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Stock Trend Analysis Report

Prepared for you on Monday, April 6, 2020.

Transocean (NYSE:RIG)

Long-Term Downtrend (-90) - RIG is in a strong downtrend that is likely to continue. While RIG is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid RIG?

MarketClub looks at technical strength and momentum to determine if the timing is right for RIG.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

Open High Low RIG Price Change
1.18 1.19 1.05 1.06 -0.04
Entry Signal

MarketClub’s Trade Triangles for RIG

long term down The long-term trend has been DOWN since Feb 21st, 2020 at 4.17

intermediate term down The intermediate-term trend has been DOWN since Jan 21st, 2020 at 5.93

short term down The short-term trend has been DOWN since Apr 3rd, 2020 at 1.06

Smart Scan Analysis for RIG

Based on our trend formula, RIG is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for RIG
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.18 1.19 1.05 1.06 -0.04
Prev. Close Volume Bid Ask Time
1.15 26712169 2020-04-03 15:59:57
Year High14.47Year High Date2018-10-09
Year Low8.7Year Low Date2018-02-09
52wk High9.7952wk High Date2019-04-23
52wk Low1.0152wk Low Date2020-03-18
Year End Close44.66Average Volume33,459,555
Shares Outstanding612,573Short Interest4,148,259
% Institutional65.2Market Cap3,548M
P/E Ratio-2Beta2.02
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