SO Technical Signal Analysis
SO have 5 buy signals and 0 sell signal now. The current trend is consolidation starting from 2025-03-10. The total price change during this trend is -3.58%. Recently, the price has increased but the volume has decreased, indicating a potential warning signal. The average turnover of SO over last 5 trading day is $526,599,936.60
5 Bullish Signal
0 Bearish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
3.55
Bullish
Momentum (10 days)
MOM_10 > 0
1.34
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
1.29
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
5.81
Bullish
Moving Average
Price crosses above 20-day SMA
--
Bullish
Name
Signal
Value
Meaning
5 Bullish Signal
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 > 0
3.55
Bullish
Momentum (10 days)
MOM_10 > 0
1.34
Bullish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 > 0
1.29
Bullish
Stochastic RSI %K (14, 14, 3, 3)
STOCHRSIk_14_14_3_3 < 20
5.81
Bullish
Moving Average
Price crosses above 20-day SMA
--
Bullish
SO Support and Resistance Level
The support levels for SO are at 87.77, 86.26, and 83.82, while the resistance levels are at 92.65, 94.16, and 96.6. With the current stock price at 89.63, it is leaning more toward the support levels.
SO Technical Analysis
Technical Analysis of SO Stock
Price Overview
The stock of Southern Company (SO) closed at $91.40 on 2025-03-07, with a high of $91.77 and a low of $88.52. The stock showed a positive movement, closing up 3.02% in the regular market.
Technical Indicators
- RSI (14): 65.49 (Neutral)
- MACD: 1.47 (Bullish)
- Stochastic Oscillator: %K (65.01) and %D (65.84) (Neutral)
- Bollinger Bands: The stock is trading near the upper band, indicating potential overbought conditions.
Fibonacci Levels
- Pivot Point: $89.64
- Resistance Levels:
- R1: $91.64
- R2: $92.88
- Support Levels:
- S1: $87.64
- S2: $86.40
Analysis
The stock is currently trading above the pivot point ($89.64) and approaching the first resistance level (R1: $91.64). The bullish MACD and Stochastic Oscillator suggest upward momentum, but the stock is nearing overbought territory based on the Bollinger Bands.
Recommendation
- Buy: At the current price of $91.40, SO stock is nearing resistance. Consider buying on a dip toward the support levels, such as $89.00 or $88.00, where the stock may find strong support.
- Sell: If the stock fails to break above $92.00 and starts to decline, consider selling to lock in profits.
Price Target
- Target Price: $94.00 (based on Fibonacci extension and bullish momentum).
- Stop Loss: $88.00 (below the lower Bollinger Band).
Conclusion
SO stock is in an uptrend with bullish indicators, but caution is advised near resistance levels. Buy on dips and sell on weakness.
SO FAQs
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Is SO a buy based on overall technical signals summary?
SO Buy or Sell
SO has 5 buy signals and 0 sell signals now. Overall the technical rating for SO is Strong buy.
Strong buy
Sell
0
Buy
5
SO Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 89.63 below the SMA_5. In the short term, the stock shows a positive trend with the 90.55 above the SMA_20. In the mid term, the stock shows a positive trend with the 88.87 above the SMA_60. In the long term, the stock shows a positive trend with the 85.11 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Positive
SMA_5 Above SMA_20
Mid Term
Positive
SMA_20 Above SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about SO's current trend?What are SO's key support and resistance levels?