SSE.L Forecast and Technical Stock AnalysisBuy 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.
- 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.
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.
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.
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
Very Low Low Medium High Very High
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.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now