RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SND
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Smart Sand Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Smart Sand Inc. stock price gained 0.526% on the last trading day (Thursday, 28th Mar 2024), rising from $1.90 to $1.91. During the last trading day the stock fluctuated 5.35% from a day low at $1.87 to a day high of $1.97. The price has been going up and down for this period, and there has been a 2.14% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 143 thousand more shares were traded than the day before. In total, 190 thousand shares were bought and sold for approximately $363.69 thousand.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Smart Sand Inc. stock with a 90% probability to be traded between $1.71 and $2.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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SND Signals & Forecast

There are mixed signals in the stock today. The Smart Sand Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.93. On a fall, the stock will find some support from the short-term average at $1.90. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -8.17%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Smart Sand Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Smart Sand Inc. stock

Smart Sand Inc. finds support from accumulated volume at $1.87 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.1000 between high and low, or 5.35%. For the last week, the stock has had daily average volatility of 3.99%.

Our recommended stop-loss: $1.82 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (SND) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Smart Sand Inc. to open at $1.92, and during the day (based on 14 day Average True Range), to move between $1.83 and $1.99, which gives a possible trading interval of +/-$0.0811 (+/-4.25%) up or down from last closing price. If Smart Sand Inc. takes out the full calculated possible swing range there will be an estimated 8.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.94 (1.57%) than the support at $1.87 (2.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Smart Sand Inc. stock A Buy?

Smart Sand Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.893 Hold/Accumulate Upgraded

Predicted Opening Price for Smart Sand Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.92 ( 0.349%) $1.91

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SND

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.02 5.58 %
R2 1.98 3.58 %
R1 1.95 2.35 %
Current price: 1.91
Support S1 1.88 -1.65 %
S2 1.85 -2.89 %
S3 1.82 -4.89 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.00 4.71 %
R2 1.96 2.62 %
R1 1.94 1.57 %
Current price 1.91
Support S1 1.87 -2.09%
S2 1.85 -3.14%
S3 1.80 -5.76%

FAQ

What is the symbol for Smart Sand Inc. Stock and on which exchange is it traded?
The symbol for Smart Sand Inc. is SND and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Smart Sand Inc. Stock?
Smart Sand Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Smart Sand Inc. Stock?
Smart Sand Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Smart Sand Inc. Stock.

What's the current price of Smart Sand Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Smart Sand Inc. (SND) share was $1.91.

What is the 52-week high and low for Smart Sand Inc. Stock?
The 52-week high for Smart Sand Inc. Stock is $2.48 and the 52-week low is $1.44.

What is the market capitalization of Smart Sand Inc. Stock?
As of the 2024-03-28, the market capitalization of Smart Sand Inc. is 82.147M.

When is the next earnings date for Smart Sand Inc.?
The upcoming earnings date for Smart Sand Inc. is May 14, 2024.
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About Smart Sand Inc.

Smart Sand. Smart Sand, Inc., an integrated frac sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides logistics services; and SmartSystems, a wellsite proppant storage solution. The company sells its products primarily to oil and natural gas exploration and production companies, oilfield service compa... SND Profile

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