SandRidge Energy Inc Forecast and Stock Analysis
Technical SD stock analysis for February 15, 2019.
| Shorts | 3.31% ( 2019-01-31 ) |
| Cash | n/a |
| Loans | n/a |
| Beta | 1.42 |
| ROA | -7.60 |
SandRidge Energy Inc gained 2.67% in the last trading day, rising from $8.23 to $8.45 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a 0.48% gain for the last 2 weeks. Volume fell in the last day by -2 632 shares, and in total, 213 715 shares bought and sold for approximately $1.81 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SD stock was $8.45. This is 2.67% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.80% from a day low at $8.34 to a day high of $8.49.
30 day high of the SD stock price was $8.98 and low was $7.77.
90 day high was $10.65 and low was $6.98.
52 week high for the SandRidge Energy Inc - $18.27 and low - $6.98.
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 $8.94 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 -15.20% during the next 3 months and, with 90% probability hold a price between $5.18 and $7.58 at the end of this period.
Signals
SandRidge Energy Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $8.20 and $8.31. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
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Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
SandRidge Energy Inc finds support from accumulated volume at $8.34.
Risk
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.15 (1.80%) between high and low. For the last week, the stock has had a daily average volatility of 3.05%.
Our recommended stoploss: $8.11 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Hold/Accumulate
SandRidge Energy Inc 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
