SOUTHERN CO/THE (SO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SO - US8425871071 - Common Stock
Overall SO gets a technical rating of 1 out of 10. SO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, SO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 87.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 85.65, a Stop Loss order could be placed below this zone.
More info and screens
83.24
When analyzing the support we notice one important area.
- A support zone ranging from 84.08 to 85.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 87.24 to 87.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 90.23 to 92.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 98.29 to 99.72. 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 | DOWN | NEGATIVE | The long term trend for SO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SO is down. |
| ChartMill Relative Strength | 41.13 | NEUTRAL | SO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.13 | NEUTRAL | The RSI value for SO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests SO has a positive trend. |
| Stochastics (14,3) | 39.81 | NEUTRAL | The Stochastics value for SO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for SO suggests low volalility. |
| Average Directional Index/ADX (14) | 36.2 | POSITIVE | The high ADX value value for SO suggests a strong trend. |
87.22
+0.19 (+0.22%)
SOUTHERN CO/THE / SO FAQ
What is the technical rating for SO stock?
ChartMill assigns a technical rating of 1 / 10 to SO.
Can you provide the trend direction for SOUTHERN CO/THE?
The current trend direction for SOUTHERN CO/THE (SO) is Bearish.
What is the RSI signal for SOUTHERN CO/THE (SO) stock?
SOUTHERN CO/THE (SO) has an RSI value of 45.1331. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SOUTHERN CO/THE?
The short term momentum for SOUTHERN CO/THE (SO) is negative.
What are the support and resistance levels for SOUTHERN CO/THE (SO) stock?
SOUTHERN CO/THE (SO) has a support level at 85.65 and a resistance level at 87.24. Check the full technical report for our detailed analysis of SO support and resistance levels.