SUPERIOR DRILLING PRODUCTS - 15 min. - Technical analysis published on 03/17/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.993 USD
My targets
1.027 USD (+1.71%)
1.240 USD (+22.77%)
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 0.993 USD. The next resistance located at 1.027 USD is the next bullish target 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 1.240 USD. After this resistance, buyers could then target 1.400 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.4
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Additional analysis
Quotes
The SUPERIOR DRILLING PRODUCTS rating is 1.010 USD. The price registered an increase of +12.10% on the session and was between 0.926 USD and 1.020 USD. This implies that the price is at +9.07% from its lowest and at -0.98% from its highest.0.926
1.020
1.010
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SUPERIOR DRILLING PRODUCTS in 15 min. shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.670 | 0.840 | 0.980 | 1.010 | 1.240 | 1.400 | 1.600 |
| Change (%) | -33.66% | -16.83% | -2.97% | - | +22.77% | +38.61% | +58.42% |
| Change | -0.340 | -0.170 | -0.030 | - | +0.230 | +0.390 | +0.590 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.787 | 0.834 | 0.867 | 0.914 | 0.947 | 0.994 | 1.027 |
| Camarilla | 0.879 | 0.886 | 0.894 | 0.901 | 0.908 | 0.916 | 0.923 |
| Woodie | 0.781 | 0.831 | 0.861 | 0.911 | 0.941 | 0.991 | 1.021 |
| Fibonacci | 0.834 | 0.864 | 0.883 | 0.914 | 0.944 | 0.963 | 0.994 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.147 | 0.623 | 0.887 | 1.363 | 1.627 | 2.103 | 2.367 |
| Camarilla | 0.947 | 1.014 | 1.082 | 1.150 | 1.218 | 1.286 | 1.354 |
| Woodie | 0.040 | 0.570 | 0.780 | 1.310 | 1.520 | 2.050 | 2.260 |
| Fibonacci | 0.623 | 0.906 | 1.081 | 1.363 | 1.646 | 1.821 | 2.103 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.357 | 0.543 | 0.807 | 0.993 | 1.257 | 1.443 | 1.707 |
| Camarilla | 0.946 | 0.988 | 1.029 | 1.070 | 1.111 | 1.153 | 1.194 |
| Woodie | 0.395 | 0.563 | 0.845 | 1.013 | 1.295 | 1.463 | 1.745 |
| Fibonacci | 0.543 | 0.715 | 0.821 | 0.993 | 1.165 | 1.271 | 1.443 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 77.85 | |
| MACD (12,26,9): | 0.0240 | |
| Directional Movement: | 22.015 | |
| AROON (14): | 85.714 | |
| DEMA (21): | 0.973 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.924 | |
| Elder Ray (13): | 0.047 | |
| Super Trend (3,10): | 0.946 | |
| Zig ZAG (10): | 1.020 | |
| VORTEX (21): | 1.2620 | |
| Stochastique (14,3,5): | 90.66 | |
| TEMA (21): | 0.998 | |
| Williams %R (14): | -16.81 | |
| Chande Momentum Oscillator (20): | 0.099 | |
| Repulse (5,40,3): | 2.6690 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 17.73 |
| MA7: | 1.093 | |
| MA20: | 1.091 | |
| MA50: | 0.919 | |
| MA100: | 0.925 | |
| MAexp7: | 0.984 | |
| MAexp20: | 0.948 | |
| MAexp50: | 0.947 | |
| MAexp100: | 1.004 | |
| Price / MA7: | -7.59% | |
| Price / MA20: | -7.42% | |
| Price / MA50: | +9.90% | |
| Price / MA100: | +9.19% | |
| Price / MAexp7: | +2.64% | |
| Price / MAexp20: | +6.54% | |
| Price / MAexp50: | +6.65% | |
| Price / MAexp100: | +0.60% |
Quotes :
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15 min delayed data
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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:
- Superior Drilling Products, Inc. Grew Revenue 156% and Achieved Earnings per Share of $0.02 in Fourth Quarter 2021
- Superior Drilling Products to Report Fourth Quarter 2021 Financial Results and Host Conference Call on March 11
- Superior Drilling Products, Inc. to Webcast Presentation at Sidoti & Company Virtual Microcap Conference
- Superior Drilling Products, Inc. Reports Continued Sequential Growth in Revenue to $3.6 Million and Strengthening Profitability in Third Quarter 2021
- Superior Drilling Products to Report Third Quarter 2021 Financial Results and Host Conference Call on November 12
This member declared not having a position on this financial instrument or a related financial instrument.
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