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The Future of Southern Company: Investor Expectations

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The Future of Southern Company: Investor Expectations PART 1 OF 4

Inside Southern Company’s Chart Indicators and Short Interest

Southern Company’s moving averages

Georgia-based Southern Company (SO) stock continues to look strong, given its simple moving average levels. On November 9, 2017, SO was trading 3% and 4% above its 50-day and 200-day moving average levels, respectively. The fair premium to both the key moving averages highlights strength in the stock.

SO’s 50-day moving average level of ~$50.47 is expected to act as a support for the stock going forward. It’s currently trading at $52.01.

Inside Southern Company’s Chart Indicators and Short Interest

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Southern Company’s 50-day moving average crossing above its 200-day moving average is referred to as a “golden cross” and can be considered as a bullish sign for the stock.

Relative strength index

Southern Company’s RSI (relative strength index) currently seems stable at around 53. Technical analysts believe that RSI values above 70 are trading in the overbought zone, while RSI values below 30 suggest that the stock is trading in the oversold zone. Extreme RSI levels may indicate an imminent reversal in the stock.

Short interest

Short interest in Southern Company stock marginally fell on October 31, 2017. According to a recent report, total shorted shares in SO were 21.77 million on October 13, while they’ve fallen to 21.70 million as of October 31.

Short interest represents shares that are sold short and not yet squared off. It ultimately tracks investor nervousness, and an increase in short interest might mean that more investors are anticipating the stock to fall from its current levels.

You can read about how broader utilities (XLU) (IDU) are currently placed for the future—and how they’ve done recently—in Market Realist’s Weekly Review: How US Utilities Ended Last Week.

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