Southern Company Technical Analysis (NYSE:SO)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Southern Company stock price data and volume are plotted in SO stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Southern Company. The technical analysis form of Southern Company stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Southern Company Moving Average
Moving averages help predict the price direction of SO stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $47.66 is above the price of $46.97.
Southern Company Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Southern Company. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Southern Company bollinger bands show that the stock price is $46.97, upper band is 49.36, lower band is 45.95, and the average is 47.66.
Southern Company Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Southern Company MACD line is above the signal line.
Southern Company Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of SO stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.