Southern Company (SOJB) Stock Technical Analysis
NYSE:SOJB
We assign a technical rating of 0 out of 10 to SOJB. SOJB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, SOJB is a bad performer in the overall market: 83% of all stocks are doing better.
- SOJB is one of the lesser performing stocks in the Electric Utilities industry. 91% of 46 stocks in the same industry do better.
- SOJB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SOJB has a been trading in a tight range between 25.01 and 25.39.
Although the technical rating is bad, SOJB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 25.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SOJB 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
24.76
When analyzing the support we notice one important area.
- A support zone ranging from 25.01 to 25.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 25.14 to 26.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.70 to 27.01. 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 | DOWN | NEGATIVE | The long term trend for SOJB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOJB is down. |
| ChartMill Relative Strength | 17.36 | NEGATIVE | SOJB has a low relative strength, it was outperformed by 82.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOJB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOJB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOJB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.42 | OVERSOLD | The low RSI value suggests SOJB may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SOJB has a positive trend. |
| Stochastics (14,3) | 9.66 | OVERSOLD | The low Stochastics value suggests SOJB may be oversold. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for SOJB suggests low volalility. |
NYSE:SOJB (10/15/2021, 8:05:56 PM)
25.04
-0.01 (-0.04%)
Southern Company / SOJB FAQ
Can you provide the ChartMill technical rating for Southern Company?
ChartMill assigns a technical rating of 0 / 10 to SOJB.
Can you provide the trend direction for Southern Company?
The current trend direction for Southern Company (SOJB) is Bearish.
What is the RSI signal for Southern Company (SOJB) stock?
Southern Company (SOJB) has an RSI value of 29.4249. This indicates that the stock is currently oversold.
Can you provide the MACD signal for Southern Company?
The MACD indicator for Southern Company (SOJB) has a value of 0.00512311, indicating a bearish trend.
What is the buy/sell signal for SOJB stock?
The buy/sell signal for Southern Company (SOJB) is sell as both the short term and long term trends are negative.