Weaker Buy Today SDR.L ranks #2116 as BUY CANDIDATE. Stronger Buy
Today SDR.L ranks #2116 as BUY CANDIDATE.

SDR.L stock SandRidge Mississippian Trust II

SDR.L stock
SandRidge Mississippian Trust II

February 15, 2019
Change 0.15%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will SDR.L stock price go up or down on Mon, 18 Feb 2019?

SandRidge Mississippian Trust II Forecast and Stock Analysis

Technical SDR.L stock analysis for February 15, 2019.

Buy candidate since 2019-02-08 Gain 4.13%
Shorts 0.94% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 1.52
ROA 22.82

SandRidge Mississippian Trust II gained 0.15% in the last trading day, rising from £2 694.00 to £2 698.00 The price has risen in 6 of the last 10 days and is up by 1.81% over the past 2 weeks. Volume fell in the last day by -160 482 shares, and in total, 270 649 shares bought and sold for approximately £730.21 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.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SDR.L stock was £2 698.00. This is 0.15% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 1.92% from a day low at £2 661.00 to a day high of £2 712.00.

30 day high of the SDR.L stock price was £2 732.00 and low was £2 528.00.
90 day high was £2 732.00 and low was £2 289.00.
52 week high for the SandRidge Mississippian Trust II - £3 663.00 and low - £2 289.00.

Trend

SandRidge Mississippian Trust II lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.35% during the next 3 months and, with 90% probability hold a price between £2 748.55 and £3 076.82 at the end of this period.

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Signals

SandRidge Mississippian Trust II 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 £2 669.57 and £2 611.31. A break down below any of these levels will issue sell signals. 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. 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 Wednesday February 13, 2019, which indicates further falls until a new bottom pivot has been found.

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A sell signal from a double top formation was found on Wednesday February 13, 2019 and based on theory for this formation the price should fall by -139.50% to £2 572.50 within 6 trading days since signal was issued (Thursday February 21, 2019).

Relative Strength Index (RSI)

RSI14 is 62 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

SandRidge Mississippian Trust II finds support from accumulated volume at £2 590.00.

Support: £2 590.00 Price: £2 698.00 Resistance: £2 704.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £51.00 (1.92%) between high and low. For the last week, the stock has had a daily average volatility of 1.73%.

Our recommended stoploss: £2.00 (-3.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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 this stock to perform well in the short-term.

Weaker Buy Today SDR.L ranks #2116 as BUY CANDIDATE. Stronger Buy
Today SDR.L ranks #2116 as BUY CANDIDATE.