Today SNMP ranks # as HOLD CANDIDATE.
Today SNMP ranks # as HOLD CANDIDATE.

SNMP stock Sanchez Midstream Partners LP

SNMP stock
Sanchez Midstream Partners LP

April 24, 2019
Change 2.17%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will SNMP stock price go up or down on Fri, 26 Apr 2019?

Sanchez Midstream Partners LP Forecast and Stock Analysis

Technical SNMP stock analysis for April 24, 2019.

Hold candidate since 2019-04-22 Gain 0.86%
Shorts 1.62% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 0.92
ROA -4.75

Sanchez Midstream Partners LP gained 2.17% in the last trading day, rising from $2.30 to $2.35 The price has fallen in 6 of the last 10 days and is down by -5.24% for this period. Volume fell in the last day by -18 532 shares, and in total, 27 140 shares bought and sold for approximately $63 779.00. 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 (Wednesday, 24th Apr 2019) of the SNMP stock was $2.35. This is 2.17% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 2.60% from a day low at $2.31 to a day high of $2.37.

30 day high of the SNMP stock price was $2.72 and low was $2.05.
90 day high was $3.60 and low was $1.79.
52 week high for the Sanchez Midstream Partners LP - $13.25 and low - $1.27.

Trend

Sanchez Midstream Partners LP 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 -18.08% during the next 3 months and, with 90% probability hold a price between $1.32 and $2.42 at the end of this period.

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Signals

Sanchez Midstream Partners LP 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 $2.31 and $2.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 17, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 54 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $2.12 and $2.05.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sanchez Midstream Partners LP finds support just below today's level at $2.12. If this is broken, then the next support from accumulated volume will be at $2.05 and $1.90.

Support: $2.12 Price: $2.35 Resistance: $2.38

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 $0.06 between high and low, or 2.60%. For the last week the stock has had a daily average volatility of 3.55%.

Our recommended stoploss: $2.24 (-4.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Today SNMP ranks # as HOLD CANDIDATE.
Today SNMP ranks # as HOLD CANDIDATE.