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Transocean

Trade Setup for Transocean Ltd (RIG) on the Daily Chart:I have just about 2 key things to say here on this analysis. 1. Key Levels to Watch: We can see that there is some resistance at $5.32: This is a strong ceiling where the price has struggled to break through. If the price moves above this level with strong momentum, it could signal a potential breakout to the upside. On the other hand, there is a support at $5.02: This is a strong floor where the price has found support multiple times. If the price falls below this level, it could indicate a significant move downwards. 2. Trend Confirmation: If you are a fun of Linear Regression Line: Check if the line is sloping upwards or downwards. An upward slope suggests the market is in an uptrend, while a downward slope suggests a downtrend. Utilize the Moving Averages: Above MAs: If the price is above the moving averages (e.g., 21-period MA), the trend is likely bullish. Below MAs: If the price is below the moving averages, the trend is likely bearish. Happy Trading.
NYSE:RIG
by Deno_Trading
1
RIG: At a crossroads, time to decideRIG recently broke out of its bull flag. However, since then oil prices have fallen sharply, creating selling pressure for RIG. RIG successfully defended the breakout yesterday when oil prices were down 4%, but RIG has another test ahead of it today as oil has fallen another 3%. In my opinion, the downside risk from here is minimal, but the upside is tremendous, creating a highly favorable r/r setup. If RIG is unable to defend the breakout today, I expect the stock will retest the lower trendline around $5.30, which I expect will provide strong support. However, if RIG is able to maintain the breakout even after oil falls 7% in 2 days, that would be a tremendous show of strength. I think it could go either way right now, 50/50, but I think the bullish interpretation is the highest probability at this time. It is possible that this stock could reach $20/share over the next 6-12 months.
NYSE:RIG
by TomDaSpankEngine
Transocean sinking like a ship in transit. RIGGoals 0.56, 0.49. Invalidation at 0.89. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
NYSE:RIGShort
by Rykin_Capital
1
XOP to **pop** lolI think putting it in within such a 'channel', make sense. (It trades along with this "trend" (line, on top, since 2020), which is has never succeeded to break, yet). Expect it to follow this pattern in future (copy/paste the trend line). Follow the long averages. (The bottom of channel is "bottom" of 2020 crash; and end of the initial "reflation trade" rally). Am not a professional, but you could use the both "trends"(lines) and use them as cycle indicators (overbought/oversold; bellow or above); It's currently "oversold", which, "may", appear on the longterm picture ahead. //Maybe it will sell at the 2019 key level first. //Hope it reaches the target by september or october. lfg
AMEX:XOPLong
by citsvar
RIG : Transocean will get this huge bull runs.Transocean Ltd. (NYSE: RIG) The trend has change lately, Transocean also has attracted the attention of day traders on WallStreetBets.. The stock also has reacted positively to Transocean's agreement with Jurong Shipyard to accept deferred payment on the delayed delivery of two ultra-deepwater drillships. Their own insider director bought 15% more shares.. this is ridiculous.. As an ex-offshore worker, I do know some of the big whales behind the company (Other company) They just sit tight quietly, and can suddenly buy a new ship or anything in one snap.. just like that.. and sell it back in no matter of time.. Back to the chart, the trend has change positively and resisting to fight back with all the resistance. Along with the demand and oil price are growing back, TransOcean can easily back on track on the upper side. Perhaps in the year 2022 starting May it will on the new HH on the chart. Foresee it will easily reach $ 6-8 in the nearest months. Will update time to time with this bullish trend.
CAPITALCOM:RIGLong
by SL-Trades
RIG raising the bar on FibsHad to update my Fib setting today on RIG after this last move. With oil and gas still taking center stage, reopening stocks seem to be pivoting around energy. Still, from a longer-term perspective, there is still plenty of ground to make up from its previous drop. "At least in the near term, oil and natural gas will be needed to help fuel the equipment & industrial processes needed to create this brand new infrastructure. This is where we see companies involved in everything from oil and gas production to transport becoming a focus in 2021." Quote Source: Best Penny Stocks To Watch Now? 10 Top Epicenter Stocks For Your List
NYSE:RIG
by PennyStocks101
longterm bullRIG will test 7-8$, imho, when these two lines colide, in like september or october. (It's current trend). Expect some head wind in short term from slower global recovery (variant). It would be hard for XLE to return to where it came from; so that's extremely bullish . No crap head lines can't change fact that there was underinvestment into oil exploration; thus oil companies focusing on profits first. Opec wants least 70$ WTI (supported by demand) not 50$/ br . Also think that in short term whole energy sector has tail winds from value (DJI, VTV , industrials , etc) slowing down, and fake out rally in yields. But not in a long run.
NYSE:RIGLong
by citsvar
1