Solaris Oilfield Infrastructure Inc. Stock Forecast
Weaker technical forecast for Solaris Oilfield Infrastructure Inc. as stock downgraded to Sell Candidate.
(Updated on Apr 15, 2024)
The Solaris Oilfield Infrastructure Inc. stock price fell by -0.234% on the last day (Monday, 15th Apr 2024) from $8.53 to $8.51. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.12% from a day low at $8.48 to a day high of $8.75. The price has fallen in 6 of the last 10 days and is down by -2.3% for this period. Volume has increased on the last day by 54 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 187 thousand shares were bought and sold for approximately $1.59 million.
Given the current short-term trend, the stock is expected to rise 27.32% during the next 3 months and, with a 90% probability hold a price between $10.83 and $11.53 at the end of this 3-month period.
SOI Signals & Forecast
There are few to no technical positive signals at the moment. The Solaris Oilfield Infrastructure Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $8.81 and $8.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -5.02%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Solaris Oilfield Infrastructure Inc. stock
Solaris Oilfield Infrastructure Inc. finds support from accumulated volume at $8.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.265 between high and low, or 3.12%. For the last week the stock has had daily average volatility of 3.06%.
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 Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Solaris Oilfield Infrastructure Inc. Class A to open at $8.58, and during the day (based on 14 day Average True Range), to move between $8.25 and $8.77, which gives a possible trading interval of +/-$0.257 (+/-3.02%) 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 6.03% 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 (0.47%) than the support at $8.30 (2.47%), 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.
Is Solaris Oilfield Infrastructure Inc. Class A stock A Buy?
The Solaris Oilfield Infrastructure Inc. stock holds several negative signals and despite the positive trend, we believe Solaris Oilfield Infrastructure Inc. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -3.906 Sell Candidate Downgraded
Predicted Opening Price for Solaris Oilfield Infrastructure Inc. Class A of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $8.58 ( 0.80%) | $8.51 |
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 | 8.84 | 3.92 % | |
| R2 | 8.74 | 2.73 % | ||
| R1 | 8.68 | 1.99 % | ||
| Current price: | 8.51 | |||
| Support | S1 | 8.48 | -0.387 % | |
| S2 | 8.41 | -1.12 % | ||
| S3 | 8.31 | -2.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.81 | 3.53 % | |
| R2 | 8.74 | 2.70 % | ||
| R1 | 8.55 | 0.470 % | ||
| Current price | 8.51 | |||
| Support | S1 | 8.30 | -2.47% | |
| S2 | 7.28 | -14.45% | ||
| S3 | 7.21 | -15.28% |
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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