SUPERIOR DRILLING PRODUCTS I (SDPI) Stock Technical Analysis
NYSEARCA:SDPI - NYSE Arca - US8681531070 - Common Stock - Currency: USD
Taking everything into account, SDPI scores 0 out of 10 in our technical rating. SDPI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, SDPI is a bad performer in the overall market: 82% of all stocks are doing better.
In the last month SDPI has a been trading in the 0.99 - 1.29 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
SDPI is an average performer in the Energy Equipment & Services industry, it outperforms 46% of 63 stocks in the same industry.
SDPI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SDPI is lagging the market slightly.
The technical rating of SDPI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.63
1.34
We found 4 important support areas.
- A support zone ranging from 0.99 to 1.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.79 to 0.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.73 from a trend line in the daily time frame.
- Support @0.64 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.23 to 1.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.27 from a trend line in the weekly time frame.
- Resistance @1.33 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for SDPI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SDPI is down. |
| ChartMill Relative Strength | 18.8 | NEGATIVE | SDPI has a low relative strength, it was outperformed by 81.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SDPI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SDPI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SDPI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.11 | OVERSOLD | The low RSI value suggests SDPI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SDPI has a negative trend. |
| Stochastics (14,3) | 2.93 | OVERSOLD | The low Stochastics value suggests SDPI may be oversold. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for SDPI suggests high volalility. |
| Average Directional Index/ADX (14) | 28.81 | POSITIVE | The high ADX value value for SDPI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.01
+0.01 (+1.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.5%
1 Week-19.2%
2 Weeks-18.55%
1 Month-16.53%
3 Month-18.55%
6 Month41.04%
12 Month-19.2%
2 Year14.59%
3 Year40.65%
5 Year7.89%
10 Year-83.76%
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.5%
ATR Inc-3.37%
Range Today0.01
ADR(20)0.06
ADR(20)%6.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.8
Mansfield-0.39
10 Day High1.29
10 Day Low1
20 Day High1.29
20 Day Low1
52 Week High1.47
52 Week Low0.58
CS1 End1
CR1 Start1.23
Volume & EV
DER(3)-3.71%
DER(5)-2.43%
Volume112.70K
Volume Incr207.1%
Vol(5)114.98K
Vol(50)49.51K