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Archive
- 7/17/2026 -
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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 gave back -0.31 points, or -0.32%, and closed at 95.30 on Friday, July 17, 2026. Weekly volume was -39% below 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 100.84 on October 16, 2025. SO gained -74.36 points, or -280.82%, in 866 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (94.55). 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 100.84 on October 16, 2025. SO gained -41.99 points, or -71.35%, in 142 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 91.59 and resistance is at 108.51. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See SO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 2, 2026. 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 uptrend had started on June 1, 2026 at 89.02 and reached 99.26 on July 7, 2026. SO gained -10.24 points, or -11.50%, in 36 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 July 9, 2026. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has declined below 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.
 Candlestick pattern: [See SO candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.
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