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- 4/17/2026 -
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Southern Co. (SO) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 93.66
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Southern Co. (SO). During the week, the SO dropped -2.64 points, or -2.72%, and closed at 94.51 on Friday, April 17, 2026. Weekly volume was -21% 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 (93.66). 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 Broadening Ascending Wedge chart pattern. The trend support level is at 71.47 and resistance is at 105.97. 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 technical indicators are neutral.

The weekly MACD line is above its signal line since February 6, 2026. This is an indication that the medium-term trend is up. 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 March 20, 2026 at 93.16 and reached 98.49 on April 9, 2026. SO gained -5.33 points, or -5.72%, in 20 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See SO daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.32
Williams' Percentage Range (W%R) 75.50
Lane's Stochastic (%D-Slow) 20.43
Greed/Fear Indicator (GFI) 29.40
Moving Average Converg./Diverg. (MACD) 0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.08
Williams' Percentage Range (W%R) 32.40
Lane's Stochastic (%D-Slow) 70.73
Greed/Fear Indicator (GFI) 64.57
Moving Average Converg./Diverg. (MACD) 0.88
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 105.97
Monthly Trendline Resistance 99.31
Upper Bollinger Band 98.52
Parabolic System 97.77
Weekly Stochastic Crossing 97.45
20 Day Moving Average 95.81
Monthly Trendline Support 95.77
50 Day Moving Average 95.42
Price 94.51
Daily Stochastic Crossing 94.35
Yearly Trendline Resistance 93.66
Lower Bollinger Band 93.32
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Electric Utilities 102
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 93.16
Low Date 03/20/2026
High 98.49
High Date 04/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.80
Low Date 12/10/2025
High 99.58
High Date 03/17/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 99.31
Support 95.77
High 100.84
High Date 10/16/2025
Low 83.80
Low Date 12/10/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 105.97
Support 71.47
Low 58.85
Low Date 01/24/2023
High 100.84
High Date 10/16/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 93.66
Support 66.64
Low 26.48
Low Date 03/12/2009
High 100.84
High Date 10/16/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.