SO

Southern CompanyUtilities

$93.09+0.61%

Rectangle Bearish Flag Descending Triangle

0CP IndexNo Signal

How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics. A score of 0 means no confirmed signal yet.

Trend Alignment (SMA)
Volume Confirmation
Pattern Clarity
Momentum (RSI)

3 Month Interval$93.09

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Trade this Rectangle

The Rectangle is just one piece of the puzzle. See the full technical breakdown.

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Quick Actions

Trade Plan: Bearish Flag

Risk/Reward

1:1.38

Entry

$89.02

Stop

$95.29

Target

$80.36

Chart Pattern

Rectangle

Sideways movement between parallel supports.

Bearish Flag

Bearish continuation if preceding move was down.

Descending Triangle

Bearish continuation pattern.

Symmetrical Triangle

Consolidation. Can break either way.

Market Analysis

SO is showing interesting structural developments at $93.09. Price has moved to $93.09 (0.61%) amidst recent volatility. The primary technical feature is a Bearish Flag formation. Buying pressure is strong relative to the 20-day average. A potential breakout level is identified at $89.02, targeting $80.36 with support near $95.29 (R:R 1.38).

Community Sentiment

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