Solaris Oilfield Infrastructure Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Solaris Oilfield Infrastructure Inc. stock price ended at $9.24 on Monday, after losing 4.15%.
(Updated on Apr 29, 2024)
The Solaris Oilfield Infrastructure Inc. stock price fell by -4.15% on the last day (Monday, 29th Apr 2024) from $9.64 to $9.24. During the last trading day the stock fluctuated 4.91% from a day low at $9.16 to a day high of $9.61. The price has fallen in 6 of the last 10 days but is still up by 8.58% 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 -436 thousand shares and in total, 591 thousand shares were bought and sold for approximately $5.46 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.05% during the next 3 months and, with a 90% probability hold a price between $9.95 and $11.51 at the end of this 3-month period.
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SOI 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 $8.78 and $8.66. A breakdown below any of these levels will issue sell signals. 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, April 26, 2024, and so far it has fallen -4.15%. 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 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 Solaris Oilfield Infrastructure Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.74 and $8.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Solaris Oilfield Infrastructure Inc. finds support just below today's level at $8.74. If this is broken, then the next support from accumulated volume will be at $8.55 and $8.30.
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 $0.450 between high and low, or 4.91%. For the last week, the stock has had daily average volatility of 5.13%.
Our recommended stop-loss: $8.73 (-5.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (SOI) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Solaris Oilfield Infrastructure Inc. Class A to open at $9.34, and during the day (based on 14 day Average True Range), to move between $8.91 and $9.57, which gives a possible trading interval of +/-$0.333 (+/-3.61%) 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 7.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.64 (4.33%) than the support at $8.74 (5.41%), 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 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.
Current score: 0.775 Hold/Accumulate Unchanged
Predicted Opening Price for Solaris Oilfield Infrastructure Inc. Class A of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $9.34 ( 1.05%) | $9.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.79 | 5.92 % | |
| R2 | 9.61 | 4.06 % | ||
| R1 | 9.51 | 2.91 % | ||
| Current price: | 9.24 | |||
| Support | S1 | 9.16 | -0.81 % | |
| S2 | 9.06 | -1.96 % | ||
| S3 | 8.89 | -3.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 9.64 | 4.33 % | ||
| Current price | 9.24 | |||
| Support | S1 | 8.74 | -5.41% | |
| S2 | 8.55 | -7.47% | ||
| S3 | 8.30 | -10.17% |
SOI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jun 07, 2024 | Jun 17, 2024 | $0.120 | 1.30% |
| 2 | Feb 19, 2024 | Mar 08, 2024 | Mar 21, 2024 | $0.120 | 1.35% |
| 3 | Oct 26, 2023 | Nov 30, 2023 | Dec 11, 2023 | $0.120 | 1.48% |
| 4 | Aug 15, 2023 | Sep 01, 2023 | Sep 15, 2023 | $0.110 | 1.02% |
| 5 | May 16, 2023 | Jun 05, 2023 | Jun 16, 2023 | $0.110 | 1.33% |
FAQ
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