SOUTHERN CO/THE (SO) Stock Technical Analysis
NYSE:SO - New York Stock Exchange, Inc. - US8425871071 - Common Stock - Currency: USD
Taking everything into account, SO scores 8 out of 10 in our technical rating. Although SO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
SO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SO is lagging the market slightly.
In the last month SO has a been trading in the 90.38 - 96.44 range, which is quite wide. It is currently trading near the high of this range.
SO has an average volume of 5336750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SO outperforms 48% of them, which is more or less in line with the market.
SO is part of the Electric Utilities industry. There are 47 other stocks in this industry, SO did better than 60% of them.
SO has an excellent technical rating, but the quality of the setup is only medium 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
84.35
96.81
We found 3 important support areas.
- A support zone ranging from 90.48 to 93.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 86.86 to 88.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @85.20 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 94.36 to 95.85. This zone is formed by a combination of multiple trend lines and important moving averages 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 SO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SO is up. |
| ChartMill Relative Strength | 48.75 | NEUTRAL | SO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.43 | NEUTRAL | The RSI value for SO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests SO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.53 | NEUTRAL | The Stochastics value for SO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for SO suggests low volalility. |
| Average Directional Index/ADX (14) | 24.79 | NEUTRAL | The ADX value for SO suggests a possible start of a new 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)
94.3
-1.05 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-1.1%
1 Week-0.52%
2 Weeks1.75%
1 Month3.74%
3 Month3.57%
6 Month12.33%
12 Month6.46%
2 Year30.36%
3 Year22.64%
5 Year72.68%
10 Year110.82%
15 Year166.91%
Volatility
ATR(14)1.23
ATR(20)%1.33%
ATR Inc-17.37%
Range Today1.36
ADR(20)1.22
ADR(20)%1.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.75
Mansfield-0.28
10 Day High96.44
10 Day Low91.87
20 Day High96.44
20 Day Low90.38
52 Week High96.44
52 Week Low80.46
CS1 End93.19
CR1 Start94.36
Volume & EV
DER(3)-1.55%
DER(5)-0.44%
Volume5.48M
Volume Incr-19.42%
Vol(5)4.14M
Vol(50)5.34M