SOUTH BOW CORP (SOBO) Stock Technical Analysis
NYSE:SOBO - New York Stock Exchange, Inc. - CA83671M1059 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to SOBO. 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.
When comparing the yearly performance of all stocks, SOBO is a bad performer in the overall market: 100% of all stocks are doing better.
SOBO is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 91% of 213 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
In the last month SOBO has a been trading in the 24.51 - 26.95 range, which is quite wide. It is currently trading near the high of this range.
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 support zone below the current price at 26.66, a Stop Loss order could be placed below this zone.
More info and screens
23.07
27.64
3 important support areas can be observed.
- A support zone ranging from 25.87 to 26.66. 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 24.69 to 25.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.30 to 23.49. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @26.72 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 27.37 to 27.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
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). |
| Relative Strength Index/RSI (14) | 60.63 | NEUTRAL | The RSI value for SOBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SOBO has a positive trend. |
| Stochastics (14,3) | 90.71 | OVERBOUGHT | The high Stochastics value suggests SOBO may be overbought. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for SOBO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.62 | NEGATIVE | The low ADX value for SOBO suggests a weak or negative 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)
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 |
|---|---|---|---|
| 26.73 | 25.86 | 0.87 (3.25%) | 25.00% |
| An entry @26.73. This is a Buy Stop order right above the resistance zone. | An exit @25.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.87 points, which is 3.25%. | For a 0.81% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SOBO. Please evaluate whether better entry and exit points can be found.
- 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.
26.71
-0.08 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.3%
1 Week2.65%
2 Weeks3.61%
1 Month2.65%
3 Month11.06%
6 Month6.71%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%2.33%
ATR Inc-40.47%
Range Today0.29
ADR(20)0.6
ADR(20)%2.24%
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 High26.95
10 Day Low25.4
20 Day High26.95
20 Day Low24.51
52 Week HighN/A
52 Week LowN/A
CS1 End26.66
CR1 Start26.72
Volume & EV
DER(3)-3.17%
DER(5)-0.97%
Volume635.10K
Volume Incr29.44%
Vol(5)747.32K
Vol(50)961.97K