RIG NEWS why is Transocean Ltd. price falling or rising

RIG NEWS reasons for why stock price of Transocean Ltd. is falling or rising

RIG Transocean is falling or rising technical reasons

Technical analysis forecast for Transocean Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Transocean RIG at this time. Stock is falling and might fall more.

It appears as if Transocean RIG gave a large move recently.

Stock of Transocean (RIG) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Transocean is bearish for shortterm, and stock might move down till 5.4 or till 4.9. Use a stoploss of 5.74 and if the stock hits stoploss, then it can shoot up till 6.1

RIG Transocean is falling or rising NEWS fundamental reasons

Transocean (RIG) Reports Q1 Loss, Misses Revenue Estimates Transocean (RIG) came out with a quarterly loss of [CO].03 per share versus the Zacks Consensus Estimate of a loss of [CO].13. This compares to loss of [CO].38 per share a year ago. These figures are adjusted for non-recurring items. - NEWS as on 2024-04-29 nasdaq.com

More announcements and NEWS

RIG Transocean Ltd. current price & indicator signals

Moving Averages for Transocean Ltd.

  • 5Day Average: 5.45
  • 12Day Average: 5.63
  • 20Day Average: 5.85
  • 50Day Average: 5.74
  • 100Day Average: 5.67
  • 150Day Average: 6.02
  • 200Day Average: 6.56

RIG Indicators & signals

Indicator MACD (12,26,9)

5.65, 5.78, -0.06
Indicator MACD is in negative zone

Indicator ADX (14)

6.67, 24.14, 27.59
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 45
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RIG Transocean Ltd. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 5.57 5.42 to 5.62 3.72% 0.75 times
02 Thu May 2024 5.37 5.31 to 5.49 1.9% 0.99 times
01 Wed May 2024 5.27 5.10 to 5.40 0.96% 1.24 times
30 Tue Apr 2024 5.22 5.11 to 5.83 -10.31% 2.44 times
29 Mon Apr 2024 5.82 5.79 to 6.00 -0.85% 0.89 times
26 Fri Apr 2024 5.87 5.72 to 5.94 2.26% 0.77 times
25 Thu Apr 2024 5.74 5.68 to 5.79 -0.69% 0.51 times
24 Wed Apr 2024 5.78 5.72 to 5.97 -2.69% 0.66 times
23 Tue Apr 2024 5.94 5.75 to 6.00 2.24% 0.76 times
22 Mon Apr 2024 5.81 5.60 to 5.88 2.47% 0.97 times
19 Fri Apr 2024 5.67 5.49 to 5.70 2.16% 0.76 times
18 Thu Apr 2024 5.55 5.50 to 5.77 -2.29% 1.23 times

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