How Southern Company Stock Has Performed Recently
SO stock underperforms
$50 billion Southern Company (SO) has underperformed peers in the last one year by a fair margin. In this period, SO managed to gain just 1% while the Utilities Select Sector SPDR ETF (XLU) rose 6%. The SPDR S&P 500 ETF (SPY)(SPX-INDEX) soared 16% in the same period.
Peer Duke Energy (DUK) rose 6% while renewables giant NextEra Energy (NEE) rose 14% in the last one year. The chart below shows the stock price movement of Southern Company, utilities at large, along with broader markets.
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Southern Company stock has been trading in a narrow range in the last several trading sessions. Currently, it’s trading at par to its 50-day and 200-day moving averages. Going forward, it could be a bullish sign if the stock breaks above these levels.
When a stock’s price rises above or falls below a moving average, it’s considered a bullish or a bearish sign, respectively.
Relative strength index
Southern Company’s RSI (relative strength index) stands at 60. The RSI is a momentum indicator made up of values between 0 and 100. Movements below 30 are considered to be in the “oversold” zone. Movements above 70 are considered to be in the “overbought” zone and could hint at an imminent reversal in the stock.