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Archive
- 5/29/2026 -
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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 dropped -2.50 points, or -2.64%, and closed at 92.05 on Friday, May 29, 2026. SO was trading at average weekly trading volume.
SO is a member of Utilities Sector. Utilities is the second most oversold 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 (94.08). 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 90.23 and resistance is at 107.16. 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 below its signal line since May 8, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 17, 2026 at 99.58 and reached 91.35 on May 29, 2026. SO lost 8.23 points, or 8.26%, in 73 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 89.76 and resistance is at 96.02. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See SO daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
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 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.
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