Weaker Buy Today SSE.L ranks #237 as BUY CANDIDATE #237 Stronger Buy

SSE.L stock forecast Seventy Seven Energy Inc

SSE.L stock forecast

VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

SSE.L Forecast and Technical Stock Analysis

Buy candidate since 2019-07-09 Gain 1.57%

Seventy Seven Energy Inc gained 0.95% in the last trading day ( Thursday, 18th Jul 2019 ), rising from £11.53 to £11.64 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 2.35% from a day low at £11.51 to a day high of £11.78. The price has been going up and down for this period, and there has been a 0.09% 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, 3.86 million more shares were traded than the day before. In total, 7.23 million shares bought and sold for approximately £84.12 million.

Quick summary:

  • 30 day high of the SSE.L stock price was £11.78 and low was £10.99.
  • 90 day high was £11.93 and low was £9.98.
  • 52 week high for the Seventy Seven Energy Inc - £1 264.50 and low - £9.98.
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Trend

Seventy Seven Energy Inc lies in the upper part of a wide and weak 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 £11.85 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 3.1% during the next 3 months and, with 90% probability hold a price between £10.63 and £12.22 at the end of this period.

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Signals

Only positive signals in the chart today. Seventy Seven Energy Inc 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 £11.51 and £11.27. A break down below any of these levels will issue sell signals. 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.

Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 80 ]

RSI14 is 71 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

Seventy Seven Energy Inc finds support from accumulated volume at £11.26.

Support: £11.26 Price: £11.64

Risk

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 £0.27 (2.35%) between high and low. For the last week, the stock has had a daily average volatility of 1.54%.

Our recommended stoploss: £11.02 (-5.32%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 8 days ago.)

1.54 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Strong Buy Candidate Upgraded

Evaluation

Seventy Seven Energy Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Weaker Buy Today SSE.L ranks #237 as BUY CANDIDATE #237 Stronger Buy

Will SSE.L stock price go up or down on Mon, 22 Jul 2019?

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