Superior Drilling Products Stock Technical Analysis
SDPI Stock | USD 1.13 0.02 1.80% |
As of the 17th of April 2024, Superior Drilling has the Coefficient Of Variation of 771.18, risk adjusted performance of 0.0904, and Semi Deviation of 2.04. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Superior Drilling, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate data for nineteen technical drivers for Superior Drilling Products, which can be compared to its competition. Please validate Superior Drilling variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Superior Drilling is priced more or less accurately, providing market reflects its prevalent price of 1.13 per share. Given that Superior Drilling is a hitting penny stock territory we recommend to closely look at its total risk alpha.
Superior Drilling Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Superior, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SuperiorSuperior |
Superior Drilling Analyst Consensus
Target Price | Advice | # of Analysts | |
1.9 | Hold | 1 | Odds |
Most Superior analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Superior stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Superior Drilling, talking to its executives and customers, or listening to Superior conference calls.
Superior Drilling technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Superior Drilling Technical Analysis
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Superior Drilling volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Superior Drilling Trend Analysis
Use this graph to draw trend lines for Superior Drilling Products. You can use it to identify possible trend reversals for Superior Drilling as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Superior Drilling price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Superior Drilling Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Superior Drilling Products applied against its price change over selected period. The best fit line has a slop of 0.01 , which means Superior Drilling Products will continue generating value for investors. It has 122 observation points and a regression sum of squares at 2.02, which is the sum of squared deviations for the predicted Superior Drilling price change compared to its average price change.About Superior Drilling Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Superior Drilling Products on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Superior Drilling Products based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Superior Drilling price pattern first instead of the macroeconomic environment surrounding Superior Drilling. By analyzing Superior Drilling's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Superior Drilling's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Superior Drilling specific price patterns or momentum indicators. Please read more on our technical analysis page.
2023 | 2024 (projected) | Dividend Yield | 0.0278 | 0.0264 | Price To Sales Ratio | 1.01 | 0.96 |
Superior Drilling April 17, 2024 Technical Indicators
Most technical analysis of Superior help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Superior from various momentum indicators to cycle indicators. When you analyze Superior charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.0904 | |||
Market Risk Adjusted Performance | 0.9002 | |||
Mean Deviation | 2.41 | |||
Semi Deviation | 2.04 | |||
Downside Deviation | 2.75 | |||
Coefficient Of Variation | 771.18 | |||
Standard Deviation | 4.61 | |||
Variance | 21.27 | |||
Information Ratio | 0.1176 | |||
Jensen Alpha | 0.558 | |||
Total Risk Alpha | 0.2553 | |||
Sortino Ratio | 0.1974 | |||
Treynor Ratio | 0.8902 | |||
Maximum Drawdown | 34.69 | |||
Value At Risk | (4.11) | |||
Potential Upside | 4.17 | |||
Downside Variance | 7.55 | |||
Semi Variance | 4.16 | |||
Expected Short fall | (3.54) | |||
Skewness | 4.69 | |||
Kurtosis | 30.99 |
Superior Drilling April 17, 2024 Daily Trend Indicators
Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Superior stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Accumulation Distribution | 86,353 | ||
Daily Balance Of Power | 0.09 | ||
Rate Of Daily Change | 1.02 | ||
Day Median Price | 1.20 | ||
Day Typical Price | 1.17 | ||
Price Action Indicator | (0.06) |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Superior Drilling Products. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Superior Stock analysis
When running Superior Drilling's price analysis, check to measure Superior Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Superior Drilling is operating at the current time. Most of Superior Drilling's value examination focuses on studying past and present price action to predict the probability of Superior Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Superior Drilling's price. Additionally, you may evaluate how the addition of Superior Drilling to your portfolios can decrease your overall portfolio volatility.
Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
ETFs Find actively traded Exchange Traded Funds (ETF) from around the world |
Is Superior Drilling's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Superior Drilling. If investors know Superior will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Superior Drilling listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 17.336 | Earnings Share 0.25 | Revenue Per Share 0.706 | Quarterly Revenue Growth (0.19) | Return On Assets 0.0498 |
The market value of Superior Drilling is measured differently than its book value, which is the value of Superior that is recorded on the company's balance sheet. Investors also form their own opinion of Superior Drilling's value that differs from its market value or its book value, called intrinsic value, which is Superior Drilling's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Superior Drilling's market value can be influenced by many factors that don't directly affect Superior Drilling's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Superior Drilling's value and its price as these two are different measures arrived at by different means. Investors typically determine if Superior Drilling is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Superior Drilling's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.