TRANSOCEAN LTD (RIG) Stock Technical Analysis
NYSE:RIG • CH0048265513
Taking everything into account, RIG scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RIG is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that RIG is one of the better performing stocks in the market, outperforming 95% of all stocks.
- RIG is part of the Energy Equipment & Services industry. There are 60 other stocks in this industry. RIG outperforms 88% of them.
- RIG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month RIG has a been trading in the 4.15 - 6.57 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- RIG has an average volume of 42224100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although RIG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.06
When analyzing the support we can see 3 important areas.
- A support zone ranging from 4.50 to 4.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.83 from a trend line in the daily time frame.
- Support @3.09 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for RIG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RIG is up. |
| ChartMill Relative Strength | 95.39 | POSITIVE | RIG has a high relative strength, it outperformed 95.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RIG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RIG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RIG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.62 | OVERBOUGHT | The high RSI value suggests RIG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests RIG has a positive trend. |
| Stochastics (14,3) | 95.79 | OVERBOUGHT | The high Stochastics value suggests RIG may be overbought. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for RIG suggests high volalility. |
| Average Directional Index/ADX (14) | 41.76 | POSITIVE | The high ADX value value for RIG suggests a strong trend. |
6.54
+0.51 (+8.46%)
TRANSOCEAN LTD / RIG FAQ
Can you provide the ChartMill technical rating for TRANSOCEAN LTD?
ChartMill assigns a technical rating of 10 / 10 to RIG.
What is the current trend direction of TRANSOCEAN LTD (RIG) stock?
The current trend direction for TRANSOCEAN LTD (RIG) is Bullish.
What is the RSI signal for RIG stock?
TRANSOCEAN LTD (RIG) has an RSI value of 76.6174. This indicates that the stock is currently overbought.
What is the MACD signal for RIG stock?
The MACD indicator for TRANSOCEAN LTD (RIG) has a value of 0.130058, indicating a bearish trend.
Can you provide the buy/sell signal for TRANSOCEAN LTD?
The buy/sell signal for TRANSOCEAN LTD (RIG) is buy as both the short term and long term trends are positive.