RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SWX
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Stronger technical forecast for Southwest Gas Corporation stock price after Friday trading.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jul 17, 2024 Gain 0.18% PDF

The Southwest Gas Corporation stock price gained 0.517% on the last trading day (Friday, 19th Jul 2024), rising from $73.56 to $73.94. During the last trading day the stock fluctuated 1.64% from a day low at $72.85 to a day high of $74.04. The price has risen in 8 of the last 10 days and is up by 5.01% over the past 2 weeks. Volume fell on the last day by -122 thousand shares and in total, 140 thousand shares were bought and sold for approximately $10.38 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $75.27 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.88% during the next 3 months and, with a 90% probability hold a price between $64.23 and $70.84 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.

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SWX Signals & Forecast

Mostly positive signals in the chart today. The Southwest Gas Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $73.14 and $73.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 6.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Southwest Gas Corporation stock

Southwest Gas Corporation finds support from accumulated volume at $73.54 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.20 (1.64%) between high and low. For the last week, the stock has had daily average volatility of 2.20%.

Our recommended stop-loss: $70.35 (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (SWX) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Southwest Gas Corporation to open at $73.61, and during the day (based on 14 day Average True Range), to move between $72.33 and $75.55, which gives a possible trading interval of +/-$1.61 (+/-2.18%) up or down from last closing price. If Southwest Gas Corporation takes out the full calculated possible swing range there will be an estimated 4.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $73.54 (0.54%) than the resistance at $76.16 (3.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Southwest Gas Corporation stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.173 Buy Candidate Upgraded

Predicted Opening Price for Southwest Gas Corporation of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$73.61 ( 0.449%) $73.94

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SWX

Fibonacci Support & Resistance Levels

Level Price
R3 74.80 1.17%
R2 74.35 0.550%
R1 74.06 0.169%
Price 73.94
S1 73.15 -1.07%
S2 72.87 -1.45%
S3 72.41 -2.06%

Accumulated Volume Support & Resistance Levels

Level Price
R3 77.37 4.64%
R2 76.38 3.30%
R1 76.16 3.00%
Price 73.94
S1 73.54 -0.541%
S2 70.38 -4.81%
S3 69.25 -6.34%

SWX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 15, 2024 Aug 15, 2024 Sep 03, 2024 $0.620 0.84%
2 Feb 22, 2024 May 14, 2024 Jun 03, 2024 $0.620 0.81%
3 Nov 15, 2023 Feb 14, 2024 Mar 01, 2024 $0.620 0.89%
4 Sep 20, 2023 Nov 14, 2023 Dec 01, 2023 $0.620 1.03%
5 May 03, 2023 Aug 14, 2023 Sep 01, 2023 $0.620 1.00%

FAQ

What is the symbol for Southwest Gas Corporation Stock and on which exchange is it traded?
The symbol for Southwest Gas Corporation is SWX and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Southwest Gas Corporation Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Southwest Gas Corporation Stock?
Southwest Gas Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Southwest Gas Corporation Stock.

What's the current price of Southwest Gas Corporation Stock?
As of the end of day on the Jul 19, 2024, the price of an Southwest Gas Corporation (SWX) share was $73.94.

What is the 52-week high and low for Southwest Gas Corporation Stock?
The 52-week high for Southwest Gas Corporation Stock is $78.47 and the 52-week low is $56.18.

What is the market capitalization of Southwest Gas Corporation Stock?
As of the Jul 19, 2024, the market capitalization of Southwest Gas Corporation is 5.299B.

When is the next earnings date for Southwest Gas Corporation?
The upcoming earnings date for Southwest Gas Corporation is Aug 06, 2024.
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About Southwest Gas Corporation

Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems. As of December 31, 2021, it had 2,159,000 residenti... SWX Profile

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