RIG stock: buy or sell

RIG stock price: $4.02 7.49% At close on May 14th, 2021

Updated on:
May 17th, 2021

1

RIG stock brief

  • Transocean Ltd (Switzerland) closed last Friday at $4.02 after skyrocketing a 7.49%.
  • The price is currently over the upper Bollinger band, which usually indicates a short-term correction
  • Transocean Ltd (Switzerland) presented its earnings report on May 3
  • Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells worldwide.

Should I buy Transocean Ltd (Switzerland) stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $RIG stock a buy?

In the current situation of Transocean Ltd (Switzerland) there is not any eligible buy setup. This doesn't mean $RIG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Transocean Ltd (Switzerland) stock?

Knowing when to sell a stock is even harder than knowing when to buy it. In the same way as when we have to buy shares, choosing when is the best time to sell is not a whimsical decision, and we must use our own trading style. When selling, as well as buying, our setups are very easy to follow and are only valid for selling stocks you already own, not for selling short Transocean Ltd (Switzerland) stock

As a golden rule, you should never hold an investment that leads to losses greater than those expected upon purchase. The timing to sell your stock always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Transocean Ltd (Switzerland) stock?

In the current situation of Transocean Ltd (Switzerland) there is not any eligible sell setup, so Transocean Ltd (Switzerland) stock holders with operations in green can keep their positions

Transocean Ltd (Switzerland) ratings

In the last month, 4 ratings were published for Transocean Ltd (Switzerland)

Transocean Ltd (Switzerland) analysts' ratings - Last 30 days
Brokerage firmRating
Apr 19th, 2021
Morgan Stanley
May 5th, 2021
Susquehanna Neutral
Susquehanna Bancshares Neutral
May 11th, 2021
Susquehanna Neutral

Transocean Ltd (Switzerland) stock analysis

SMAs overview

RIG stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $4.17 (3.73% above)
  • R2: $4.19 (4.23% above)
  • R3: $4.21 (4.73% above)
  • The current support levels are:

  • S1: $3.98 (-1.00% below)
  • S2: $3.82 (-4.98% below)
  • S3: $3.76 (-6.47% below)
  • Bollinger bands

    Price readings above or below the Bollinger Bands tell us that the price has followed a strong trend that has led to extreme upward or downward values. At this point, the price is beyond the upper band, which should mean a near-term adjustment (at least) until it is below the band

    RIG stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last March after just crossing to the overbough zone for just one day (weak signal). The RSI value last Friday was 62.6. Since RSI lost the overbought zone, Transocean Ltd (Switzerland) shares sank a 14.10%

    RIG stock RSI chart

    Transocean Ltd (Switzerland) stock price history

    Transocean Ltd (Switzerland) started trading priced at an adjusted price1 of $9.78 on May 1993. Since then, RIG stock depreciated by -58.90%. An investment of thousand dollars on May 1993 would be valued $411.04 today.

    1: Adjusted price after possible price splits or reverse-splits

    RIG stock price history chart

    Price target for Transocean Ltd (Switzerland) stock

    Nobody knows how much a share will be priced in the future. Banks and financial organisations post their analysis predicting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions release their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental data by the company, and usually. Again, these targets are not direct recommendations for small investors and must not be followed blindly.

    The average price target for Transocean Ltd (Switzerland) stock calculated from the table below is $3.50. Transocean Ltd (Switzerland) closed at $4.02 last Friday, so the target price is forecasting a drop by 12.94%.

    Transocean Ltd (Switzerland) stock price predictions
    Brokerage firmPrice target
    Apr 19th, 2021
    Morgan Stanley $2.50$3.50
    May 5th, 2021
    Susquehanna $5.00$3.50
    Susquehanna Bancshares $5.00$3.50
    May 11th, 2021
    Susquehanna $5.00$3.50

    Earnings and financials

    On May 3, Transocean Ltd. ($RIG) reported EPS for that slightly lowered analysts' expectations. Quarterly EPS was $-0.19 per share compared to the forecasted $-0.18. This Q1 report means an earnings surprise of -5.56%. On the contrary, the company said revenue for this quarter was $643.0 million consistent with the market forecasts.

    Compared to the same quarter one year ago, EPS was $-0.30, so reported EPS is a increase of 36.67%. Looking at turnover, figures collapsed a -13.97% compared to $7.6B same quarter a year ago.

    RIG ($RIG) presents Q2 financial report next July. Market estimates of $-0.14, compared to Q1 that made $-0.19.

    Transocean Ltd (Switzerland) performance

    RIG performance compared
    Company1m3m6m
    Transocean Ltd (Switzerland) ($RIG) 16.20% 10.40% 282.90%

    Please read:
    The opinions written in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the specific positions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for education purposes only

    RIG summary

    Friday, May 14th, 2021
    Open$3.84
    Close$4.02
    Day range$3.82 - $4.08
    Previous close$3.74
    Session gain7.49%
    Average true range$0.33
    50d mov avg$3.61
    100d mov avg$3.37
    200d mov avg$2.38
    Earnings dateJuly 28th, 2021

    Frequently asked questions

    What is Transocean Ltd (Switzerland) stock symbol?

    Transocean Ltd. is a public company trading in the US stock market with the RIG symbol

    Is Transocean Ltd (Switzerland) stock a buy or sell?

    Transocean Ltd (Switzerland) received 4 ratings in the last 30 days: 0 bullish, 0 bearish and 3 neutral.

    Will RIG go up?

    Transocean Ltd (Switzerland) had different price forecasts posted by analysts in the last 4 weeks setting the target price to $3.50. That is a 12.94% than the current price ($4.02).