged
Predicted Opening Price for SandRidge Energy Inc of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
$13.53 ( 0.83%) | $13.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.94 | 3.85 % | |
R2 | 13.78 | 2.70 % | ||
R1 | 13.69 | 1.98 % | ||
Current price: | 13.42 | |||
Support | S1 | 13.38 | -0.321 % | |
S2 | 13.28 | -1.03 % | ||
S3 | 13.13 | -2.19 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.99 | 4.25 % | |
R2 | 13.86 | 3.28 % | ||
R1 | 13.58 | 1.19 % | ||
Current price | 13.42 | |||
Support | S1 | 13.40 | -0.149% | |
S2 | 13.38 | -0.298% | ||
S3 | 13.01 | -3.06% |
SD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 16, 2024 | May 16, 2024 | May 31, 2024 | $0.110 | 0.82% |
2 | Mar 06, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.110 | 0.755% |
3 | Mar 05, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.110 | 0.755% |
4 | Jan 16, 2024 | Feb 02, 2024 | Feb 20, 2024 | $1.50 | 11.89% |
5 | Nov 02, 2023 | Nov 10, 2023 | Nov 27, 2023 | $0.100 | 0.707% |
FAQ
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