Superior Drilling Products, Inc Stock Analysis
Technical stock analysis for Wed 12'th Dec 2018
|Shorts||0.53% ( 2018-11-15 )|
Superior Drilling Products, Inc fell by -2.65% in the last day from $1.51 to $1.47 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -24.62% 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 -502 163 shares and in total 130 276 shares bought and sold for approximately $191 506.00.
Superior Drilling Products, Inc lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.18 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -36.14% during the next 3 months and, with 90% probability hold a price between $0.75 and $2.44 at the end of this period.
There are few to none technical positive signals at the moment. Superior Drilling Products, Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $1.64 and $2.51. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday December 10, 2018, 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.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.10 between high and low, or 6.53%. For the last week the stock has had a daily average volatility of 12.53%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Superior Drilling Products, Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
|SDPI $1.47 $-0.04(-2.65%)|
SDPI is down $0.04 today, but where's it headed in 2019?
|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 »