SOI Forecast and Technical Stock AnalysisHold candidate since 2019-07-12
Solaris Oilfield Infrastructure Inc. Class A gained 1.99% in the last trading day ( Friday, 12th Jul 2019 ), rising from $14.05 to $14.33 During day the stock fluctuated 3.93% from a day low at $14.00 to a day high of $14.55. The price has fallen in 7 of the last 10 days and is down by -4.4% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 204 150 more shares were traded than the day before. In total, 520 627 shares bought and sold for approximately $7.46 million.
- 30 day high of the SOI stock price was $16.01 and low was $13.50.
- 90 day high was $19.31 and low was $13.50.
- 52 week high for the Solaris Oilfield Infrastructure Inc. Class A - $19.31 and low - $10.50.
Solaris Oilfield Infrastructure Inc. Class A lies the upper part of a very wide and falling 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 $14.88 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -25.46% during the next 3 months and, with 90% probability hold a price between $8.81 and $11.09 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday July 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Solaris Oilfield Infrastructure Inc. Class A holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $14.80. On a fall, the stock will find some support from the short-term average at $13.94. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 33 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
Solaris Oilfield Infrastructure Inc. Class A finds support from accumulated volume at $14.23.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.55 between high and low, or 3.93%. For the last week, the stock has had a daily average volatility of 3.50%.
Our recommended stoploss: $13.53 (-5.55%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
3.50 %Average volatility
Very Low Low Medium High Very High
Solaris Oilfield Infrastructure Inc. Class A 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.
|SOI $14.33 ($0.28 1.99%)|
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