MPO Forecast and Technical Stock Analysis
Buy candidate since 2019-09-18 PDF
Midstates Petroleum Company Inc fell by -1.07% in the last day ( Wednesday, 18th Sep 2019 ) from $6.52 to $6.45 and has now fallen 3 days in a row. During the day the stock fluctuated 4.97% from a day low at $6.24 to a day high of $6.55. The price has risen in 7 of the last 10 days and is up by 14.56% over the past 2 weeks. Volume has increased in the last day by 27 295 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, 264 004 shares bought and sold for approximately $1.70 million.
- 30 day high of the MPO stock price was $6.76 and low was $5.12.
- 90 day high was $6.76 and low was $4.01.
- 52 week high for Midstates Petroleum Company Inc - $13.23 and low - $4.01.
Midstates Petroleum Company Inc lies in the upper part of a very wide and weak rising trend in the short term, and this will 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 $6.82 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 7.67% during the next 3 months and, with 90% probability hold a price between $4.81 and $7.34 at the end of this period.
Midstates Petroleum Company Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $6.36 and $5.65. A break down 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 sales signal was issued from a pivot top point on Monday September 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 65 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $5.76 and $5.74.
There is 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 $5.76. If this is broken, then the next support from accumulated volume will be at $5.74 and $5.10.
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 $0.31 between high and low, or 4.97%. For the last week, the stock has had a daily average volatility of 4.46%.
Our recommended stop-loss: $6.16 (-4.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 day(s) ago.)
4.46 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|MPO $6.45 ($-0.07 -1.07%)|
MPO is down $0.07 today, but where's it headed in 2019?
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