RIG climbs to highest close since January 22nd
Moving higher for the 2nd day in a row, RIG finished Monday at 11.82 gaining $0.23 (1.98%). Today's closing price of 11.82 marks the highest close since January 22nd. Closing above Friday's high at 11.74, the market confirms its breakout through the prior session's high having traded $0.14 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Monday's trading range was $0.52 (4.53%), that's slightly above last trading month's daily average range of $0.45. Weekly volatility is also higher, being way above the markets average with the monthly volatility being way above average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 12.40, upside momentum could speed up should Transocean be able to break out to new highs for the year.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for Transocean
|Bearish Bounce off SMA 50||TQ Pro Members Only|
|Close to Swing Low||TQ Pro Members Only|
|High close to previous High||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Bullish Spinning Top||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Stocks Top Movers