Seadrill Partners LLC Stock Forecast
Red day on Thursday for Seadrill Partners LLC
(Updated on Sep 26, 2019)
No changes to the price of Seadrill Partners LLC stock on the last trading day (Thursday, 26th Sep 2019). During the last trading day the stock fluctuated 0% from a day low at $1.52 to a day high of $1.52. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SDLP Signals & Forecast
There are mixed signals in the stock today. The Seadrill Partners LLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.52 and $1.64. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, September 03, 2019, and so far it has risen 0.662%. 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).
Support, Risk & Stop-loss for Seadrill Partners LLC stock
Seadrill Partners LLC finds support from accumulated volume at $1.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SDLP) For The Upcoming Trading Day Of Friday 27th
For the upcoming trading day on Friday, 27th we expect Seadrill Partners LLC to open at $1.52, and during the day (based on 14 day Average True Range), to move between $1.44 and $1.60, which gives a possible trading interval of +/-$0.0789 (+/-5.19%) up or down from last closing price. If Seadrill Partners LLC takes out the full calculated possible swing range there will be an estimated 10.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.51 (0.66%) than the resistance at $1.64 (7.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Seadrill Partners LLC stock A Buy?
Seadrill Partners LLC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.311 Sell Candidate Unchanged
Predicted Opening Price for Seadrill Partners LLC of Friday, September 27, 2019
| Fair opening price September 27, 2019 | Current price |
|---|---|
| $1.52 ( 0.00000000%) | $1.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SDLP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.52 | 0.00000000 % | |
| R2 | 1.52 | 0.00000000 % | ||
| R1 | 1.52 | 0.00000000 % | ||
| Current price: | 1.52 | |||
| Support | S1 | 1.52 | 0.00000000 % | |
| S2 | 1.52 | 0.00000000 % | ||
| S3 | 1.52 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.73 | 13.83 % | |
| R2 | 1.68 | 10.53 % | ||
| R1 | 1.64 | 7.89 % | ||
| Current price | 1.52 | |||
| Support | S1 | 1.51 | -0.658% | |
| S2 | 1.22 | -19.74% | ||
| S3 | 0 | . |
FAQ
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