SABLE OFFSHORE CORP (SOC) Stock Technical Analysis
NYSE:SOC - New York Stock Exchange, Inc. - US78574H1041 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to SOC. Although SOC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
Looking at the yearly performance, SOC did better than 94% of all other stocks.
SOC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 96% of 213 stocks in the same industry.
In the last month SOC has a been trading in the 16.26 - 21.20 range, which is quite wide. It is currently trading near the high of this range.
SOC has an average volume of 1521460 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. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Although the technical rating is only medium, SOC 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 20.47. Right above this resistance zone may be a good entry point.
More info and screens
16.74
22.93
We found 3 important support areas.
- A support zone ranging from 19.25 to 19.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.44 to 18.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.91 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 20.47 to 20.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 22.43 to 22.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.73
Mansfield-0.18
10 Day High21.2
10 Day Low18.16
20 Day High21.2
20 Day Low16.26
52 Week High32.33
52 Week Low11.01
Performance
1 Week1.64%
2 Weeks6.2%
1 Month9.06%
3 Month-9.52%
6 Month-13.65%
12 Month75.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.3
RSI(14)46.4
LBB18.44
UBB20.77
19.86
+0.08 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.4%
1 Week1.64%
2 Weeks6.2%
1 Month9.06%
3 Month-9.52%
6 Month-13.65%
12 Month75.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.31
ATR(20)%8.08%
ATR Inc-34.69%
Range Today0.8
ADR(20)1.52
ADR(20)%7.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.73
Mansfield-0.18
10 Day High21.2
10 Day Low18.16
20 Day High21.2
20 Day Low16.26
52 Week High32.33
52 Week Low11.01
CS1 End19.29
CR1 Start20.47
Volume & EV
DER(3)-2.64%
DER(5)-2.59%
Volume1.08M
Volume Incr-39.61%
Vol(5)1.18M
Vol(50)1.52M