Transocean (RIG) stock: Technicals point to a 17% upside

Transocean (NYSE: RIG) stock price is not doing well in 2023. It has already dropped by almost 9% this year, lagging the S&P 500 and Nasdaq 100 indices that have surged to their record highs. The stock has fallen by more than 35% in the past five years.Transocean lowered estimatesCopy link to sectionTransocean is a major player in the energy sector. It is one of the few companies that take some of the toughest tasks in the industry. For example, it handles complicated rig solutions in the deep water and oth ...