TRANSOCEAN LTD (RIG) Stock Technical Analysis
NYSE:RIG - New York Stock Exchange, Inc. - CH0048265513 - Common Stock - Currency: USD
Taking everything into account, RIG scores 4 out of 10 in our technical rating. In the past year, RIG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
92% of all other stocks performed better in the past year than RIG.
RIG is one of the lesser performing stocks in the Energy Equipment & Services industry. 72% of 63 stocks in the same industry do better.
RIG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RIG is lagging the market.
RIG has an average volume of 42642200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month RIG has a been trading in the 2.34 - 3.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RIG has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
2.38
3.35
2 important support areas can be observed.
- Support @2.76 from a trend line in the daily time frame.
- Support @2.40 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.79 to 2.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.27 to 3.32. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for RIG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RIG is neutral. |
| ChartMill Relative Strength | 8.8 | NEGATIVE | RIG has a low relative strength, it was outperformed by 91.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RIG is below 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 | NEGATIVE | The current price of RIG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.72 | NEUTRAL | The RSI value for RIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RIG has a negative trend. |
| Stochastics (14,3) | 50.74 | NEUTRAL | The Stochastics value for RIG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.76 | HIGH VOLATILITY | The high ATR as a percentage value for RIG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.39 | POSITIVE | The high ADX value value for RIG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.78
-0.13 (-4.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-4.47%
1 Week-16.27%
2 Weeks0.72%
1 Month15.35%
3 Month-13.12%
6 Month-21.25%
12 Month-48.04%
2 Year-60.34%
3 Year-16.52%
5 Year51.91%
10 Year-82.75%
15 Year-94%
Volatility
ATR(14)0.17
ATR(20)%5.76%
ATR Inc17.7%
Range Today0.18
ADR(20)0.15
ADR(20)%5.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.8
Mansfield-2.99
10 Day High3.37
10 Day Low2.77
20 Day High3.37
20 Day Low2.34
52 Week High5.98
52 Week Low1.97
CS1 End2.76
CR1 Start2.79
Volume & EV
DER(3)-4.28%
DER(5)-2.96%
Volume56.71M
Volume Incr23.55%
Vol(5)52.77M
Vol(50)42.64M