SOUTH BOW CORP (SOBO) Stock Technical Analysis
USA - NYSE:SOBO - CA83671M1059 - Common Stock
We assign a technical rating of 0 out of 10 to SOBO. SOBO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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 26.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.05, a Stop Loss order could be placed below this zone.
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23.07
When analyzing the support we can see 3 important areas.
- A support zone ranging from 25.26 to 26.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.69 from a horizontal line in the daily time frame.
- Support @23.30 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 26.65 to 26.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.05 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 | NEUTRAL | NEUTRAL | The long term trend for SOBO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOBO is down. |
| ChartMill Relative Strength | 34.97 | NEUTRAL | SOBO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SOBO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOBO is below a declining 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) | 47.25 | NEUTRAL | The RSI value for SOBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests SOBO has a positive trend. |
| Stochastics (14,3) | 68.76 | NEUTRAL | The Stochastics value for SOBO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for SOBO suggests low volalility. |
| Average Directional Index/ADX (14) | 18.04 | NEGATIVE | The low ADX value for SOBO suggests a weak or negative trend. |
26.27
+0.03 (+0.11%)
SOUTH BOW CORP / SOBO FAQ
Can you provide the ChartMill technical rating for SOUTH BOW CORP?
ChartMill assigns a technical rating of 0 / 10 to SOBO.
What is the trend direction for SOBO stock?
The current trend direction for SOUTH BOW CORP (SOBO) is Bearish.
What is the RSI signal for SOBO stock?
SOUTH BOW CORP (SOBO) has an RSI value of 47.2508. 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 0.0937885, 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 negative.