SABLE OFFSHORE CORP (SOC) Stock Technical Analysis
USA - NYSE:SOC - US78574H1041 - Common Stock
24.49 USD
+0.91 (+3.86%)
24.635 USD
+0.15 (+0.59%)
We assign a technical rating of 2 out of 10 to SOC. SOC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
SOC has an average volume of 3322530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, SOC turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
SOC is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, SOC did better than 59% of them.
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 18.35 - 28.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SOC has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
20.19
30.50
4 important support areas can be observed.
- A support zone ranging from 23.39 to 23.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.46 to 22.80. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @22.01 from a horizontal line in the daily time frame.
- Support @20.39 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 24.50 to 24.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 26.48 to 26.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @30.20 from a trend 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 | DOWN | NEGATIVE | The long term trend for SOC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOC is down. |
| ChartMill Relative Strength | 50.27 | NEUTRAL | SOC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SOC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SOC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SOC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.11 | NEUTRAL | The RSI value for SOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests SOC has a positive trend. |
| Stochastics (14,3) | 79.01 | NEUTRAL | The Stochastics value for SOC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.51 | HIGH VOLATILITY | The high ATR as a percentage value for SOC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for SOC suggests a possible start of a new 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)
24.49
+0.91 (+3.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.86%
1 Week9.18%
2 Weeks22.08%
1 Month-12.66%
3 Month6.85%
6 Month-5.48%
12 Month1.62%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.95
ATR(20)%7.51%
ATR Inc-50.37%
Range Today1.13
ADR(20)1.66
ADR(20)%6.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.27
Mansfield-0.93
10 Day High24.96
10 Day Low20.86
20 Day High28.74
20 Day Low18.35
52 Week High35
52 Week Low16.26
CS1 End23.54
CR1 Start24.5
Volume & EV
DER(3)0.46%
DER(5)0.44%
Volume3.14M
Volume Incr-4.68%
Vol(5)3.69M
Vol(50)3.32M