Solaris Oilfield Infrastructure Inc. Stock Forecast
Solaris Oilfield Infrastructure Inc. stock price down 0.471% on Thursday
(Updated on Apr 25, 2024)
The Solaris Oilfield Infrastructure Inc. stock price fell by -0.471% on the last day (Thursday, 25th Apr 2024) from $8.50 to $8.46. During the last trading day the stock fluctuated 1.43% from a day low at $8.39 to a day high of $8.51. The price has fallen in 7 of the last 10 days and is down by -3.97% for this period. Volume has increased on the last day by 99 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 249 thousand shares were bought and sold for approximately $2.10 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $8.30 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.91% during the next 3 months and, with a 90% probability hold a price between $9.78 and $10.86 at the end of this 3-month period.
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SOI Signals & Forecast
There are few to no technical positive signals at the moment. The Solaris Oilfield Infrastructure 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 $8.59. On a fall, the stock will find some support from the short-term average at $8.44. 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 Wednesday, April 10, 2024, and so far it has fallen -5.58%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Solaris Oilfield Infrastructure Inc. stock
Solaris Oilfield Infrastructure Inc. finds support from accumulated volume at $8.37 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 $0.120 between high and low, or 1.43%. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOI) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Solaris Oilfield Infrastructure Inc. Class A to open at $8.45, and during the day (based on 14 day Average True Range), to move between $8.21 and $8.71, which gives a possible trading interval of +/-$0.254 (+/-3.01%) up or down from last closing price. If Solaris Oilfield Infrastructure Inc. Class A takes out the full calculated possible swing range there will be an estimated 6.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.55 (1.06%) than the support at $8.37 (1.06%), 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.
Earnings coming up
Solaris Oilfield Infrastructure Inc. Class A will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.130. We will update the financials statements for Solaris Oilfield Infrastructure Inc. Class A, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.55% in the first trading day after earnings release.
Is Solaris Oilfield Infrastructure Inc. Class A stock A Buy?
The Solaris Oilfield Infrastructure Inc. stock holds several negative signals and despite the positive trend, we believe Solaris Oilfield Infrastructure Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.334 Sell Candidate Unchanged
Predicted Opening Price for Solaris Oilfield Infrastructure Inc. Class A of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$8.45 ( 0.0784%) | $8.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.57 | 1.34 % | |
R2 | 8.53 | 0.799 % | ||
R1 | 8.50 | 0.464 % | ||
Current price: | 8.46 | |||
Support | S1 | 8.41 | -0.621 % | |
S2 | 8.38 | -0.96 % | ||
S3 | 8.33 | -1.50 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.81 | 4.14 % | |
R2 | 8.74 | 3.31 % | ||
R1 | 8.55 | 1.06 % | ||
Current price | 8.46 | |||
Support | S1 | 8.37 | -1.06% | |
S2 | 8.30 | -1.89% | ||
S3 | 7.28 | -13.95% |
SOI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 19, 2024 | Mar 08, 2024 | Mar 21, 2024 | $0.120 | 1.35% |
2 | Oct 26, 2023 | Nov 30, 2023 | Dec 11, 2023 | $0.120 | 1.48% |
3 | Aug 15, 2023 | Sep 01, 2023 | Sep 15, 2023 | $0.110 | 1.02% |
4 | May 16, 2023 | Jun 05, 2023 | Jun 16, 2023 | $0.110 | 1.33% |
5 | Mar 02, 2023 | Mar 13, 2023 | Mar 24, 2023 | $0.110 | 1.35% |
FAQ
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