SandRidge Energy Inc Forecast and Stock Analysis
Technical SD stock analysis for April 25, 2019.
| Shorts | 2.88% ( 2019-03-29 ) |
| Cash | n/a |
| Loans | n/a |
| Beta | 1.45 |
| ROA | -0.85 |
SandRidge Energy Inc fell by -2.31% in the last day from $8.67 to $8.47 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days , but is still up by 1.68% over the past 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 -146 876 shares and in total 199 822 shares bought and sold for approximately $1.69 million.
Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the SD stock was $8.47. This is 2.31% less than the trading day before Wednesday, 24th Apr 2019.
During day the stock fluctuated 3.20% from a day low at $8.43 to a day high of $8.70.
30 day high of the SD stock price was $8.90 and low was $7.83.
90 day high was $8.90 and low was $7.05.
52 week high for the SandRidge Energy Inc - $18.27 and low - $6.98.
Trend
SandRidge Energy Inc is the upper part of a wide and horizontal trend and normally this would pose a good selling opportunity, but a break-up through the top trend line at $8.79 will give a strong buy signal and a trend shift may be expected. Given the current horizontal trend you can expect SandRidge Energy Inc with 90% probability to be traded between $7.28 and $8.89 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Signals
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 $8.44 and $8.11. 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 Tuesday April 23, 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.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
SandRidge Energy Inc finds support from accumulated volume at $8.30.
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 $0.27 (3.20%) between high and low. For the last week, the stock has had a daily average volatility of 3.42%.
Our recommended stoploss: $8.03 (-5.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
Overall risk:
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals 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 period.
| SD $8.47 ($-0.20 -2.31%) |
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SD is down $0.20 today, but where's it headed in 2019? |
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