SD Standard Drilling PLC Stock Forecast
SD Standard Drilling PLC stock price down 0.233% on Thursday
(Updated on May 16, 2024)
The SD Standard Drilling PLC stock price fell by -0.233% on the last day (Thursday, 16th May 2024) from kr1.72 to kr1.71. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.18% from a day low at kr1.70 to a day high of kr1.72. The price has fallen in 6 of the last 10 days but is still up by 1.66% over the past 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 -324 thousand shares and in total, 491 thousand shares were bought and sold for approximately kr841.15 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SD Standard Drilling PLC stock with a 90% probability to be traded between kr1.65 and kr1.72 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SDSD.OL Signals & Forecast
The SD Standard Drilling PLC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr1.72. On a fall, the stock will find some support from the long-term average at approximately kr1.71. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -1.61%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for SD Standard Drilling PLC stock
SD Standard Drilling PLC finds support from accumulated volume at kr1.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr0.0200 between high and low, or 1.18%. For the last week the stock has had daily average volatility of 1.90%
Our recommended stop-loss: kr1.64 (-4.45%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (SDSD.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect SD Standard Drilling PLC to open at kr1.71, and during the day (based on 14 day Average True Range), to move between kr1.69 and kr1.74, which gives a possible trading interval of +/-kr0.0256 (+/-1.49%) up or down from last closing price. If SD Standard Drilling PLC takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr1.72 (0.12%) than the support at kr1.71 (0.12%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is SD Standard Drilling PLC stock A Buy?
SD Standard Drilling PLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.557 Hold/Accumulate Unchanged
Predicted Opening Price for SD Standard Drilling PLC of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr1.71 ( 0.156%) | kr1.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SDSD.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.73 | 1.01 % | |
| R2 | 1.72 | 0.566 % | ||
| R1 | 1.72 | 0.290 % | ||
| Current price: | 1.71 | |||
| Support | S1 | 1.70 | -0.601 % | |
| S2 | 1.70 | -0.88 % | ||
| S3 | 1.69 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.73 | 0.93 % | |
| R2 | 1.72 | 0.350 % | ||
| R1 | 1.72 | 0.117 % | ||
| Current price | 1.71 | |||
| Support | S1 | 1.71 | -0.117% | |
| S2 | 1.71 | -0.233% | ||
| S3 | 1.70 | -0.82% |
SDSD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 26, 2015 | Oct 30, 2015 | Nov 06, 2015 | kr0.277 | 24.23% |
| 2 | Aug 25, 2015 | Aug 28, 2015 | Sep 07, 2015 | kr0.0768 | 2.59% |
| 3 | Feb 05, 2013 | May 02, 2013 | May 10, 2013 | kr2.68 | 43.73% |
| 4 | Dec 21, 2012 | Jan 03, 2013 | Jan 11, 2013 | kr0.307 | 1.56% |
FAQ
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