TRANSOCEAN LTD (RIG) Stock Technical Analysis
NYSE:RIG - New York Stock Exchange, Inc. - CH0048265513 - Common Stock - Currency: USD
Taking everything into account, RIG scores 1 out of 10 in our technical rating. RIG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, RIG is a bad performer in the overall market: 92% of all stocks are doing better.
RIG is part of the Energy Equipment & Services industry. There are 63 other stocks in this industry, of which 67% are performing better than RIG.
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 41118600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month RIG has a been trading in the 2.27 - 2.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RIG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for RIG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.10
3.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 2.16 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.12 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 2.50 to 2.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.62 from a horizontal line in the weekly time frame.
- Resistance @2.74 from a trend line in the weekly time frame.
- Resistance @2.79 from a horizontal line in the daily time frame.
- Resistance @3.23 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for RIG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RIG is neutral. |
| ChartMill Relative Strength | 8.69 | NEGATIVE | RIG has a low relative strength, it was outperformed by 91.31% 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) | DOWN | NEGATIVE | The current price of RIG is below a declining 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) | 48.17 | NEUTRAL | The RSI value for RIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RIG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 39.51 | NEUTRAL | The Stochastics value for RIG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for RIG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.39 | NEGATIVE | The low ADX value for RIG suggests a weak or negative 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)
2.49
-0.11 (-4.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-4.23%
1 Week3.32%
2 Weeks-6.39%
1 Month6.41%
3 Month-15.59%
6 Month-43.41%
12 Month-59.84%
2 Year-56.47%
3 Year-39.56%
5 Year87.22%
10 Year-86.79%
15 Year-95.61%
Volatility
ATR(14)0.14
ATR(20)%5.57%
ATR Inc-23.27%
Range Today0.11
ADR(20)0.12
ADR(20)%4.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.69
Mansfield-3.94
10 Day High2.7
10 Day Low2.34
20 Day High2.88
20 Day Low2.27
52 Week High6.25
52 Week Low1.97
CS1 End2.17
CR1 Start2.5
Volume & EV
DER(3)4.72%
DER(5)5.38%
Volume34.17M
Volume Incr-16.98%
Vol(5)32.45M
Vol(50)41.12M