NYSE:MPO
Delisted

Midstates Petroleum Company Inc Stock Forecast

$5.75
+0.430 (+8.08%)
At Close: Oct 01, 2021
RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

On Friday, Midstates Petroleum Company Inc stock price gained an impressive 8.08%
(Updated on Oct 01, 2021)

Buy or Hold candidate since Sep 22, 2021 Gain 40.59% PDF

The Midstates Petroleum Company Inc stock price gained 8.08% on the last trading day (Friday, 1st Oct 2021), rising from $5.32 to $5.75. It has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 7.64% from a day low at $5.37 to a day high of $5.78. The price has risen in 9 of the last 10 days and is up by 37.56% 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, 561 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $6.61 million.

Given the current short-term trend, the stock is expected to rise 23.13% during the next 3 months and, with a 90% probability hold a price between $4.80 and $7.08 at the end of this 3-month period.

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MPO Signals & Forecast

Mostly positive signals in the chart today. The Midstates Petroleum Company 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 $4.97 and $3.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 19, 2021, and so far it has risen 92.31%. Further rise is indicated until a new top pivot has been found. 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.

Support, Risk & Stop-loss for Midstates Petroleum Company Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.93 and $4.82. 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, Midstates Petroleum Company Inc finds support just below today's level at $4.93. If this is broken, then the next support from accumulated volume will be at $4.82 and $4.45.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.410 between high and low, or 7.64%. For the last week, the stock has had daily average volatility of 7.87%.

The Midstates Petroleum Company Inc stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs. Since the Midstates Petroleum Company Inc has been rising for 9 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $5.56 (-3.32%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 53 days ago.)

Trading Expectations (MPO) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Midstates Petroleum Company Inc to open at $5.63, and during the day (based on 14 day Average True Range), to move between $5.45 and $6.05, which gives a possible trading interval of +/-$0.302 (+/-5.26%) up or down from last closing price. If Midstates Petroleum Company Inc takes out the full calculated possible swing range there will be an estimated 10.51% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $4.93, some $0.82 (14.26%) from the current price of $5.75, our system finds the risk reward attractive.

Is Midstates Petroleum Company Inc stock A Buy?

Midstates Petroleum Company Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.656 Strong Buy Candidate Unchanged

Predicted Opening Price for Midstates Petroleum Company Inc of Monday, October 4, 2021

Fair opening price October 4, 2021 Current price
$5.63 ( 2.03%) $5.75

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

Trading levels for MPO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.04 5.10 %
R2 5.89 2.38 %
R1 5.79 0.695 %
Current price: 5.75
Support S1 5.48 -4.75 %
S2 5.38 -6.44 %
S3 5.22 -9.16 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 5.75
Support S1 4.93 -14.26%
S2 4.82 -16.17%
S3 4.45 -22.61%

FAQ

What is the symbol for Midstates Petroleum Company Inc Stock and on which exchange is it traded?
The symbol for Midstates Petroleum Company Inc is MPO and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Midstates Petroleum Company Inc Stock?
Midstates Petroleum Company Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy Midstates Petroleum Company Inc Stock?
Midstates Petroleum Company Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Midstates Petroleum Company Inc Stock.

What's the current price of Midstates Petroleum Company Inc Stock?
As of the end of day on the 2021-10-01, the price of an Midstates Petroleum Company Inc (MPO) share was $5.75.

What is the 52-week high and low for Midstates Petroleum Company Inc Stock?
The 52-week high for Midstates Petroleum Company Inc Stock is $5.78 and the 52-week low is $0.620.
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