SUPERIOR DRILLING PRODUCTS

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Ticker:	SDPI
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SUPERIOR DRILLING PRODUCTS - 1H - Technical analysis published on 03/17/2022 (GMT)

Londinia

I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

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SUPERIOR DRILLING PRODUCTS Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

67%

33%

My opinion

Bearish under 1.240 USD

My targets

0.980 USD (-2.97%)

0.887 USD (-12.21%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.240 USD remains possible. It is advisable to trade SUPERIOR DRILLING PRODUCTS with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.240 USD. The next bearish objective for sellers is set at 0.980 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.887 USD. In case of crossing, the next objective would be the support located at 0.840 USD. PS: if there is a bullish break in the resistance located at 1.240 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

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

The SUPERIOR DRILLING PRODUCTS price is 1.010 USD. The price has increased by +12.10% since the last closing and was traded between 0.926 USD and 1.020 USD over the period. The price is currently at +9.07% from its lowest and -0.98% from its highest.

0.926

1.020

1.010

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:

Technical

Technical analysis of this 1H chart of SUPERIOR DRILLING PRODUCTS indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

ProTrendLines

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):	50.56
MACD (12,26,9):	-0.0550
Directional Movement:	7.054
AROON (14):	42.857
DEMA (21):	0.888
Parabolic SAR (0,02-0,02-0,2):	0.882
Elder Ray (13):	0.042
Super Trend (3,10):	1.032
Zig ZAG (10):	1.020
VORTEX (21):	0.9390
Stochastique (14,3,5):	75.75
TEMA (21):	0.895
Williams %R (14):	-14.31
Chande Momentum Oscillator (20):	0.080
Repulse (5,40,3):	8.0540
ROCnROLL:	-1
TRIX (15,9):	-1.1070
Courbe Coppock:	2.70

MA7:	1.093
MA20:	1.091
MA50:	0.919
MA100:	0.925
MAexp7:	0.946
MAexp20:	0.974
MAexp50:	1.075
MAexp100:	1.091
Price / MA7:	-7.59%
Price / MA20:	-7.42%
Price / MA50:	+9.90%
Price / MA100:	+9.19%
Price / MAexp7:	+6.77%
Price / MAexp20:	+3.70%
Price / MAexp50:	-6.05%
Price / MAexp100:	-7.42%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The last news published on SUPERIOR DRILLING PRODUCTS at the time of the generation of this analysis was as follows:

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

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