Solaris Oilfield Infrastructure Inc. Stock Forecast
Weaker technical forecast for Solaris Oilfield Infrastructure Inc. as stock downgraded to Sell Candidate.
(Updated on Apr 24, 2024)
The Solaris Oilfield Infrastructure Inc. stock price fell by -1.16% on the last day (Wednesday, 24th Apr 2024) from $8.60 to $8.50. During the last trading day the stock fluctuated 2.02% from a day low at $8.42 to a day high of $8.59. The price has fallen in 7 of the last 10 days and is down by -5.13% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -55 thousand shares and in total, 149 thousand shares were bought and sold for approximately $1.27 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.17% 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 mixed signals in the stock today. 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 $8.58. On a fall, the stock will find some support from the short-term average at $8.42. 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 -5.13%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.170 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 3.16%.
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 Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Solaris Oilfield Infrastructure Inc. Class A to open at $8.50, and during the day (based on 14 day Average True Range), to move between $8.24 and $8.76, which gives a possible trading interval of +/-$0.265 (+/-3.11%) 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 6.23% 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 (0.59%) than the support at $8.37 (1.53%), 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?
Solaris Oilfield Infrastructure Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.405 Sell Candidate Downgraded
Predicted Opening Price for Solaris Oilfield Infrastructure Inc. Class A of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$8.50 ( 0.0392%) | $8.50 |
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 | 8.67 | 2.04 % | |
R2 | 8.61 | 1.28 % | ||
R1 | 8.57 | 0.80 % | ||
Current price: | 8.50 | |||
Support | S1 | 8.44 | -0.725 % | |
S2 | 8.40 | -1.20 % | ||
S3 | 8.33 | -1.96 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.81 | 3.65 % | |
R2 | 8.74 | 2.82 % | ||
R1 | 8.55 | 0.588 % | ||
Current price | 8.50 | |||
Support | S1 | 8.37 | -1.53% | |
S2 | 8.30 | -2.35% | ||
S3 | 7.28 | -14.35% |
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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