RIG Price Prediction, Transocean Ltd AI Recommendations

Momentum Indicator for RIG turns negative, indicating new downward trend

RIG saw its Momentum Indicator move below the 0 level on June 08, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned negative. In of the 88 cases, the stock moved further down in the following days. The odds of a decline are at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 61 cases where RIG's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RIG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

RIG broke above its upper Bollinger Band on May 24, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for RIG just turned positive on May 15, 2023. Looking at past instances where RIG's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .

RIG moved above its 50-day moving average on June 02, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for RIG crossed bullishly above the 50-day moving average on June 02, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where RIG advanced for three days, in of 289 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 198 cases where RIG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. RIG’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: RIG's P/B Ratio (0.468) is slightly lower than the industry average of (1.123). P/E Ratio (18.797) is within average values for comparable stocks, (38.947). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (0.167). RIG has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.042). P/S Ratio (1.708) is also within normal values, averaging (1.079).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RIG’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

RIG is expected to report earnings to fall 64.58% to -13 cents per share on July 31

Q2'23

Est.

$-0.13

Q1'23

Missed

by $0.16

Q4'22

Missed

by $0.27

Q3'22

Beat

by $0.12

Q2'22

Beat

by $0.03

RIG paid dividends on September 23, 2015