Southern (SO) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for SO · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$93.25last close · Aug 4, 202652-week range $83.80 – $100.83 · 7.52% below the high

SO Triangle Pattern

SO is currently forming a triangle on the daily timeframe. Detected Aug 4, 2026.

A triangle is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $92.52 (+6.6%). Across 13,619 backtested triangles, the setup followed through 52.4% of the time, averaging +0.36R; SO's own triangles have hit 50.0%.

DirectionBullishTarget$92.52Projected move+6.6%Breakout level$86.94

New to this pattern? What a triangle is and how to trade it →

SO's Most Recent Triangle Trade

SO's most recent completed triangle resolved as a win: it broke down on Apr 14, 2026 near $95.69, then reached its target at $89.74 on Jun 1, 2026 — a +2.12R move (6.2%) over 33 sessions. Across 201 backtested triangles, this setup wins 58.7% of the time.

OutcomeWinResult+2.12REntry$95.69Exit$89.74

Learn about triangle

How Triangles Have Performed

Win rate
52.4%
Avg return
+0.36R
Backtested trades
13,619
SO win rate
50.0%

Historical pattern statistics (2006-08-04 – 2026-08-04), not a prediction.

How these backtests work →

SO Pattern Trade History

Every completed pattern trade our nightly backtest found on SO's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
TriangleApr 14, 2026 @ $95.69Jun 1, 2026 @ $89.74Win+2.12R
Rising WedgeFeb 2, 2026 @ $89.81Feb 18, 2026 @ $91.04Win+0.42R
TriangleJan 13, 2026 @ $87.30Feb 18, 2026 @ $91.04Win+1.80R
TriangleJun 27, 2025 @ $91.17Oct 20, 2025 @ $97.69Win+1.96R
TriangleJun 12, 2025 @ $89.85Oct 20, 2025 @ $97.69Win+3.32R
Falling WedgeDec 6, 2024 @ $85.43Mar 3, 2025 @ $90.85Loss-1.13R
Rising WedgeDec 2, 2024 @ $88.08Dec 4, 2024 @ $86.18Win+0.88R
Rising WedgeDec 20, 2023 @ $70.97Feb 8, 2024 @ $66.52Win+1.82R
Falling WedgeSep 28, 2023 @ $64.94Dec 6, 2023 @ $72.26Loss-1.08R
Falling WedgeSep 11, 2023 @ $67.95Sep 28, 2023 @ $65.07Loss-1.43R
TriangleSep 1, 2023 @ $67.43Sep 13, 2023 @ $69.50Loss-1.18R
TriangleJul 18, 2023 @ $70.15Jul 21, 2023 @ $73.06Loss-1.82R

SO Support and Resistance Levels

Price is bouncing off a floor near $91.27 and starting to climb. On the weekly chart, the next ceiling overhead sits near $112.51 — about 21% away.

  • Traders commonly watch $112.51 as a target (its 161.8% extension) — think of it as a sensible next stop, not a guarantee.
  • That ceiling is the first place the climb might pause — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $91.27 floor, where price is testing it now, not out here in the climb. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $89.23, resistance near $99.26. These are chart/swing-derived levels, not formula pivots.

Resistance
$99.26$99.39$111.39$134.90
Support
$89.23$89.12$86.69$83.68$80.52$77.32$61.56

SO Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$92.09$93.54$91.25$93.25
Aug 3, 2026$92.91$95.31$92.71$92.94
Jul 31, 2026$93.89$95.27$93.23$94.54
Jul 30, 2026$97.20$97.31$93.72$94.34
Jul 29, 2026$97.29$97.65$95.70$96.05
Jul 28, 2026$97.29$98.86$96.78$96.78
Jul 27, 2026$96.85$98.06$96.30$96.48
Jul 24, 2026$97.01$97.95$96.63$97.25
Jul 23, 2026$95.01$96.67$94.84$96.60
Jul 22, 2026$94.81$95.85$94.40$95.80

SO Frequently Asked Questions

What chart pattern is SO forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a triangle on Southern (SO) on the daily chart, with a measured-move target of $92.52.
Is a triangle bullish or bearish?
The triangle detected on SO is a bullish pattern, projecting a measured-move target of $92.52. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a triangle pattern, and what is its win rate?
Across TradingPal's backtest of the triangle family (13,619 trades over 631 symbols), it resolved in the expected direction 52.4% of the time with an average of +0.36R. These are historical statistics, not a prediction.
What are the support and resistance levels for SO?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), SO's nearest support is around $89.23 and nearest resistance around $99.26.
What is the price target if SO's pattern breaks out?
The detected triangle has a geometry-based measured-move target of $92.52 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was SO's closing price on Aug 4, 2026?
Southern (SO) last closed at $93.25 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.