SOLARIS OILFIELD INFRAST-A (SOI) Technical Analysis
NYSE:SOI • US83418M1036
Current stock price
SOI Technical Rating and Analysis
Taking everything into account, SOI scores 5 out of 10 in our technical rating. SOI has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- SOI is one of the lesser performing stocks in the Energy Equipment & Services industry. 81% of 60 stocks in the same industry do better.
- In the last month SOI has a been trading in the 11.06 - 12.74 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the yearly performance of all stocks, we notice that SOI is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- SOI 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 SOI is lagging the market slightly.
SOI Weekly and Daily overview Charts
SOI Setup Rating and Analysis
Although the technical rating is only medium, SOI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 11.31, a Stop Loss order could be placed below this zone.
More info and screens
SOI Support and Resistance Analysis
7.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.25 to 11.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.85 to 8.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.06 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.74 to 11.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @12.49 from a trend line in the daily time frame.
- A resistance zone ranging from 12.69 to 12.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
SOI Technical Indicator Signal Analysis
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 SOI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOI is down. |
| ChartMill Relative Strength | 79.23 | POSITIVE | SOI has a high relative strength, it outperformed 79.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SOI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.54 | NEUTRAL | The RSI value for SOI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests SOI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.05 | OVERSOLD | The low Stochastics value suggests SOI may be oversold. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for SOI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.61 | NEGATIVE | The low ADX value for SOI suggests a weak or negative trend. |
SOI Chart- and CandleStick Pattern Analysis
SOI Technicals: Chart, Performance Metrics, Trend & Indicators
11.32
-0.1 (-0.88%)
SOLARIS OILFIELD INFRAST-A / SOI TA FAQ
What is the ChartMill technical rating of SOLARIS OILFIELD INFRAST-A (SOI) stock?
ChartMill assigns a technical rating of 5 / 10 to SOI.
What is the trend direction for SOI stock?
The current trend direction for SOLARIS OILFIELD INFRAST-A (SOI) is Bullish.
What is the RSI signal for SOI stock?
SOLARIS OILFIELD INFRAST-A (SOI) has an RSI value of 42.5423. This indicates that the stock is currently neutral.
What is the buy/sell signal for SOI stock?
The buy/sell signal for SOLARIS OILFIELD INFRAST-A (SOI) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for SOLARIS OILFIELD INFRAST-A (SOI) stock?
SOLARIS OILFIELD INFRAST-A (SOI) has a support level at 11.31 and a resistance level at 11.74. Check the full technical report for our detailed analysis of SOI support and resistance levels.