RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SD
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for SandRidge Energy stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 13, 2024 Gain 5.45% PDF

The SandRidge Energy stock price gained 2.62% on the last trading day (Wednesday, 27th Mar 2024), rising from $14.14 to $14.51. During the last trading day the stock fluctuated 2.54% from a day low at $14.15 to a day high of $14.51. The price has risen in 7 of the last 10 days and is up by 5.45% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 126 thousand more shares were traded than the day before. In total, 321 thousand shares were bought and sold for approximately $4.66 million.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $14.66 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SandRidge Energy stock with a 90% probability to be traded between $11.68 and $14.55 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SD Signals & Forecast

Mostly positive signals in the chart today. The SandRidge Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $14.24 and $13.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 02, 2024, and so far it has risen 22.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for SandRidge Energy stock

SandRidge Energy finds support from accumulated volume at $14.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.360 between high and low, or 2.54%. For the last week, the stock has had daily average volatility of 1.90%.

Our recommended stop-loss: $13.98 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)

Trading Expectations (SD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect SandRidge Energy Inc to open at $14.39, and during the day (based on 14 day Average True Range), to move between $14.18 and $14.84, which gives a possible trading interval of +/-$0.331 (+/-2.28%) up or down from last closing price. If SandRidge Energy Inc takes out the full calculated possible swing range there will be an estimated 4.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.53 (0.14%) than the support at $14.00 (3.51%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is SandRidge Energy Inc stock A Buy?

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 SandRidge Energy stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.609 Buy Candidate Upgraded

Predicted Opening Price for SandRidge Energy Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$14.39 ( 0.83%) $14.51

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.75 1.65 %
R2 14.61 0.706 %
R1 14.53 0.121 %
Current price: 14.51
Support S1 14.25 -1.77 %
S2 14.17 -2.36 %
S3 14.03 -3.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 14.73 1.52 %
R2 14.60 0.620 %
R1 14.53 0.138 %
Current price 14.51
Support S1 14.00 -3.51%
S2 13.89 -4.27%
S3 11.83 -18.47%

SD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 06, 2024 Mar 15, 2024 Mar 29, 2024 $0.110 0.759%
2 Mar 05, 2024 Mar 14, 2024 Mar 29, 2024 $0.110 0.759%
3 Jan 16, 2024 Feb 02, 2024 Feb 20, 2024 $1.50 11.89%
4 Nov 02, 2023 Nov 10, 2023 Nov 27, 2023 $0.100 0.707%
5 Aug 01, 2023 Aug 11, 2023 Aug 28, 2023 $0.100 0.635%

FAQ

What is the symbol for SandRidge Energy Stock and on which exchange is it traded?
The symbol for SandRidge Energy is SD and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell SandRidge Energy Stock?
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 SandRidge Energy stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy SandRidge Energy Stock?
SandRidge Energy Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SandRidge Energy Stock.

What's the current price of SandRidge Energy Stock?
As of the end of day on the 2024-03-27, the price of an SandRidge Energy (SD) share was $14.51.

What is the 52-week high and low for SandRidge Energy Stock?
The 52-week high for SandRidge Energy Stock is $17.80 and the 52-week low is $11.51.

What is the market capitalization of SandRidge Energy Stock?
As of the 2024-03-27, the market capitalization of SandRidge Energy is 524.605M.

When is the next earnings date for SandRidge Energy?
The upcoming earnings date for SandRidge Energy is May 02, 2024.
Click to get the best stock tips daily for free!

About SandRidge Energy Inc

SandRidge Energy SandRidge Energy, Inc. engages in the acquisition, development, and production of oil and natural gas primarily in the United States Mid-Continent. As of December 31, 2021, it had an interest in 817.0 net producing wells; and operated approximately 368,000 net leasehold acres in Oklahoma and Kansas, as well as total estimated proved reserves of 71.3 million barrels of oil equivalent. The company was incorporated in 2006 and is headquartered in Ok... SD Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT