SOUTHERN CO/THE (SO) Stock Technical Analysis
NYSE:SO - New York Stock Exchange, Inc. - US8425871071 - Common Stock - Currency: USD
Overall SO gets a technical rating of 5 out of 10. In the last year, SO was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
SO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SO is performing more or less in line with the market.
SO has an average volume of 5136240 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 66% 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 47% of them.
In the last month SO has a been trading in a tight range between 87.13 and 91.07.
Although the technical rating is only medium, SO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 91.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 89.70, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
80.15
95.09
When analyzing the support we can see 4 important areas.
- A support zone ranging from 88.26 to 89.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 85.85 to 86.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @84.27 from a trend line in the weekly time frame.
- A support zone ranging from 80.96 to 81.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 91.40 to 91.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 93.24 to 94.15. 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 | NEUTRAL | NEUTRAL | The long term trend for SO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SO is up. |
| ChartMill Relative Strength | 66.94 | 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) | DOWN | MIXED | The current price of SO is above a declining 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) | 55.28 | NEUTRAL | The RSI value for SO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests SO has a positive trend. |
| Stochastics (14,3) | 78.73 | NEUTRAL | The Stochastics value for SO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for SO suggests low volalility. |
| Average Directional Index/ADX (14) | 11.28 | NEGATIVE | The low ADX value for SO 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)
90.35
-0.01 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryElectric Utilities
Performance
% Chg-0.01%
1 Week2.37%
2 Weeks0.39%
1 Month3.4%
3 Month-0.03%
6 Month8.59%
12 Month14.88%
2 Year28.61%
3 Year26.7%
5 Year74.25%
10 Year115.63%
15 Year171.48%
Volatility
ATR(14)1.32
ATR(20)%1.54%
ATR Inc4.39%
Range Today1.14
ADR(20)1.37
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.94
Mansfield-0.05
10 Day High91.07
10 Day Low87.49
20 Day High91.07
20 Day Low87.13
52 Week High94.45
52 Week Low76.96
CS1 End89.7
CR1 Start91.4
Volume & EV
DER(3)1.81%
DER(5)1.51%
Volume5.06M
Volume Incr-13.93%
Vol(5)5.04M
Vol(50)5.14M