SABLE OFFSHORE CORP (SOC) Stock Technical Analysis
NYSE:SOC - New York Stock Exchange, Inc. - US78574H1041 - Common Stock - Currency: USD
Taking everything into account, SOC scores 9 out of 10 in our technical rating. In the last year, SOC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, SOC did better than 92% of all other stocks.
SOC is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. SOC outperforms 94% of them.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
SOC has an average volume of 3347680 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 19.58 - 32.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SOC has an excellent technical rating, it does not offer a high quality setup 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
20.81
32.42
We found 3 important support areas.
- A support zone ranging from 25.38 to 25.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.54 from a trend line in the daily time frame.
- Support @21.02 from a trend line in the weekly time frame.
We found 1 important resistance area.
- 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 | 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 | 92.57 | POSITIVE | SOC has a high relative strength, it outperformed 92.57% 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) | UP | POSITIVE | The current price of SOC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.43 | NEUTRAL | The RSI value for SOC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.89 | POSITIVE | The MACD value suggests SOC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.51 | NEUTRAL | The Stochastics value for SOC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.83 | HIGH VOLATILITY | The high ATR as a percentage value for SOC suggests high volalility. |
| Average Directional Index/ADX (14) | 24.71 | 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)
28.11
-2.07 (-6.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-6.86%
1 Week27.37%
2 Weeks27.71%
1 Month28.36%
3 Month41.83%
6 Month1.01%
12 Month69.64%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.26
ATR(20)%6.83%
ATR Inc25.31%
Range Today3.31
ADR(20)1.88
ADR(20)%6.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.57
Mansfield1.23
10 Day High32.18
10 Day Low19.58
20 Day High32.18
20 Day Low19.58
52 Week High35
52 Week Low13.66
CS1 End25.94
CR1 Start31.69
Volume & EV
DER(3)-2.79%
DER(5)-0.86%
Volume4.71M
Volume Incr174.1%
Vol(5)6.78M
Vol(50)3.35M