(RIG) Transocean complete technical analysis [charts+indicators] | Buy/Sell Transocean | (RIG) share price targets
Complete technical analysis of Transocean (RIG) by charts plus indicators, forecast predictions and share price targets for Transocean (RIG)
Transocean trades in USA in Energy sector.
10 day averaged volume of Transocean is 13074918
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 6.03 | 6.01 | 6.06 | 5.95 | 0.56 times |
| 16 Thu May 2024 | 6.00 | 6.04 | 6.13 | 5.97 | 0.768 times |
| 15 Wed May 2024 | 6.04 | 6.06 | 6.09 | 5.84 | 1.114 times |
| 14 Tue May 2024 | 6.01 | 5.82 | 6.05 | 5.82 | 1.494 times |
| 13 Mon May 2024 | 5.81 | 5.80 | 5.93 | 5.77 | 0.913 times |
My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 6, but if it comes below 6, then a intra day sell could be more profitable.
If you take a sell trade below 6, then use 6 as stoploss and 5.75 as target. However if you take a buy trade in stock , then use 6 as stoploss and 6.3 as target.
Share price targets for Transocean (RIG)
| Target Type | Value |
| Downside Target | 4.45 |
| Downside Target | 4.85 |
| Downside Target | 5.10 |
| Downside Target | 5.23 |
| Downside Target | 5.49 |
| Downside Target | 5.77 |
| Downside Target | 6.00 |
| Upside Target | 6.13 |
| Upside Target | 6.25 |
| Upside Target | 6.43 |
| Upside Target | 6.47 |
| Upside Target | 6.88 |
Intraday share price targets for Transocean (RIG)
| Target Type | Value |
| Downside Intraday Target | 5.82 |
| Downside Intraday Target | 5.62 |
| Upside Intraday Target | 6.18 |
| Upside Intraday Target | 6.34 |
| Downside Intraday Target | 5.98 |
Weekly technical analysis of Transocean (RIG)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 6.03 | 5.80 | 6.13 | 5.77 | 0.941 times |
| 10 Fri May 2024 | 5.76 | 5.62 | 6.09 | 5.59 | 0.503 times |
| 03 Fri May 2024 | 5.57 | 5.90 | 6.00 | 5.10 | 1.719 times |
| 26 Fri Apr 2024 | 5.87 | 5.62 | 6.00 | 5.60 | 0.883 times |
| 19 Fri Apr 2024 | 5.67 | 6.17 | 6.25 | 5.49 | 0.809 times |
Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Transocean (RIG)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 6.03 | 5.17 | 6.13 | 5.10 | 0.428 times |
| 30 Tue Apr 2024 | 5.22 | 6.28 | 6.88 | 5.11 | 1.239 times |
| 28 Thu Mar 2024 | 6.28 | 4.87 | 6.43 | 4.85 | 1.047 times |
| 29 Thu Feb 2024 | 4.69 | 5.55 | 5.58 | 4.45 | 1.015 times |
Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Transocean (RIG)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 26, 22, 9 | Buy |
| MACD | 0, -0 | Buy |
| Stochastics | 86 | Buy |
| CCI | 92 | Sell |
| RSI | 40 | Sell |
| OBV | 120340823 | Sell |
| VWAP | 6 | Buy |
| ADL | 0 | Sell |
| ROC | 8 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Transocean ( (RIG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Transocean ( (RIG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Transocean ( (RIG) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
Price action analysis of Transocean ( (RIG) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.
ADX buy sell signal for Transocean stock for short term is BUY. Signal strength is Weak and stock is losing momentum.
MACD generated a BUY signal for Transocean in short term and the buy signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Transocean Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up
CCI has generated a SELL signal for Transocean in short term but SELL signal is weak.
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Transocean is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 5.86 and Transocean (RIG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.
People seem to be coming out and selling the Transocean (RIG) stock. Volume based technical analysis of Transocean (RIG) stock is negative.
Transocean Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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