SABLE OFFSHORE CORP (SOC) Stock Technical Analysis
NYSE:SOC - New York Stock Exchange, Inc. - US78574H1041 - Common Stock - Currency: USD
Overall SOC gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOC is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SOC did better than 95% of all other stocks. We also observe that the gains produced by SOC over the past year are nicely spread over this period.
SOC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 95% of 208 stocks in the same industry.
SOC 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 SOC is performing more or less in line with the market.
In the last month SOC has a been trading in the 19.58 - 32.18 range, which is quite wide. It is currently trading near the high of this range.
SOC has an average volume of 3074650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
SOC has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
20.97
33.35
3 important support areas can be observed.
- Support @28.11 from a horizontal line in the daily time frame.
- Support @23.12 from a trend line in the daily time frame.
- Support @21.18 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @31.37 from a trend line in the daily time frame.
- Resistance @32.10 from a horizontal line in the weekly time frame.
- Resistance @33.02 from a horizontal line 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 SOC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOC is up. |
| ChartMill Relative Strength | 95 | POSITIVE | SOC has a high relative strength, it outperformed 95% 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) | DOWN | MIXED | The current price of SOC is above a declining 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) | 59.95 | NEUTRAL | The RSI value for SOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests SOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.92 | OVERBOUGHT | The high Stochastics value suggests SOC may be overbought. |
| Average True Range in percent/ATR (20) | 7.12 | HIGH VOLATILITY | The high ATR as a percentage value for SOC suggests high volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for SOC suggests a strong 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)
29.62
-1.05 (-3.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.42%
1 Week3.42%
2 Weeks-6.53%
1 Month27.4%
3 Month44.7%
6 Month18.81%
12 Month94.23%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.5
ATR(20)%7.12%
ATR Inc-15.94%
Range Today1.67
ADR(20)2.04
ADR(20)%6.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95
Mansfield1.96
10 Day High31.48
10 Day Low26.49
20 Day High32.18
20 Day Low19.58
52 Week High35
52 Week Low13.66
CS1 End28.11
CR1 Start31.37
Volume & EV
DER(3)3.37%
DER(5)4.77%
Volume2.51M
Volume Incr-45.98%
Vol(5)1.98M
Vol(50)3.07M