SANDRIDGE ENERGY INC (SD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SD - US80007P8692 - Common Stock
Taking everything into account, SD scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, SD also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 13.83, a Stop Loss order could be placed below this zone.
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4 important support areas can be observed.
- Support @13.83 from a horizontal line in the daily time frame.
- Support @12.22 from a trend line in the daily time frame.
- A support zone ranging from 11.19 to 11.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @10.69 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.23 to 15.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SD is neutral. |
| ChartMill Relative Strength | 89.28 | POSITIVE | SD has a high relative strength, it outperformed 89.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.73 | NEUTRAL | The RSI value for SD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests SD has a negative trend. |
| Stochastics (14,3) | 19.3 | OVERSOLD | The low Stochastics value suggests SD may be oversold. |
| Average True Range in percent/ATR (20) | 3.15 | MEDIUM VOLATILITY | The ATR as a percentage value for SD suggests some volalility. |
| Average Directional Index/ADX (14) | 43.21 | POSITIVE | The high ADX value value for SD suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.73 | 13.82 | 0.91 (6.18%) | 16.17% |
| An entry @14.73. This is a Buy Stop order right above the 10 day moving average. | An exit @13.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.91 points, which is 6.18%. | When investing 16.17% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.1
+0.26 (+1.88%)
SANDRIDGE ENERGY INC / SD FAQ
Can you provide the ChartMill technical rating for SANDRIDGE ENERGY INC?
ChartMill assigns a technical rating of 8 / 10 to SD.
What is the trend direction for SD stock?
The current trend direction for SANDRIDGE ENERGY INC (SD) is Bullish.
What is the RSI signal for SD stock?
SANDRIDGE ENERGY INC (SD) has an RSI value of 49.725. This indicates that the stock is currently neutral.
What is the short term momentum for SD stock?
The short term momentum for SANDRIDGE ENERGY INC (SD) is neutral.