Previous Hold Today SD ranks #2942 as HOLD CANDIDATE. Next Hold
Today SD ranks #2942 as HOLD CANDIDATE.

SD stock SandRidge Energy Inc

SD stock
SandRidge Energy Inc

February 15, 2019
Change 2.67%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will SD stock price go up or down on Mon, 18 Feb 2019?

SandRidge Energy Inc Forecast and Stock Analysis

Technical SD stock analysis for February 15, 2019.

Hold candidate since 2019-02-15
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.

Click here for today's Top 5 Trending Companies

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.

Access today's Top 5 Golden Star Companies

A buy signal from a double bottom formation was found on Friday February 08, 2019 and based on theory for this formation the price should go up by 1.16% to $9.19 within 9 trading days since signal was issued (Friday February 22, 2019).

Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

SandRidge Energy Inc finds support from accumulated volume at $8.34.

Support: $8.34 Price: $8.45 Resistance: $8.62

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.

Previous Hold Today SD ranks #2942 as HOLD CANDIDATE. Next Hold
Today SD ranks #2942 as HOLD CANDIDATE.