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Southern Company’s 4Q17 Earnings: What You Need to Know

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Part 4
Southern Company’s 4Q17 Earnings: What You Need to Know PART 4 OF 5

What Southern Company’s Recent Chart Indicators Suggest

Moving averages

On February 13, 2018, Southern Company (SO) stock was trading 5% lower than its 50-day moving average and 9% lower than its 200-day moving average. The stark weakness in SO stock is underlined by the large discount to both its key moving average levels. Its 50-day moving average level, around $46.8, is expected to act as resistance for the stock going forward. It’s currently trading at $44.6.

What Southern Company’s Recent Chart Indicators Suggest

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Relative strength index

Southern Company stock is currently trading at a relative strength index (or RSI) of 56.

When a stock’s RSI falls below 30, it’s said to be trading in the oversold zone, and when its RSI goes above 70, the stock is said to be trading in the overbought zone. Extreme RSI values might hint at a pending reversal in the stock’s direction.

Short interest

According to a recent report, short interest in Southern Company stock fell 4% on January 31, 2018. Total shorted shares in SO on January 12 were 29 million, while they fell to 27.8 million on January 31. The decrease in short interest might suggest that fewer investors expect the stock to fall from its current levels. Short interest tracks investor anxiety.

Southern Company recently hit a new 52-week low. Many top utilities (XLU)(IDU)(VPU) are trading at yearly lows. See S&P 500 Utilities at a 52-Week Low Offer a Big Gain Potential.

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