Transocean Ltd (RIG) – Bullish BreakoutSummary:
RIG has broken out of long consolidation and strong resistance at 3.40 with high volume , showing strong buyer interest.
After the breakout, price pulled back and formed a flag pattern , then broke out again yesterday , confirming bullish continuation .
Trading Plan:
Entry: 4.2
−0.02 BRL
−2.76 B BRL
19.00 B BRL
About Transocean Ltd (Switzerland)
Sector
Industry
CEO
Keelan I. Adamson
Website
Headquarters
Steinhausen
Founded
1953
ISIN
BRRIGGBDR000
FIGI
BBG00DG9F7D8
Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.
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$RIG approaching 200W moving averageNYSE:RIG is approaching its 200-week smoothed moving average on unusually strong volume. I will be watching for a clear break and support on it. The last time this occurred, the stock doubled. With growing recent volume, a strong uptrend appears to be in play. This narrative could develop significa
$RIGlooking great risk vs reward.
Be mindful this is a weekly chart and this name moves slowly. We need them to meet their operational commitments including fleet utilization which may be a trigger for this wave 3.
MACD weekly approaching 0 line while we are at a bottom of a potential wave 2. Moving a
Hidden Support on RIG: Next Big Move?🔹 Trade Summary
Setup:
Price pulling back to ascending trendline support
Testing major support near $2.58
Analyst 1-year target: $3.76
Entry:
Above today's high of $2.64 (on confirmation of bounce from trendline)
Stop-loss:
Below $2.40 (clear break of trendline)
Targets:
RIG Mega Profits SecuredRIG is a high beta oil stock. We secured profits today and looking for another entry.
With the recent breakout and upside momentum in oil, this name caught a massive bid.
Crude oil has seen a sharp rise in just the last week and shaping up for a continuation move higher.
If this breakout holds
RIG (Transocean) – Potential Reversal?
Technical Overview
• Current Trend: RIG has been in a clear downtrend since September 2023, as confirmed by Dr. Elder’s Triple Screen framework. However, recent technical signals suggest the trend is losing steam.
• Weekly Timeframe:
The MACD histogram is showing a bullish divergence, ind
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
T
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Maturity date
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Maturity date
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Maturity date
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Maturity date
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RIG6193494
Transocean International Limited 7.875% 15-OCT-2032Yield to maturity
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Maturity date
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Maturity date
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T
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Transocean International Limited 4.625% 30-SEP-2029Yield to maturity
—
Maturity date
Sep 30, 2029
T
RIG5527922
Transocean International Limited 8.75% 15-FEB-2030Yield to maturity
—
Maturity date
Feb 15, 2030
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