Southwestern Energy Stock Forecast
Southwestern Energy stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Southwestern Energy stock price gained 0.739% on the last trading day (Tuesday, 2nd Jul 2024), rising from $6.77 to $6.82. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.85% from a day low at $6.74 to a day high of $6.87. The price has been going up and down for this period, and there has been a -0.73% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately $104.96 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.47% during the next 3 months and, with a 90% probability hold a price between $6.04 and $6.68 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SWN Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 2.25%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Southwestern Energy stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $7.17. On a fall, the stock will find some support from the short-term average at $6.79. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Southwestern Energy stock
Southwestern Energy finds support from accumulated volume at $6.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.125 between high and low, or 1.85%. For the last week, the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: $6.42 (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (SWN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Southwestern Energy Company to open at $6.81, and during the day (based on 14 day Average True Range), to move between $6.66 and $6.98, which gives a possible trading interval of +/-$0.162 (+/-2.37%) up or down from last closing price. If Southwestern Energy Company takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.77 (0.73%) than the resistance at $7.22 (5.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Southwestern Energy Company stock A Buy?
Southwestern Energy holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.800 Hold/Accumulate Upgraded
Predicted Opening Price for Southwestern Energy Company of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$6.81 ( 0.171%) | $6.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWN
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.93 | 1.66% |
R2 | 6.89 | 0.96% |
R1 | 6.86 | 0.529% |
Price | 6.82 | |
S1 | 6.76 | -0.87% |
S2 | 6.73 | -1.30% |
S3 | 6.68 | -2.00% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.52 | 10.26% |
R2 | 7.39 | 8.36% |
R1 | 7.22 | 5.87% |
Price | 6.82 | |
S1 | 6.77 | -0.733% |
S2 | 6.75 | -1.03% |
S3 | 6.67 | -2.20% |
SWN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 05, 2000 | Apr 18, 2000 | May 05, 2000 | $0.0075 | 0.706% |
2 | Jan 05, 2000 | Jan 18, 2000 | Feb 04, 2000 | $0.0075 | 0.97% |
3 | Oct 07, 1999 | Oct 18, 1999 | Nov 05, 1999 | $0.0075 | 0.727% |
4 | Jul 07, 1999 | Jul 16, 1999 | Aug 05, 1999 | $0.0075 | 0.696% |
5 | Apr 20, 1999 | Apr 20, 1999 | Apr 20, 1999 | $0.0075 | 0.89% |
FAQ
Click here for our free guide on how to buy Southwestern Energy Stock.