SOUTH BOW CORP (SOBO.CA) Stock Technical Analysis
TSX:SOBO - Toronto Stock Exchange - CA83671M1059 - Common Stock - Currency: CAD
We assign a technical rating of 3 out of 10 to SOBO. In the last year, SOBO was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, SOBO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 35.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 35.59, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SOBO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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31.98
3 important support areas can be observed.
- A support zone ranging from 35.45 to 35.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.65 to 34.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @32.30 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.82 to 36.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 38.19 to 38.51. 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 SOBO.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOBO.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | SOBO.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOBO.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SOBO.CA is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 50.43 | NEUTRAL | The RSI value for SOBO.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SOBO.CA has a positive trend. |
| Stochastics (14,3) | 67.61 | NEUTRAL | The Stochastics value for SOBO.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for SOBO.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 14.37 | NEGATIVE | The low ADX value for SOBO.CA suggests a weak or negative trend. |
TSX:SOBO (7/11/2025, 7:00:00 PM)
35.82
+0.12 (+0.34%)