KalaGhazi | Southern CompanyIt pays a yield of 4.1%, but Enbridge pays over 7% and has the same cash flow. Sell Southern
SOT trade ideas
$SO with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:SO after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 51.14%.
$SO 5 Month Play Energy companies are quite predictable, and $SO is one of the best Energy providers in the United States. Highest employee favourability and a top choice by many investors for consistent growth.
One of the best things about $SO is that it has consistent swings of 10-20% and you can catch these swings over 4-6 Month periods.
Buying here between $62-$64 and will double down on my position down to the support line at $55.
Target is $80-$82. Time based stop loss for end of July
SO daily compression with upper wicks wave 5 downtrendSO daily compression with upper wicks wave 5 downtrend
$SO with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $SO after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 62.5%.
SO going higher on a double bottom 30 min chartIt seems that SO is going higher on a double bottom in 30 min time frame.
SO might be hitting higher in a shorter(15 min) time frameSeems like SO is going higher in short time frame (15 min). it could setup for a swing trade.
SO | Utilities Companies Are Oversold | BounceThe Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations. In addition, it owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, three nuclear generating stations, 13 combined cycle/cogeneration stations, 45 solar facilities, 15 wind facilities, one fuel cell facility, and four battery storage facility; and constructs, operates, and maintains 76,289 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.7 million electric and gas utility customers. Further, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.
$SO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
Double TopPrice is sitting on the .382 fib level of the trend up.
Double Top.
ATH 80.57/3 year low 31.96.
No recommendation/Watching as it does not look buyable just yet.
Bearish Marubozu candle today shaven at both ends.
$SO Potential Bearish Reversal on the Quarterly Chart$SO is showing a potential 2-2 bearish reversal on the quarterly chart.
There's a lot of room between the bottom of the candle & quarterly magnitude.
SO - 200MA Support 200MA acting as support in this dip scenario
It has been seen as a continual point of support over the past two years
$SO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
Pull Back FishingLooks like utilities are crashing with the rest of the market even though they are thought of as a defensive play.
Utilities had a huge move to the upside a while ago and I guess everything pays the dueseventually.
XLU is trading in the same pattern and the 1.113 is at 62.38.
No recommendation.
NYSE/SO falling wedgeNYSE/SO fallin wedge this is a nice example to show you how a falling wedge works, use it for tutorial.
SO - Quick Short for 30% Gain?With rising energy prices and looming recession is Southern Co, gas and electric utility company, able to sustain growth it enjoyed since March 2020 or is it time for another deep correction?
Fundamental indicators:
Revenue and Profits - has not demonstrated consistent long-term earnings growth over the past 10 years
Profit margin - the company is quite effective with circa 16% for the last 3 years
P/E - highly overpriced with 36x ratio considering this is not a growth company
Liabilities - no problems
Technical analysis:
The correction of March 2020 was formed by a rapid impulse
Since then the bull run which has culminated in April 2022 was very choppy and unlikely to be impulse or ending diagonal
This means that it was a complex wave B of the overall Running Flat correction and another rapid impulse may now take place
In this scenario wave C is normally of the same amplitude as wave B hence the target of $48
Looking at both fundamental challenges and potential wave structure do you think this scenario is possible?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves.
Thanks
$SO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $SO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 100%.
SO Getting Closer to New ATHSO getting closer to a New All Time Highs
200 DMA holding the trend
2 Year Long Base
Pays out dividends
$SO with a Neutral outlook following its earnings #Stocks 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%.
SO | Child of Market Irrationality and EfficiencyThis 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 yield). Make no mistake: These weakness are only perceived. If you go to a company like Berkshire (which has exposure to all kinds of industries where consumer demand is directly observed in its statistics) economic indicators remain strong.
My prediction: If Russian issues persist I'd expect more of what we're seeing. If this persistence is itself "persistent" I'd expect to see an eventual return to trend as people and markets get "bored". If the Russian issues are speedily halted or resolved, I'd expect a strong sell-off in the utilities and would expect the S&P, financials, and tech to roar back into value with a vengeance. Either way, investing in utilities right now is buying $1.00 with $1.05. It doesn't make sense and I'm not adding to my utility positions anymore, regardless of how well I like the sector over-all.
Long term, I think we will eventually revert to pre-COVID economics but the present scare is just that: a scare.
$SO - Interesting risk reward among macrosSO 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 flag and will fail. It is backfilling to $62.82 but then could run for a while. Stop at $60 gives a 2% downside. Measured move to $88 gives a $26 profit on $62 investment of 42%. Lovely.
This is not intended as a recommendation to buy or sell. It is intended for informational purposes only.
SO - likely going to holding pattern until dividend declarationI'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.
