VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

SNMP Forecast and Technical Stock Analysis

Hold candidate since 2019-07-12

Sanchez Midstream Partners LP gained 1.89% in the last trading day ( Friday, 12th Jul 2019 ), rising from $2.12 to $2.16 During day the stock fluctuated 3.77% from a day low at $2.12 to a day high of $2.20. The price has been going up and down for this period, and there has been a 0.47% gain for the last 2 weeks. Volume fell in the last day by -55 455 shares, and in total, 22 681 shares bought and sold for approximately $48 991.00. 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.

Quick summary:

  • 30 day high of the SNMP stock price was $2.33 and low was $1.96.
  • 90 day high was $3.12 and low was $1.92.
  • 52 week high for the Sanchez Midstream Partners LP - $12.15 and low - $1.27.
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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 -10.86% during the next 3 months and, with 90% probability hold a price between $1.63 and $2.46 at the end of this period.

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Signals

Sanchez Midstream Partners LP 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 $2.19. On a fall, the stock will find some support from the long-term average at approximately $2.13. 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. A buy signal was issued from a pivot bottom point on Thursday July 11, 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.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 51 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Sanchez Midstream Partners LP finds support from accumulated volume at $2.15.

Support: $2.15 Price: $2.16 Resistance: $2.26

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $2.05 (-5.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

6.41 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Sanchez Midstream Partners LP holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Will SNMP stock price go up or down on Tue, 16 Jul 2019?

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