USA - New York Stock Exchange - NYSE:RIG - CH0048265513 - Common Stock
We assign a technical rating of 9 out of 10 to RIG. Both in the recent history as in the last year, RIG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although RIG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
3.06
When analyzing the support we can see 4 important areas.
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 | 86.18 | POSITIVE | RIG has a high relative strength, it outperformed 86.18% 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) | 68.21 | NEUTRAL | The RSI value for RIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RIG has a positive trend. |
| Stochastics (14,3) | 78.92 | NEUTRAL | The Stochastics value for RIG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.01 | HIGH VOLATILITY | The high ATR as a percentage value for RIG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.65 | NEUTRAL | The ADX value for RIG suggests a possible start of a new trend. |
4.41
+0.11 (+2.56%)
ChartMill assigns a technical rating of 9 / 10 to RIG.
The current trend direction for TRANSOCEAN LTD (RIG) is Bullish.
TRANSOCEAN LTD (RIG) has an RSI value of 68.2093. This indicates that the stock is currently neutral.
The buy/sell signal for TRANSOCEAN LTD (RIG) is buy as both the short term and long term trends are positive.
TRANSOCEAN LTD (RIG) has a support level at 3.97. Check the full technical report for our detailed analysis of RIG support and resistance levels.