TRANSOCEAN LTD stock forecast: down to 4.94 USD RIG stock price prognosis

STOCK

Forecast for Fri 19 May 2023 price 4.66

TRANSOCEAN LTD stock price forecast for further price development down to -13.25% (time horizon: 1 day) and price target of 4.94 USD. Positive news sentiment. Short-term (time horizon: 2 weeks) TRANSOCEAN LTD share price prediction for 2023-05-19 with daily closed price projections

Key Facts

Symbol RIG 

CUSIP H8817H100

Currency USD

Category Drilling Oil & Gas Wells

Forecast price change %

News sentiment (0.62)

News <--> Close correlation for next day influence (-0.18)

Finance numbers

Revenue 3,046,000,000.0

Earnings per share -0.44

twitter facebook

On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

As of February 16, 2021, we were constructing two ultra-deepwater drillships. Our shares are listed on the New York Stock Exchange under the ticker symbol "RIG." We may not return some stacked rigs to work for drilling services. Such payments, however, may not fully compensate us for the loss of the contract. Many of these events are beyond our control. As a result, we may face increasing pressure regarding our ESG disclosures and practices. Certain of our drilling contracts are partially payable in local currency. Any such lack of reimbursement may cause us to incur substantial costs. As of February 12, 2021, we had under construction two ultra-deepwater drillships. We are also subject to a number of significant tax disputes.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1451505/000145150521000020/0001451505-21-000020.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 13.02/100
    • Good financial position.
    • Historical view, profit is not growing.
    • Company revenue is not growing faster compared with the industry.

Institutional ownership list is based on filling form information

Fund ownership list is based on filling form information

Fund name Date Amount Profile
iShares Trust 2022-12-31 2063338 Long
John Hancock Variable Insurance Trust 2022-12-31 24908 Long
SA FUNDS INVESTMENT TRUST 2022-12-31 43549 Long

Insider trading for TRANSOCEAN LTD

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1729638 Mohn Frederik Wilhelm 2022-05-13 BUY Accept Reject Reject Accept
1729635 Perestroika 2022-05-13 BUY Accept Reject Reject Accept
1750415 Adamson Keelan 2023-03-02 SALE Accept Accept Accept 0
Assets / Liabilities

Bollinger Bollinger Bands for TRANSOCEAN LTD can provide the information where the market is moving based on price information.

TRANSOCEAN LTD Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.

Converting prices to returns TRANSOCEAN LTD.

On-Balance Volume information for TRANSOCEAN LTD. On-Balance Volume information can be an indicator for bullish or bearish outcome.

Accumulation / Distribution (A/D) indicator information for TRANSOCEAN LTD. The indicator identify divergences between price and volume flow.

Aroon Oscillator information for TRANSOCEAN LTD. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.

Average Directional Index (ADX) information for TRANSOCEAN LTD. The index can be used to identify the strengh of a trend.

Moving Average Convergence Divergence (MACD) for TRANSOCEAN LTD. The indicator helps to predict trend direction and the momentum of the trend.

Stochastic Oscillator as momentum indicator for TRANSOCEAN LTD. The indicator is useful for identifying overbought and oversold levels.

Relative Strength Index (RSI) for TRANSOCEAN LTD. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].

52W High 52W Low Market Cap

Similar shares

Trend:
chart
INDEPENDENCE CONTRACT DRILLING INC

Trend:
chart
PATTERSON UTI ENERGY INC

News sentiment

Trend:
chart
NABORS INDUSTRIES LTD

Trend:
chart
Helmerich & Payne

TRANSOCEAN LTD on Nasdaq

TRANSOCEAN LTD on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2023-04-27 4.94 2023-03-25 04:06
2023-04-28 4.92 2023-03-25 04:06
2023-05-01 4.90 2023-03-25 04:06
2023-05-02 4.88 2023-03-25 04:06
2023-05-05 4.83 2023-03-25 04:06
2023-05-08 4.81 2023-03-25 04:06
2023-05-09 4.79 2023-03-25 04:06
2023-05-10 4.77 2023-03-25 04:06
2023-05-03 4.86 2023-03-25 04:06
2023-05-04 4.84 2023-03-25 04:06
2023-05-11 4.75 2023-03-25 04:06
2023-05-12 4.74 2023-03-25 04:06
2023-05-15 4.72 2023-03-25 04:06
2023-05-16 4.71 2023-03-25 04:06
2023-05-17 4.69 2023-03-25 04:06
2023-05-18 4.67 2023-03-25 04:06
2023-05-19 4.66 2023-03-25 04:06
2023-03-28 5.61 2023-03-25 04:06
2023-03-31 5.46 2023-03-25 04:06
2023-03-29 5.59 2023-03-25 04:06
2023-03-30 5.53 2023-03-25 04:06
2023-04-03 5.36 2023-03-25 04:06
2023-04-04 5.35 2023-03-25 04:06
2023-04-05 5.31 2023-03-25 04:06
2023-04-07 5.25 2023-03-25 04:06
2023-04-06 5.32 2023-03-25 04:06
2023-04-10 5.24 2023-03-25 04:06
2023-04-11 5.21 2023-03-25 04:06
2023-04-12 5.22 2023-03-25 04:06
2023-04-13 5.19 2023-03-25 04:06
2023-04-14 5.15 2023-03-25 04:06
2023-04-20 5.05 2023-03-25 04:06
2023-04-21 5.03 2023-03-25 04:06
2023-04-17 5.12 2023-03-25 04:06
2023-04-18 5.08 2023-03-25 04:06
2023-04-19 5.06 2023-03-25 04:06
2023-04-24 5.00 2023-03-25 04:06
2023-04-25 4.97 2023-03-25 04:06
2023-04-26 4.95 2023-03-25 04:06

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.