Midstates Petroleum Company Inc Forecast and Stock Analysis
Technical MPO stock analysis for Friday May 17, 2019.
|Shorts||1.33% ( 2019-04-15 )|
|Price to book||USD 0.36|
|Next Earnings Date||2019-08-05|
Midstates Petroleum Company Inc fell by -4.51% in the last day ( Friday, 17th May 2019 ) from $8.64 to $8.25 and has now fallen 3 days in a row. During day the stock fluctuated 4.61% from a day low at $8.24 to a day high of $8.62. The price has fallen in 8 of the last 10 days and is down by -35.6% for this period. Volume has increased in the last day by 37 511 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 176 058 shares bought and sold for approximately $1.45 million.
- 30 day high of the MPO stock price was $13.23 and low was $8.24.
- 90 day high was $13.23 and low was $7.51.
- 52 week high for the Midstates Petroleum Company Inc - $14.84 and low - $6.22.
Midstates Petroleum Company Inc has broken the very wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $9.61. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Midstates Petroleum Company Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $9.13 and $10.80. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday May 02, 2019, which indicates further falls until a new bottom pivot has been found. Midstates Petroleum Company Inc gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 4 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.
Support & Resistance
Midstates Petroleum Company Inc finds support from accumulated volume at $8.14.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.38 between high and low, or 4.61%. For the last week, the stock has had a daily average volatility of 4.61%.
Midstates Petroleum Company Inc is overbought on RSI14 (4). Some stocks may go long and hard while being overbought on RSI, but overbought increases the general risk as higher volatility could be expected, and at some level the stock will have a reaction back to gain new strength.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
4.61 %Average volatility
Very Low Low Medium High Very High
The Midstates Petroleum Company Inc stock holds several negative signals and despite the positive trend we believe Midstates Petroleum Company Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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|MPO $8.25 ($-0.39 -4.51%)|
MPO is down $0.39 today, but where's it headed in 2019?
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