Transocean Ltd (RIG)

Transocean Ltd is trading at $6.69, down 0.30% on the session. The 50 day average sits at $5.69 and the 200 day at $5.81, which puts the stock in a downtrend. RSI is at 73.9, which reads as overbought, and MACD is bullish crossover. Volume is volume spike.

The nearest support is around $5.57 with resistance near $6.58, so that band frames the current range. Average daily movement is roughly $0.25, or about 3.7% of the share price, which is what any stop placement has to allow for. The overall health score of 64 out of 100 combines a trend score of 54, momentum of 84 and a risk score of 50.

Transocean Ltd., together with its subsidiaries, provides offshore contract drilling services for oil and gas wells in Switzerland and internationally. The company contracts mobile offshore drilling rigs, related equipment, and work crews to drill oil and gas wells. It also operates a fleet of mobile offshore drilling units, consisting of ultra-deepwater floaters and harsh environment semisubmersibles. It serves integrated energy companies and their affiliates, government-owned or government-controlled energy companies, and other independent energy companies. Transocean Ltd. was founded in 1926 and is based in Zug, Switzerland.