Transocean Ltd (NYSE:RIG) shares, rose in value on Wednesday, June 18, with the stock price down by -3.74% to the previous day’s close as strong demand from buyers drove the stock to $3.09.
Actively observing the price movement in the last trading, the stock closed the session at $3.21. Referring to stock’s 52-week performance, its high was $5.98, and the low was $1.97. On the whole, RIG has fluctuated by 19.31% over the past month.
With the market capitalization of Transocean Ltd currently standing at about $2.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Apr-28.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RIG’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of RIG currently trading nearly 9.96% and 21.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.96, while the 7-day volatility ratio is showing 3.17% which for the 30-day chart, stands at 3.51%. Furthermore, Transocean Ltd (RIG)’s beta value is 2.53, and its average true range (ATR) is 0.15.
A comparison of Transocean Ltd (RIG) with its peers suggests the former has fared considerably weaker in the market. RIG showed an intraday change of -3.74% in last session, and over the past year, it shrunk by -40.23%%.
Data on historical trading for Transocean Ltd (NYSE:RIG) indicates that the trading volumes over the past 3 months, they’ve averaged 42.89 million. According to company’s latest data on outstanding shares, there are 883.26 million shares outstanding.
Nearly 16.66% of Transocean Ltd’s shares belong to company insiders and institutional investors own 69.68% of the company’s shares. The stock has fallen by -17.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RIG stock heading into the next quarter.
