SD Forecast and Technical Stock Analysis
Buy candidate since 2019-07-12SandRidge Energy Inc gained 1.61% in the last trading day ( Friday, 12th Jul 2019 ), rising from $6.85 to $6.96 During day the stock fluctuated 3.24% from a day low at $6.78 to a day high of $7.00. The price has been going up and down for this period, and there has been a 6.1% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 145 101 more shares were traded than the day before. In total, 238 383 shares bought and sold for approximately $1.66 million.
Quick summary:
- 30 day high of the SD stock price was $7.20 and low was $5.86.
- 90 day high was $9.35 and low was $5.86.
- 52 week high for the SandRidge Energy Inc - $17.64 and low - $5.86.
Trend
SandRidge Energy Inc lies the upper part of a very wide and falling 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 $7.42 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -26.78% during the next 3 months and, with 90% probability hold a price between $3.74 and $5.43 at the end of this period.
Signals
Only positive signals in the chart today. SandRidge Energy 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 $6.76 and $6.67. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday July 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 59 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 behavior.
Support & Resistance
SandRidge Energy Inc finds support from accumulated volume at $6.92.
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 $0.22 between high and low, or 3.24%. For the last week, the stock has had a daily average volatility of 3.07%.
Our recommended stoploss: $6.66 (-4.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 6 days ago.)
3.07 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
Several short-term signals are positive, despite the stock being in a falling trend, 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.
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