All technical analysis done on a 2 year daily log
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Posted On: 09/13/2018 6:49:31 PM
All technical analysis done on a 2 year daily log chart.
A/D- crosses positive a year ago and has been on a upslope ever since- Bullish and an indication that people are buying and holding.
Aroon- High at 55 and low at 10- just came off a prolonged period of low touching the top boundary- looks like it will stay reversed for some time- Bullish
Bollingers- bands just broke up after a period of tightening. The lower band is looking like it will be adjusting upwards. Currently sitting dead in the middle. I think a test fo the upper band is likely within the next week- Bullish
Avg. Vol- 20 day period avg is just under 4 million- low because of the summer lull- I personally have been buying the lull
CMF- currently experiencing an inflow- take note of how small the outflows have been over the last 2 pos/neg switches- imo Bullish
EMA's- price currently squeezing between the 100 and 200 with the 20 and 50 looking to break above the 100 again soon....the cross will bring volume- bullish!
I-clould- tenkan crossed the kijun to the downside, however price was not in the cloud, so there is no reliable direction that can be assumed
MACD- now this one has me very excited!- going positive on decent volume after a LONG TIME under the line after the run to .02...!!
Money Flow- now back into the range where we launched the last .006 to .02 run and we are seeing 200k in dollar volume days again, just like in April- this is a good sign that price is being supported here, particularly important with conversions mathematically close to closing out
PSAR- still below-bearish, will break bullish with a break of .01
Rate of change- still around 10 range- low rate of change- this is neutral, but the stock has reliably swung upwards from this level, and has rarely broken below
RSI- 51- neutral, room to run either way
Stoch slow- in the middle and lines are coupled- neutral, but will give a good indication pre- swing either way
There are some large tailwinds for oilfield service right now. Middle America is profitable again and there is a need for rigs. SSOF has 11 rigs. If even 2 sell, we are looking at a revenue double. With the merger and audit we will soon know if these guys are the real deal. My biggest excitement comes from the fact that the new Tax law changes will see large oilfield players buying equipment like rigs to boost their bottom line by paying Uncle Sam way less and having the added benefit of boosting their business! Hope someone got something from the analysis!
A/D- crosses positive a year ago and has been on a upslope ever since- Bullish and an indication that people are buying and holding.
Aroon- High at 55 and low at 10- just came off a prolonged period of low touching the top boundary- looks like it will stay reversed for some time- Bullish
Bollingers- bands just broke up after a period of tightening. The lower band is looking like it will be adjusting upwards. Currently sitting dead in the middle. I think a test fo the upper band is likely within the next week- Bullish
Avg. Vol- 20 day period avg is just under 4 million- low because of the summer lull- I personally have been buying the lull
CMF- currently experiencing an inflow- take note of how small the outflows have been over the last 2 pos/neg switches- imo Bullish
EMA's- price currently squeezing between the 100 and 200 with the 20 and 50 looking to break above the 100 again soon....the cross will bring volume- bullish!
I-clould- tenkan crossed the kijun to the downside, however price was not in the cloud, so there is no reliable direction that can be assumed
MACD- now this one has me very excited!- going positive on decent volume after a LONG TIME under the line after the run to .02...!!
Money Flow- now back into the range where we launched the last .006 to .02 run and we are seeing 200k in dollar volume days again, just like in April- this is a good sign that price is being supported here, particularly important with conversions mathematically close to closing out
PSAR- still below-bearish, will break bullish with a break of .01
Rate of change- still around 10 range- low rate of change- this is neutral, but the stock has reliably swung upwards from this level, and has rarely broken below
RSI- 51- neutral, room to run either way
Stoch slow- in the middle and lines are coupled- neutral, but will give a good indication pre- swing either way
There are some large tailwinds for oilfield service right now. Middle America is profitable again and there is a need for rigs. SSOF has 11 rigs. If even 2 sell, we are looking at a revenue double. With the merger and audit we will soon know if these guys are the real deal. My biggest excitement comes from the fact that the new Tax law changes will see large oilfield players buying equipment like rigs to boost their bottom line by paying Uncle Sam way less and having the added benefit of boosting their business! Hope someone got something from the analysis!
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