SOUTH BOW CORP (SOBO) Technical Analysis
NYSE:SOBO • CA83671M1059
Current stock price
SOBO Technical Rating and Analysis
Overall SOBO gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month SOBO has a been trading in the 32.02 - 34.90 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that SOBO is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, SOBO also shows a nice and consistent pattern of rising prices.
- SOBO 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 SOBO is performing more or less in line with the market.
- SOBO is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, SOBO did better than 45% of them.
- Volume is considerably higher in the last couple of days.
SOBO Weekly and Daily overview Charts
SOBO Setup Rating and Analysis
Besides having an excellent technical rating, SOBO also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for SOBO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
SOBO Support and Resistance Analysis
25.42
We found 4 important support areas.
- Support @32.39 from a horizontal line in the daily time frame.
- Support @28.09 from a horizontal line in the daily time frame.
- A support zone ranging from 26.94 to 27.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.55 to 34.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SOBO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for SOBO is neutral. |
| ChartMill Relative Strength | 81.88 | POSITIVE | SOBO has a high relative strength, it outperformed 81.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOBO is below a declining 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) | 52.57 | NEUTRAL | The RSI value for SOBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests SOBO has a negative trend. |
| Stochastics (14,3) | 26.66 | NEUTRAL | The Stochastics value for SOBO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for SOBO suggests some volalility. |
| Average Directional Index/ADX (14) | 48.74 | POSITIVE | The high ADX value value for SOBO suggests a strong trend. |
SOBO Chart- and CandleStick Pattern Analysis
SOBO Example Setup
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 |
|---|---|---|---|
| 34.28 | 32.38 | 1.90 (5.54%) | 18.04% |
| An entry @34.28. This is a Buy Stop order right above the resistance zone. | An exit @32.38. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.90 points, which is 5.54%. | For a 1.00% total portfolio risk, you can invest 18.04% 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.
SOBO Technicals: Chart, Performance Metrics, Trend & Indicators
33.17
+0.77 (+2.38%)
SOUTH BOW CORP / SOBO TA FAQ
Can you provide the ChartMill technical rating for SOUTH BOW CORP?
ChartMill assigns a technical rating of 9 / 10 to SOBO.
What is the current trend direction of SOUTH BOW CORP (SOBO) stock?
The current trend direction for SOUTH BOW CORP (SOBO) is Bullish.
What is the RSI signal for SOUTH BOW CORP (SOBO) stock?
SOUTH BOW CORP (SOBO) has an RSI value of 52.5747. 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 -0.255224, indicating a bearish trend.
What is the support and resistance level for SOBO stock?
SOUTH BOW CORP (SOBO) has a support level at 32.39 and a resistance level at 33.55. Check the full technical report for our detailed analysis of SOBO support and resistance levels.