Previous Hold Today PUMP ranks #2097 as HOLD CANDIDATE. Next Hold
Today PUMP ranks #2097 as HOLD CANDIDATE.

PUMP stock ProPetro Holding Corp

PUMP stock
ProPetro Holding Corp

April 24, 2019
Change -4.85%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Social Sentiment for PUMP

Today's data is from 1 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
100%
0%
Weighted Sentiment 0.00

Will PUMP stock price go up or down on Fri, 26 Apr 2019?

ProPetro Holding Corp Forecast and Stock Analysis

Technical PUMP stock analysis for April 24, 2019.

Hold candidate since 2019-04-24
Shorts 7.33% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.83
ROA 17.72

ProPetro Holding Corp fell by -4.85% in the last day from $24.53 to $23.34 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a 0.21% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.33 million shares and in total 1.05 million shares bought and sold for approximately $24.45 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the PUMP stock was $23.34. This is 4.85% less than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 5.72% from a day low at $23.26 to a day high of $24.59.

30 day high of the PUMP stock price was $25.38 and low was $21.13.
90 day high was $25.38 and low was $15.28.
52 week high for the ProPetro Holding Corp - $25.38 and low - $11.27.

Trend

ProPetro Holding Corp has broken the 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 $23.81. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

ProPetro Holding Corp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $24.08. On a fall, the stock will find some support from the long-term average at approximately $22.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 April 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ProPetro Holding Corp finds support from accumulated volume at $23.29.

Support: $23.29 Price: $23.34 Resistance: $24.32

Risk

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 $1.33 between high and low, or 5.72%. For the last week, the stock has had a daily average volatility of 4.60%.

Our recommended stoploss: $21.91 (-6.14%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

ProPetro Holding Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Previous Hold Today PUMP ranks #2097 as HOLD CANDIDATE. Next Hold
Today PUMP ranks #2097 as HOLD CANDIDATE.