SDPI - Superior Drilling Products, Inc

Exchange: NYSE

SDPI - Superior Drilling Products, Inc

Exchange: NYSE
#8()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE 7.66%
PRICE $4.50
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Superior Drilling Products, Inc Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Buy candidate since 2018-08-28 Gain 141.94%
Shorts 0.65% ( 2018-09-28 )
Cash 2.7 mill
Loans 13.6 mill
Beta -2.02
ROA 3.03

Superior Drilling Products, Inc gained 7.66% in the last trading day, rising from $4.18 to $4.50 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 17.52% over the past 2 weeks. Volume fell in the last day by -106 738 shares, and in total, 732 564 shares bought and sold for approximately $3.30 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Superior Drilling Products, Inc lies in the upper part of a very wide and strong rising trend in the short term, and this will 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 $4.70 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 128.98% during the next 3 months and, with 90% probability hold a price between $8.07 and $10.76 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Superior Drilling Products, 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 $3.95 and $3.12. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday October 12, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 68 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Superior Drilling Products, Inc finds support from accumulated volume at $4.45.

Support: $4.45 Price: $4.50

Risk

This stock may move much during a 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 $0.92 between high and low, or 22.72%. For the last week, the stock has had a daily average volatility of 22.40%.

Our recommended stoploss: $4.30 (-4.49%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Superior Drilling Products, Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Strong Buy Candidate

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SDPI $4.50 $0.32(7.66%)
SDPI is up $0.32 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for SDPI based on the 1-3 month system that more than doubles the S&P 500.

Click here – the SDPI analysis is free »

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