SANDRIDGE ENERGY INC (SD) Technical Analysis
NYSE:SD • US80007P8692
Taking everything into account, SD scores 9 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that SD is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by SD over the past year are nicely spread over this period.
- SD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SD is lagging the market slightly.
- SD is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 65% of 207 stocks in the same industry.
- In the last month SD has a been trading in the 16.14 - 18.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.37
We found 2 important support areas.
- A support zone ranging from 14.97 to 15.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.50 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.22 to 17.61. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 87.14 | POSITIVE | SD has a high relative strength, it outperformed 87.14% 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) | 49.45 | NEUTRAL | The RSI value for SD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests SD has a negative trend. |
| Stochastics (14,3) | 39.52 | NEUTRAL | The Stochastics value for SD is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for SD suggests some volalility. |
| Average Directional Index/ADX (14) | 18 | NEGATIVE | The low ADX value for SD suggests a weak or negative 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 |
|---|---|---|---|
| 17.62 | 16.37 | 1.26 (7.12%) | 14.04% |
| An entry @17.62. This is a Buy Stop order right above the resistance zone. | An exit @16.36. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.26 points, which is 7.12%. | When investing 14.04% 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.
SD Technicals: Chart, Performance Metrics, Trend & Indicators
16.81
-0.54 (-3.11%)
SANDRIDGE ENERGY INC / SD FAQ
Can you provide the ChartMill technical rating for SANDRIDGE ENERGY INC?
ChartMill assigns a technical rating of 9 / 10 to SD.
Can you provide the trend direction for SANDRIDGE ENERGY INC?
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 49.4462. This indicates that the stock is currently neutral.
What is the short term momentum for SANDRIDGE ENERGY INC (SD) stock?
The short term momentum for SANDRIDGE ENERGY INC (SD) is neutral.
Can you provide the support and resistance levels for SANDRIDGE ENERGY INC?
SANDRIDGE ENERGY INC (SD) has a support level at 15.15 and a resistance level at 17.22. Check the full technical report for our detailed analysis of SD support and resistance levels.