Solaris Oilfield Infrastructure Inc. Class A Forecast and Stock Analysis
Technical SOI stock analysis for February 15, 2019.
|Shorts||15.02% ( 2019-01-31 )|
Solaris Oilfield Infrastructure Inc. Class A gained 2.74% in the last trading day, rising from $15.35 to $15.77 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has been going up and down for this period, and there has been a 3.75% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 3 202 more shares were traded than the day before. In total, 263 250 shares bought and sold for approximately $4.15 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SOI stock was $15.77. This is 2.74% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 3.43% from a day low at $15.45 to a day high of $15.98.
30 day high of the SOI stock price was $15.98 and low was $13.56.
90 day high was $15.98 and low was $10.50.
52 week high for the Solaris Oilfield Infrastructure Inc. Class A - $20.18 and low - $10.50.
Solaris Oilfield Infrastructure Inc. Class A lies in the upper part of a very wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $16.51 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 21.15% during the next 3 months and, with 90% probability hold a price between $15.24 and $20.01 at the end of this period.
Only positive signals in the chart today. Solaris Oilfield Infrastructure Inc. Class A 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 $14.65 and $14.27. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday February 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Solaris Oilfield Infrastructure Inc. Class A finds support from accumulated volume at $15.20.
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 $0.53 (3.43%) between high and low. For the last week, the stock has had a daily average volatility of 5.21%.
Since the Solaris Oilfield Infrastructure Inc. Class A has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stoploss: $15.10 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)
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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.