SUPERIOR DRILLING PRODUCTS

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Type:	Stocks
Ticker:	SDPI
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SUPERIOR DRILLING PRODUCTS - 1H - Technical analysis published on 10/04/2021 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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SUPERIOR DRILLING PRODUCTS Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

11%

33%

My opinion

Bullish above 1.82 USD

My targets

1.97 USD (+4.63%)

2.15 USD (+14.20%)

My analysis

SUPERIOR DRILLING PRODUCTS is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.82 USD. The next resistance located at 1.97 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.15 USD. After this resistance, buyers could then target 2.24 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.5

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by aba0550.

Additional analysis

Quotes

SUPERIOR DRILLING PRODUCTS rating 1.88 USD. The price has increased by +23.68% since the last closing and was between 1.58 USD and 2.38 USD. This implies that the price is at +18.99% from its lowest and at -21.01% from its highest.

1.58

2.38

1.88

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

A technical analysis in 1H of this SUPERIOR DRILLING PRODUCTS chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1.07	1.40	1.82	1.88	2.24	5.04
Change (%)	-43.09%	-25.64%	-3.19%	-	+19.15%	+168.09%
Change	-0.81	-0.48	-0.06	-	+0.36	+3.16
Level	Minor	Intermediate	Intermediate	-	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.71	1.15	1.51	1.95	2.31	2.75	3.11
Camarilla	1.66	1.73	1.81	1.88	1.95	2.03	2.10
Woodie	0.68	1.13	1.48	1.93	2.28	2.73	3.08
Fibonacci	1.15	1.45	1.64	1.95	2.25	2.44	2.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.11	0.33	0.93	1.37	1.97	2.41	3.01
Camarilla	1.23	1.33	1.43	1.52	1.62	1.71	1.81
Woodie	-0.04	0.37	1.00	1.41	2.04	2.45	3.08
Fibonacci	0.33	0.73	0.98	1.37	1.77	2.02	2.41

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.09	0.30	1.03	1.42	2.15	2.54	3.27
Camarilla	1.44	1.55	1.65	1.75	1.85	1.96	2.06
Woodie	0.07	0.39	1.19	1.51	2.31	2.63	3.43
Fibonacci	0.30	0.73	1.00	1.42	1.85	2.12	2.54

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	60.15
MACD (12,26,9):	0.2300
Directional Movement:	22.28
AROON (14):	64.29
DEMA (21):	1.97
Parabolic SAR (0,02-0,02-0,2):	1.68
Elder Ray (13):	0.04
Super Trend (3,10):	1.48
Zig ZAG (10):	1.88
VORTEX (21):	1.0800
Stochastique (14,3,5):	54.85
TEMA (21):	2.05
Williams %R (14):	-51.02
Chande Momentum Oscillator (20):	0.43
Repulse (5,40,3):	-5.4500
ROCnROLL:	1
TRIX (15,9):	2.5800
Courbe Coppock:	81.51

MA7:	1.25
MA20:	0.96
MA50:	0.83
MA100:	0.83
MAexp7:	1.90
MAexp20:	1.67
MAexp50:	1.34
MAexp100:	1.12
Price / MA7:	+50.40%
Price / MA20:	+95.83%
Price / MA50:	+126.51%
Price / MA100:	+126.51%
Price / MAexp7:	-1.05%
Price / MAexp20:	+12.57%
Price / MAexp50:	+40.30%
Price / MAexp100:	+67.86%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

Don't forget to follow the news on SUPERIOR DRILLING PRODUCTS. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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