SOUTHERN CO/THE (SO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SO - US8425871071 - Common Stock
We assign a technical rating of 1 out of 10 to SO. SO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 87.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.63, a Stop Loss order could be placed below this zone.
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83.24
When analyzing the support we notice one important area.
- A support zone ranging from 84.08 to 86.63. 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 87.16 to 88.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @92.56 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The short term trend for SO is neutral. |
| ChartMill Relative Strength | 28.02 | NEGATIVE | SO has a low relative strength, it was outperformed by 71.98% off all stocks 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) | 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) | 47.74 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 59.85 | NEUTRAL | The Stochastics value for SO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.4 | LOW VOLATILITY | The low ATR as a percentage value for SO suggests low volalility. |
| Average Directional Index/ADX (14) | 21.89 | NEUTRAL | The ADX value for SO suggests a possible start of a new trend. |
87.01
-0.21 (-0.24%)
SOUTHERN CO/THE / SO FAQ
What is the technical rating for SO stock?
ChartMill assigns a technical rating of 1 / 10 to SO.
What is the current trend direction of SOUTHERN CO/THE (SO) stock?
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 47.7376. This indicates that the stock is currently neutral.
What is the short term momentum for SO stock?
The short term momentum for SOUTHERN CO/THE (SO) is neutral.