Solaris Oilfield Infrastructure Inc. Stock Forecast
Solaris Oilfield Infrastructure Inc. stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Solaris Oilfield Infrastructure Inc. stock price gained 0.364% on the last trading day (Friday, 28th Jun 2024), rising from £275.00 to £276.00. During the last trading day the stock fluctuated 1.46% from a day low at £274.00 to a day high of £278.00. The price has risen in 7 of the last 10 days and is up by 3.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 325 thousand more shares were traded than the day before. In total, 325 thousand shares were bought and sold for approximately £89.56 million.
The stock lies in the upper part of a narrow and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at £277.19 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.74% during the next 3 months and, with a 90% probability hold a price between £284.09 and £295.87 at the end of this 3-month period.
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SOI.L Signals & Forecast
The Solaris Oilfield Infrastructure Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £274.93 and £270.09. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, June 21, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Solaris Oilfield Infrastructure Inc. stock
Solaris Oilfield Infrastructure Inc. finds support from accumulated volume at £270.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £4.00 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 0.83%.
Our recommended stop-loss: £265.84 (-3.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (SOI.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Solaris Oilfield Infrastructure Inc. Class A to open at £276.00, and during the day (based on 14 day Average True Range), to move between £272.55 and £279.45, which gives a possible trading interval of +/-£3.45 (+/-1.25%) 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 2.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ £270.00, some £6.00 (2.17%) from the current price of £276.00, our system finds the risk reward attractive.
Is Solaris Oilfield Infrastructure Inc. Class A stock A Buy?
Solaris Oilfield Infrastructure Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Solaris Oilfield Infrastructure Inc. Class A of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| £276.00 ( 0%) | £276.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOI.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 280.00 | 1.45% |
| R2 | 278.47 | 0.90% |
| R1 | 277.53 | 0.554% |
| Price | 276.00 | |
| S1 | 274.47 | -0.554% |
| S2 | 273.53 | -0.90% |
| S3 | 272.00 | -1.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 276.00 | |
| S1 | 270.00 | -2.17% |
| S2 | 260.00 | -5.80% |
| S3 | 259.00 | -6.16% |
SOI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 10, 2024 | £2.00 | 0.742% |
| 2 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £2.00 | 0.769% |
| 3 | Jan 12, 2023 | Jan 26, 2023 | Feb 10, 2023 | £2.00 | 0.722% |
| 4 | Nov 03, 2022 | Nov 10, 2022 | Nov 30, 2022 | £5.60 | 2.20% |
| 5 | Jul 12, 2022 | Aug 04, 2022 | Aug 26, 2022 | £2.00 | 0.765% |
FAQ
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