SOUTH BOW CORP (SOBO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SOBO - CA83671M1059 - Common Stock
Taking everything into account, SOBO scores 7 out of 10 in our technical rating. Although SOBO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, SOBO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 28.68. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.09, a Stop Loss order could be placed below this zone.
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24.44
We found 5 important support areas.
- A support zone ranging from 27.51 to 28.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.65 to 26.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.90 to 26.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.26 from a horizontal line in the daily time frame.
- Support @24.69 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.68 to 29.05. 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 is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOBO is up. |
| ChartMill Relative Strength | 66.82 | NEUTRAL | SOBO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOBO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOBO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOBO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.17 | NEUTRAL | The RSI value for SOBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests SOBO has a positive trend. |
| Stochastics (14,3) | 88.74 | OVERBOUGHT | The high Stochastics value suggests SOBO may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for SOBO suggests low volalility. |
| Average Directional Index/ADX (14) | 16.21 | NEGATIVE | The low ADX value for SOBO suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 29.06 | 27.50 | 1.56 (5.37%) | 18.63% |
| An entry @29.06. This is a Buy Stop order right above the resistance zone. | An exit @27.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.56 points, which is 5.37%. | For a 1.00% total portfolio risk, you can invest 18.63% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
28.42
+0.08 (+0.28%)
SOUTH BOW CORP / SOBO FAQ
Can you provide the ChartMill technical rating for SOUTH BOW CORP?
ChartMill assigns a technical rating of 7 / 10 to SOBO.
What is the trend direction for SOBO stock?
The current trend direction for SOUTH BOW CORP (SOBO) is Bullish.
What is the RSI signal for SOBO stock?
SOUTH BOW CORP (SOBO) has an RSI value of 61.1666. This indicates that the stock is currently neutral.
What is the MACD signal for SOBO stock?
The MACD indicator for SOUTH BOW CORP (SOBO) has a value of 0.0794217, indicating a bearish trend.
What is the short term momentum for SOUTH BOW CORP (SOBO) stock?
The short term momentum for SOUTH BOW CORP (SOBO) is positive.