The PEAD projected a Neutral outlook for $SO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 71.43%.
This chart is a perfect example of how the market is overtly irrational but also simultaneously efficient. The recent Russian debacle and resulting growing concerns of global economic slowdowns (see: return to pre-COVID economics) has all the utilities performing very well for the past couple days while banks have languished (folks are looking for safety and...
SO is a utility company that sports a 4.14% dividend. The issue is utility companies usually fair poorly during rising rate environment. Roughly 17% drop for 1% increase. But they do fantastic in a recession since people may stop spending on many items but never on heating/AC. This gigantic pattern is either a rising channel into breakout or its a gigantic bear...
I'm looking for SO stock price to trend to the red area going into the ex dividend declaration. once that happens we'll likely see a slight decline in the stock short term. a short to $67 is a safeish bet and I'll be taking that trade.
Pour 2022
In my previous idea I'd said I was halting accumulation to see how SO was going to perform the rest of December. The main driver behind this decision was I didn't want to purchase shares at price levels SO hasn't been able to hold consistently. Basically: Anything above $63 I considered "wait and see". Building on my earlier idea, in 2022 I think this...
My last SO idea denoted my overall short-term bearishness in the stock and my downward arrow essentially followed perfectly the support of the down trend. I think this trend is over. So far, the daily candle is showing enormous upward momentum. The last time this happened the stock saw a very sharp appreciation before settling on the mid-$60 range. I think this...
Possible short set up if we start to distribute on the daily time frame at this monthly level. I love trades like this because I really don't care if it works or not. The stop loss is so simple and trades like this work all the time.
*not investment advise. do your own research and invest at your own risk*
$SO is presently in a sell-off. I saw this coming (see my previous idea on SO) but the movement's strength and momentum has surprised me. From what I've read, this doesn't appear to be related to anything significant beyond general market selling and a pervasive over-valuation fear that...
So far Southern Company has moved with the market. Historics say we may move down a little more before moving up by November.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement...
***None of my ideas, this on included, are financial advise. Tread cautiously. Markets are know to enjoy punishing the un-wary.***
Previous Idea, Profit, and Short-term Movement
I've shared a couple ideas on Southern Company and thus far the stock movement has been very predictable; moving around earnings and payouts. Based on my previous idea (linked), I just...
Momentum on the daily is moving favorably though the stock didn't hold the engulfing pattern. RSI corroborates the downward trend with most recent standing of "oversold" as it touches the 200 SMA. I'm looking at a bounce off the 200 SMA over the next couple weeks to hold the upward trajectory SO's held since May 2020.
If we can't hold the 200 SMA this week I'm...
Basic Facts:
Southern Company is itself a holding organization who owns all of the Common Stock for Alabama Power, Georgia Power, Mississippi Power, and Southern Gas; all of which are publically operating utilities. Southern’s other holdings include Natural Gas Distribution, Marketing, Wholesale services, and pipeline investments.
Growth Factors:
The total...
Falling wedges can be bullish when price breaks up and out of the top trendline.
Dividend type stock. Probably considered to be a defensive stock as well.
No recommendation.
High is 71.10
Zortar says SO rolling over, likely to find support around $55 but could head further lower. Major support around $50. If you are going to trim, better do it quick or wait for it to make a turnaround trip to $60.
