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$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
NYSE:SOLong
by bishopknight
What Does The Market Future Look Like? Look HereSo 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 has ended in the smaller green box. In this instance, the signal indicated BUY on September 24, 2021 with a closing price of 63.16. If this instance is successful, that means the stock should rise to at least 63.81 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 5.1% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 6.235% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 8.544% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 35 trading bars after the signal. A 1% rise must occur over the next 35 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 13 trading bars; half occur within 23 trading bars, and one-quarter require at least 33 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:SOLong
by StockSignaler
Hurry Up and Wait on SO***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 made a nice profit on Feb 2022, $65 strike calls for SO. I think from here we'll move back to near fair value ($60-$61) over the next month or two. This is a good place to enter a short position. I don't like buying puts as risk is high but a covered call would be an acceptable position, in my view. Catalyst for Change My belief is this equity will move as it has for the past year-and-a-half until the Fed tapers bond purchases. I believe once a taper is announced there will be a flight to blue-chip/high capital asset companies (like SO and other utilities). This may manifest as an increase in price of SO stock that breaks its recently established trend. (for example, see price action from late 2018 to early 2020). Lifetime Valuation This should not be construed as a bearish flag on SO's stock, overall. This idea only shares my thoughts on the probable trajectory of the stock in the short term. My overall valuation on this company is very bullish; specifically given the considerable upside with their Vogtle nuclear project.
NYSE:SOShort
by forever_green
Possible SO Buying PointMomentum 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 looking for a downturn toward ~$57.00 I'll be looking to add to my position this week if things still look relatively strong Thursday.
NYSE:SOLong
by forever_green