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.
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Superior Drilling Products, Inc stock price up 1.92% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 11, 2024 Gain 1.56% PDF

The Superior Drilling Products, Inc stock price gained 1.92% on the last trading day (Thursday, 28th Mar 2024), rising from $0.90 to $0.91. During the last trading day the stock fluctuated 3.25% from a day low at $0.90 to a day high of $0.92. The price has risen in 6 of the last 10 days and is up by 1.74% 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, 115 thousand more shares were traded than the day before. In total, 178 thousand shares were bought and sold for approximately $162.63 thousand.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may 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 $0.96 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 18.48% during the next 3 months and, with a 90% probability hold a price between $0.88 and $1.13 at the end of this 3-month period.

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SDPI Signals & Forecast

The Superior Drilling Products, Inc 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 $0.90 and $0.80. A breakdown below any of these levels will issue sell signals. Superior Drilling Products, Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -0.652%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Superior Drilling Products, Inc stock

Superior Drilling Products, Inc finds support from accumulated volume at $0.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0291 between high and low, or 3.25%. For the last week, the stock has had daily average volatility of 2.81%.

Our recommended stop-loss: $0.88 (-3.93%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (SDPI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Superior Drilling Products, Inc to open at $0.91, and during the day (based on 14 day Average True Range), to move between $0.88 and $0.95, which gives a possible trading interval of +/-$0.0372 (+/-4.07%) up or down from last closing price. If Superior Drilling Products, Inc takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.92 (0.56%) than the support at $0.90 (1.53%), 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 Superior Drilling Products, Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Superior Drilling Products, Inc stock to perform well in the short-term.

Current score: 3.231 Buy Candidate Unchanged

Predicted Opening Price for Superior Drilling Products, Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$0.91 ( 0.310%) $0.91

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

Trading levels for SDPI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.94 2.87 %
R2 0.93 1.66 %
R1 0.92 0.91 %
Current price: 0.91
Support S1 0.90 -1.53 %
S2 0.89 -2.28 %
S3 0.88 -3.49 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0.92 0.656 %
R1 0.92 0.558 %
Current price 0.91
Support S1 0.90 -1.53%
S2 0.90 -1.71%
S3 0.89 -2.23%

FAQ

What is the symbol for Superior Drilling Products, Inc Stock and on which exchange is it traded?
The symbol for Superior Drilling Products, Inc is SDPI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Superior Drilling Products, Inc Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Superior Drilling Products, Inc stock to perform well in the short-term.

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

What's the current price of Superior Drilling Products, Inc Stock?
As of the end of day on the 2024-03-28, the price of an Superior Drilling Products, Inc (SDPI) share was $0.91.

What is the 52-week high and low for Superior Drilling Products, Inc Stock?
The 52-week high for Superior Drilling Products, Inc Stock is $2.21 and the 52-week low is $0.580.

What is the market capitalization of Superior Drilling Products, Inc Stock?
As of the 2024-03-28, the market capitalization of Superior Drilling Products, Inc is 27.778M.

When is the next earnings date for Superior Drilling Products, Inc?
The upcoming earnings date for Superior Drilling Products, Inc is May 09, 2024.
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About Superior Drilling Products, Inc

Superior Drilling Products Superior Drilling Products, Inc., a drilling and completion tool technology company, innovates, designs, engineers, manufactures, sells, rents, and repairs drilling and completion tools in the United States, Canada, the Middle East, and Eastern Europe. Its drilling solutions include Drill-N-Ream, a dual-section wellbore conditioning tool; Strider, a drill string oscillation system technology; and V-Stream, an advanced conditioning system. The com... SDPI Profile

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