Stronger Sell Today SSE.L ranks #4133 as SELL CANDIDATE. Weaker Sell
Today SSE.L ranks #4133 as SELL CANDIDATE.

SSE.L stock Seventy Seven Energy Inc

SSE.L stock
Seventy Seven Energy Inc

April 24, 2019
Change 0.58%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will SSE.L stock price go up or down on Fri, 26 Apr 2019?

Seventy Seven Energy Inc Forecast and Stock Analysis

Technical SSE.L stock analysis for April 24, 2019.

Sell candidate since 2019-04-17 Gain 0.75%

Seventy Seven Energy Inc gained 0.58% in the last trading day, rising from £1 129.00 to £1 135.50 , 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. The price has fallen in 6 of the last 10 days and is down by -1.56% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.71 million more shares were traded than the day before. In total, 2.50 million shares bought and sold for approximately £2 842.18 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the SSE.L stock was £1 135.50. This is 0.58% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 1.83% from a day low at £1 118.00 to a day high of £1 138.50.

30 day high of the SSE.L stock price was £1 228.00 and low was £1 115.00.
90 day high was £1 239.00 and low was £1 115.00.
52 week high for the Seventy Seven Energy Inc - £1 449.50 and low - £1 026.50.

Trend

Seventy Seven Energy Inc is the lower part of a horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at £1 123.22 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect Seventy Seven Energy Inc with 90% probability to be traded between £1 101.76 and £1 200.52 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Thursday April 18, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Seventy Seven Energy Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at £1 181.60. On a fall, the stock will find some support from the short-term average at £1 131.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

Seventy Seven Energy Inc finds support from accumulated volume at £1 134.00.

Support: £1 134.00 Price: £1 135.50 Resistance: £1 168.50

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 £20.50 (1.83%) between high and low. For the last week, the stock has had a daily average volatility of 1.44%.

Seventy Seven Energy Inc is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Stronger Sell Today SSE.L ranks #4133 as SELL CANDIDATE. Weaker Sell
Today SSE.L ranks #4133 as SELL CANDIDATE.