Exchanges: NASDAQ | NYSE | XLON | AMS | ADS | TSE | BRU
Wednesday June 19, 2019 Change -2.33% Price $1.05
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will SDPI stock price go up or down on Fri, 21 Jun 2019?

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Superior Drilling Products, Inc Forecast and Stock Analysis

Technical SDPI stock analysis for Wednesday June 19, 2019.

Sell candidate since 2019-06-18 Loss -2.33%


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.

Quick summary:

  • 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.

Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 39 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 $1.04.

Support: $1.04 Price: $1.05 Resistance: $1.10

Risk

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

Overall risk:

Very Low Low Medium High Very High

Will SDPI stock price go up or down on Fri, 21 Jun 2019?

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