SABLE OFFSHORE CORP (SOC) Stock Technical Analysis
NYSE:SOC - US78574H1041 - Common Stock
28.36 USD
-0.04 (-0.14%)
28.36 USD
0 (0%)
We assign a technical rating of 9 out of 10 to SOC. 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, SOC did better than 87% of all other stocks. On top of that, SOC also shows a nice and consistent pattern of rising prices.
SOC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 90% of 208 stocks in the same industry.
SOC has an average volume of 2547120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SOC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SOC is lagging the market.
In the last month SOC has a been trading in the 26.31 - 31.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, SOC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.52. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SOC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
20.94
32.42
When analyzing the support we can see 5 important areas.
- A support zone ranging from 28.00 to 28.17. 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 27.09 to 27.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.93 from a trend line in the daily time frame.
- Support @21.82 from a trend line in the weekly time frame.
- Support @21.15 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 28.52 to 28.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @30.78 from a trend line in the daily time frame.
- A resistance zone ranging from 31.69 to 32.10. 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 SOC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOC is neutral. |
| ChartMill Relative Strength | 87.33 | POSITIVE | SOC has a high relative strength, it outperformed 87.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOC is below a declining 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) | UP | POSITIVE | The current price of SOC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.49 | NEUTRAL | The RSI value for SOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests SOC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.16 | NEUTRAL | The Stochastics value for SOC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.45 | HIGH VOLATILITY | The high ATR as a percentage value for SOC suggests high volalility. |
| Average Directional Index/ADX (14) | 14.08 | NEGATIVE | The low ADX value for SOC 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 |
|---|---|---|---|
| 28.85 | 27.99 | 0.86 (2.98%) | 25.00% |
| An entry @28.85. This is a Buy Stop order right above the resistance zone. | An exit @27.99. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.86 points, which is 2.98%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The distance between exit and entry is rather small compared to the average daily movement of SOC. 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.
28.36
-0.04 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.14%
1 Week4.69%
2 Weeks-1.77%
1 Month-6%
3 Month-1.46%
6 Month-0.04%
12 Month68.41%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.43
ATR(20)%5.45%
ATR Inc-32.38%
Range Today1.3
ADR(20)1.48
ADR(20)%5.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.33
Mansfield0.67
10 Day High29.81
10 Day Low26.31
20 Day High31.74
20 Day Low26.31
52 Week High35
52 Week Low16.26
CS1 End28.17
CR1 Start28.52
Volume & EV
DER(3)3.72%
DER(5)2.36%
Volume1.84M
Volume Incr-13%
Vol(5)1.57M
Vol(50)2.55M