SO pushes through previous session high

Southern Co. (SO) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
SO pushes through key resistance level
SO finds support at 20-day moving average
SO closes higher for the 3rd day in a row
SO pushes through previous session high
SO rises to highest close since May 31st
TQ Sentiment
Technical Forecast:

Moving higher for the 3rd day in a row, SO ended Thursday at 44.21 gaining $0.43 (0.98%). Today's closing price of 44.21 marks the highest close since May 31st. Closing above Wednesday's high at 43.94, Southern Co. confirms its breakout through the previous session's high having traded $0.48 above it intraday.

Daily chart for SO

Thursday's trading range was $0.67 (1.53%), that's slightly below last trading month's daily average range of $0.67. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being below average.


Breaking through the key resistance level at 43.90 today, it is now likely to act as support going forward. After trading as low as 43.75 during the day, the share found support at the 20-day moving average at 43.78.


Although still in a long-term uptrend, the short and medium-term trends both turned bearish already.

Order Flow

As prices are trading close to June's high at 44.89, upside momentum might speed up should the stock mark new highs for the month.


Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a bullish sentiment.

Market Conditions for Southern Co.
Bearish Bounce off SMA 50 TQ Pro Members Only
Bullish Bounce off SMA 100 TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
5 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Southern Co. traded like this in the past. See the odds for each technical pattern with expected gain and loss.


Stocks Top Movers

ETHUSD 516.2820.92 4.22%
BTCUSD 6,707.49240.41 3.72%
CRUDE 65.681.45 2.26%
EURUSD 1.16230.0014 0.12%
TBOND 143.7190.031 0.02%
FTSE 7,631.33-2.57 -0.03%
NDX 7,251.41-4.35 -0.06%
USDJPY 110.55-0.11 -0.10%
GOLD 1,280.6-1.4 -0.11%
SPX 2,773.87-5.55 -0.20%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV98.48 -1.09
ACN 10 day candlestick chart for ACN162.88 -0.60
ADBE 10 day candlestick chart for ADBE255.69 3.87
AAP 10 day candlestick chart for AAP138.24 1.08
AES 10 day candlestick chart for AES13.07 0.00
AET 10 day candlestick chart for AET186.95 -2.55
AFL 10 day candlestick chart for AFL45.17 -0.58
AMG 10 day candlestick chart for AMG153.00 -2.81
A 10 day candlestick chart for A64.97 -1.16
ABT 10 day candlestick chart for ABT62.82 -0.09