TRANSOCEAN LTD (RIG) Stock Technical Analysis
USA - NYSE:RIG - CH0048265513 - Common Stock
We assign a technical rating of 8 out of 10 to RIG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RIG is only an average performer.
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.
More info and screens
3.06
We found 3 important support areas.
- A support zone ranging from 3.70 to 3.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.16 from a trend line in the daily time frame.
- A support zone ranging from 3.09 to 3.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.91 to 3.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 70.25 | POSITIVE | RIG has a high relative strength, it outperformed 70.25% 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) | DOWN | MIXED | The current price of RIG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.15 | NEUTRAL | The RSI value for RIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RIG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.71 | NEUTRAL | The Stochastics value for RIG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.8 | MEDIUM VOLATILITY | The ATR as a percentage value for RIG suggests some volalility. |
| Average Directional Index/ADX (14) | 25.98 | POSITIVE | The high ADX value value for RIG suggests a strong trend. |
3.84
-0.07 (-1.79%)
TRANSOCEAN LTD / RIG FAQ
Can you provide the ChartMill technical rating for TRANSOCEAN LTD?
ChartMill assigns a technical rating of 8 / 10 to RIG.
What is the trend direction for 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 63.1484. This indicates that the stock is currently neutral.
What is the buy/sell signal for TRANSOCEAN LTD (RIG) stock?
The buy/sell signal for TRANSOCEAN LTD (RIG) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for TRANSOCEAN LTD (RIG) stock?
TRANSOCEAN LTD (RIG) has a support level at 3.74 and a resistance level at 3.91. Check the full technical report for our detailed analysis of RIG support and resistance levels.