NYSE:SOC • US78574H1041
Overall SOC gets a technical rating of 7 out of 10. Although SOC has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Although SOC has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
8.26
We found 1 important support area.
We found 1 important resistance area.
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 SOC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOC is up. |
| ChartMill Relative Strength | 90.74 | POSITIVE | SOC has a high relative strength, it outperformed 90.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.56 | OVERBOUGHT | The high RSI value suggests SOC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests SOC has a positive trend. |
| Stochastics (14,3) | 88.1 | OVERBOUGHT | The high Stochastics value suggests SOC may be overbought. |
| Average True Range in percent/ATR (20) | 8.61 | HIGH VOLATILITY | The high ATR as a percentage value for SOC suggests high volalility. |
| Average Directional Index/ADX (14) | 21.11 | NEUTRAL | The ADX value for SOC suggests a possible start of a new trend. |
14.17
-0.2 (-1.39%)
ChartMill assigns a technical rating of 7 / 10 to SOC.
The current trend direction for SABLE OFFSHORE CORP (SOC) is Bearish.
SABLE OFFSHORE CORP (SOC) has an RSI value of 73.5618. This indicates that the stock is currently overbought.
The MACD indicator for SABLE OFFSHORE CORP (SOC) has a value of 0.677976, indicating a bearish trend.