Superior Drilling Products, Inc Forecast and Stock Analysis
Technical SDPI stock analysis for Wednesday June 19, 2019.
Superior Drilling Products, Inc fell by -2.33% in the last day ( Wednesday, 19th Jun 2019 ) from $1.08 to $1.05 and has now fallen 3 days in a row. During day the stock fluctuated 3.81% from a day low at $1.05 to a day high of $1.09. The price has fallen in 7 of the last 10 days and is down by -11.02% for this period. 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 -57 569 shares and in total 45 654 shares bought and sold for approximately $47 936.70.
- 30 day high of the SDPI stock price was $1.21 and low was $0.91.
- 90 day high was $1.44 and low was $0.88.
- 52 week high for the Superior Drilling Products, Inc - $5.05 and low - $0.88.
Superior Drilling Products, Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.33% during the next 3 months and, with 90% probability hold a price between $0.61 and $0.92 at the end of this period.
Superior Drilling Products, Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.09. On a fall, the stock will find some support from the long-term average at approximately $1.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Friday June 07, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
Superior Drilling Products, Inc finds support from accumulated volume at $1.04.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.04 between high and low, or 3.81%. For the last week the stock has had a daily average volatility of 4.89%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
4.89 %Average volatility
Very Low Low Medium High Very High
Superior Drilling Products, Inc 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.
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|SDPI $1.05 ($-0.02 -2.33%)|
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