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Archive
- 3/21/2025 -
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Southern Co. (SO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Southern Co. (SO). During the week, the SO dropped -1.02 points, or -1.13%, and closed at 89.36 on Friday, March 21, 2025. Weekly volume was 8% above average.
SO is a member of Utilities Sector. Utilities is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See SO long-term trend chart]
A long-term uptrend had started on March 12, 2009 at 26.48 and reached 94.45 on October 24, 2024. SO gained -67.97 points, or -256.68%, in 815 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (89.79). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See SO medium-term trend chart]
A medium-term uptrend had started on January 24, 2023 at 58.85 and reached 94.45 on October 24, 2024. SO gained -35.60 points, or -60.49%, in 91 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 70.28 and resistance is at 100.20. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See SO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since February 28, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See SO short-term trend chart]
A short-term downtrend had started on March 10, 2025 at 93.48 and reached 88.30 on March 12, 2025. SO lost 5.18 points, or 5.54%, in 2 days. The price is now at the 20.46% retracement level.
 Daily Technical Indicators: [See SO daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 11, 2025. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (88.61) comes close to the price (89.36). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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