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Archive
- 9/4/2026 -
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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 -0.14 points, or -0.16%, and closed at 88.11 on Friday, September 4, 2026. Weekly volume was 7% above average.
SO is a member of Utilities Sector. Utilities is the most oversold sector. SO is a member of Electric Utilities Industry. Electric Utilities is the ninth most oversold industry. 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 trend support level is at 67.52 and resistance is at 95.05. 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 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 uptrend support line (93.02) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. SO may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See SO weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since July 31, 2026. 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 July 7, 2026 at 99.26 and reached 87.13 on September 2, 2026. SO lost 12.13 points, or 12.22%, in 57 days. The price is now at the 8.08% retracement level.
 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. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since July 29, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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