Solaris Oilfield Infrastructure Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Solaris Oilfield Infrastructure Inc. stock price after Friday trading.
(Updated on Apr 19, 2024)
The Solaris Oilfield Infrastructure Inc. stock price gained 3.49% on the last trading day (Friday, 19th Apr 2024), rising from $8.31 to $8.60. During the last trading day the stock fluctuated 4.24% from a day low at $8.25 to a day high of $8.60. The price has fallen in 6 of the last 10 days and is down by -3.8% for this period. Volume fell on the last day by -60 thousand shares and in total, 152 thousand shares were bought and sold for approximately $1.30 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 20.30% during the next 3 months and, with a 90% probability hold a price between $9.88 and $10.99 at the end of this 3-month period.
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SOI Signals & Forecast
The Solaris Oilfield Infrastructure Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $8.47 and $8.56. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -4.02%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Solaris Oilfield Infrastructure Inc. stock
Solaris Oilfield Infrastructure Inc. finds support from accumulated volume at $8.55 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 $0.350 between high and low, or 4.24%. For the last week the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: $8.20 (-4.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (SOI) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Solaris Oilfield Infrastructure Inc. Class A to open at $8.48, and during the day (based on 14 day Average True Range), to move between $8.33 and $8.87, which gives a possible trading interval of +/-$0.270 (+/-3.14%) 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 6.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.55 (0.58%) than the resistance at $8.67 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.155 Hold/Accumulate Upgraded
Predicted Opening Price for Solaris Oilfield Infrastructure Inc. Class A of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $8.48 ( 1.36%) | $8.60 |
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 | 8.83 | 2.71 % | |
| R2 | 8.70 | 1.16 % | ||
| R1 | 8.62 | 0.198 % | ||
| Current price: | 8.60 | |||
| Support | S1 | 8.35 | -2.91 % | |
| S2 | 8.27 | -3.87 % | ||
| S3 | 8.13 | -5.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.81 | 2.44 % | |
| R2 | 8.74 | 1.63 % | ||
| R1 | 8.67 | 0.81 % | ||
| Current price | 8.60 | |||
| Support | S1 | 8.55 | -0.581% | |
| S2 | 8.30 | -3.49% | ||
| S3 | 7.28 | -15.35% |
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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