SOUTHERN CO/THE (SO) Stock Technical Analysis
NYSE:SO • US8425871071
Overall SO gets a technical rating of 8 out of 10. 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.
- In the last month SO has a been trading in the 87.78 - 96.70 range, which is quite wide. It is currently trading near the high of this range.
- SO has an average volume of 6154730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, SO turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
- SO is an average performer in the Electric Utilities industry, it outperforms 42% of 46 stocks in the same industry.
- SO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SO is lagging the market.
- Volume is considerably higher in the last couple of days.
Although SO has an excellent technical rating, it does not offer a high quality setup 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
83.24
We found 3 important support areas.
- A support zone ranging from 88.22 to 91.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @86.43 from a trend line in the weekly time frame.
- A support zone ranging from 84.08 to 84.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- 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 | 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 | 55.55 | 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) | 65.35 | NEUTRAL | The RSI value for SO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests SO has a positive trend. |
| Stochastics (14,3) | 81.4 | OVERBOUGHT | The high Stochastics value suggests SO may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for SO suggests some volalility. |
| Average Directional Index/ADX (14) | 25.44 | POSITIVE | The high ADX value value for SO suggests a strong trend. |
95.81
+0.63 (+0.66%)
SOUTHERN CO/THE / SO FAQ
What is the technical rating for SO stock?
ChartMill assigns a technical rating of 8 / 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 Bullish.
What is the RSI signal for SOUTHERN CO/THE (SO) stock?
SOUTHERN CO/THE (SO) has an RSI value of 65.353. 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 positive.
What is the buy/sell signal for SO stock?
The buy/sell signal for SOUTHERN CO/THE (SO) is buy as both the short term and long term trends are positive.