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Archive
- 4/17/2025 -
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Southern Co. (SO) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Southern Co. (SO). During the week, the SO gained 1.95 points, or 2.17%, and closed at 91.81 on Thursday, April 17, 2025. Weekly volume was -33% 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 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 (90.07). 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 67.57 and resistance is at 100.51. 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 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 uptrend had started on January 6, 2025 at 80.46 and reached 93.65 on April 4, 2025. SO gained -13.19 points, or -16.39%, in 88 days. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 89.63 and resistance is at 93.73. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a short-term trend.
Daily Technical Indicators: [See SO daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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