Solaris Oilfield Infrastructure Inc. Stock Forecast

Solaris Oilfield Infrastructure Inc. stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Apr 22, 2024)

SOI Signals & Forecast

There are mixed signals in the stock today. The Solaris Oilfield Infrastructure Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.55. On a fall, the stock will find some support from the short-term average at $8.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -6.03%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Solaris Oilfield Infrastructure Inc. stock

Solaris Oilfield Infrastructure Inc. finds support from accumulated volume at $8.30 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.230 between high and low, or 2.77%. For the last week the stock has had daily average volatility of 3.21%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SOI) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Solaris Oilfield Infrastructure Inc. Class A to open at $8.42, and during the day (based on 14 day Average True Range), to move between $8.15 and $8.69, which gives a possible trading interval of +/-$0.271 (+/-3.22%) up or down from last closing price. If Solaris Oilfield Infrastructure Inc. Class A takes out the full calculated possible swing range there will be an estimated 6.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.30 (1.43%) than the resistance at $8.55 (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Solaris Oilfield Infrastructure Inc. Class A stock A Buy?

Solaris Oilfield Infrastructure Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.384 Sell Candidate Downgraded

Predicted Opening Price for Solaris Oilfield Infrastructure Inc. Class A of Tuesday, April 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.