MACRO ANALYTIC COVERAGE INITIATED

SOUTHERN CO (SO)



A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS-SII & PUBLIC ACCESS) READERS  REFERENCE

SII - UTILITIES



MATASII SYNTHESIS:

  1. PRIMARY INDICATOR - Longer Term: 6 Months - 2 Years
    1. 5/13/21 Monthly EMA
    2. 12 & 24 Monthly MA Bands
  2. SECONDARY INDICATOR - Intermediate Term - 3 Months - 12 Months
    1. 20/40/80 Weekly - MATA Indicator
  3. TERTIARY  INDICATOR - Near Term - Next 1- 3 Months
    1. 20/40/80 Weekly MA Bollinger Bands

PRIMARY INDICATOR - Long Term: 6 Months - 2 Years

  • POSITIVE BIAS but trend unconfirmed,
  • Nearing Near Term initial overhead resistance
  • A 4.9% Yield and possible positive developments concerning its troubled Georgia Vogtle Nuclear project are assisting recent momentum in the stock.

  • We are waiting on a confirmation of a possible Long Term trend in this stock.
  • Watch the highlighted "monitor" level for confirmation developments.

 

SECONDARY INDICATOR - Intermediate Term - 3 Months - 12 Months

  • MATA INDICATOR (Bottom Panel) is giving a Positive Upward Bias along with a breakout of Long Term overhead resistance,

 

TERTIARY  INDICATOR - Near Term - Next 1- 3 Months

  • We have a Positive Bias as Price is now above the 80 WMA,
  • The 20 WMA is now above the 80 WMA
  • The 40 WMA is approaching an upward cross of the 80 WMA - THIS IS A CRITICAL CROSS TO WATCH for a Trend confirmation.

 

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