SOUTH BOW CORP (SOBO) Stock Technical Analysis
USA - NYSE:SOBO - CA83671M1059 - Common Stock
29.05 USD
+0.24 (+0.83%)
29.05 USD
0 (0%)
Taking everything into account, SOBO scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SOBO is a bad performer.
100% of all other stocks performed better in the past year than SOBO.
SOBO is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 92% of 211 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by SOBO, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month SOBO has a been trading in the 27.39 - 29.18 range, which is quite wide. It is currently trading near the high of this range.
Although SOBO 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
23.26
29.35
We found 5 important support areas.
- A support zone ranging from 28.18 to 28.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 26.60 to 26.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 25.68 to 25.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.81 from a horizontal line in the daily time frame.
- Support @23.49 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.06 to 29.06. 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 | 0 | NEGATIVE | SOBO has a low relative strength, it was outperformed by 100% off all stocks 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) | 64.08 | NEUTRAL | The RSI value for SOBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SOBO has a positive trend. |
| Stochastics (14,3) | 65.47 | NEUTRAL | The Stochastics value for SOBO is a neutral value. |
| 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) | 26.59 | POSITIVE | The high ADX value value for SOBO suggests a strong 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)
29.05
+0.24 (+0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.83%
1 Week2.61%
2 Weeks4.05%
1 Month4.99%
3 Month11.05%
6 Month21.6%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%1.68%
ATR Inc40.48%
Range Today0.41
ADR(20)0.47
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High29.18
10 Day Low27.63
20 Day High29.18
20 Day Low27.39
52 Week High29.18
52 Week Low21.16
CS1 End28.37
CR1 Start29.06
Volume & EV
DER(3)0.75%
DER(5)-0.71%
Volume668.20K
Volume Incr-21.29%
Vol(5)734.48K
Vol(50)703.11K