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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of SWX
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Southwest Gas Corporation stock price ended at $74.25 on Monday, after gaining 1.05%.
(Updated on Apr 22, 2024)

Buy or Hold candidate since Mar 18, 2024 Gain 6.15% PDF

The Southwest Gas Corporation stock price gained 1.05% on the last trading day (Monday, 22nd Apr 2024), rising from $73.48 to $74.25. During the last trading day the stock fluctuated 1.98% from a day low at $73.38 to a day high of $74.83. The price has fallen in 6 of the last 10 days and is down by -1.98% for this period. Volume fell on the last day by -309 thousand shares and in total, 332 thousand shares were bought and sold for approximately $24.66 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 in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $73.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 33.24% during the next 3 months and, with a 90% probability hold a price between $97.56 and $107.49 at the end of this 3-month period.

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SWX Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -2.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Southwest Gas Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $73.27 and $73.20. A breakdown below any of these levels will issue sell signals. 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 $73.03 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 $1.45 (1.98%) between high and low. For the last week, the stock has had daily average volatility of 2.19%.

Our recommended stop-loss: $71.28 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (SWX) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Southwest Gas Corporation to open at $74.15, and during the day (based on 14 day Average True Range), to move between $72.67 and $75.83, which gives a possible trading interval of +/-$1.58 (+/-2.13%) up or down from last closing price. If Southwest Gas Corporation takes out the full calculated possible swing range there will be an estimated 4.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $74.95 (0.94%) than the support at $73.03 (1.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Southwest Gas Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Southwest Gas Corporation stock to perform well in the short-term.

Current score: 3.801 Buy Candidate Unchanged

Predicted Opening Price for Southwest Gas Corporation of Tuesday, April 23, 2024

Fair opening price April 23, 2024 Current price
$74.15 ( 0.130%) $74.25

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
Resistance R3 75.60 1.82 %
R2 75.05 1.08 %
R1 74.71 0.616 %
Current price: 74.25
Support S1 73.60 -0.88 %
S2 73.26 -1.34 %
S3 72.70 -2.08 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 76.13 2.53 %
R2 75.15 1.21 %
R1 74.95 0.94 %
Current price 74.25
Support S1 73.03 -1.64%
S2 71.06 -4.30%
S3 60.03 -19.15%

SWX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 May 14, 2024 Jun 03, 2024 $0.620 0.84%
2 Nov 15, 2023 Feb 14, 2024 Mar 01, 2024 $0.620 0.89%
3 Sep 20, 2023 Nov 14, 2023 Dec 01, 2023 $0.620 1.03%
4 May 03, 2023 Aug 14, 2023 Sep 01, 2023 $0.620 1.00%
5 Feb 23, 2023 May 12, 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, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Southwest Gas Corporation stock to perform well in the short-term.

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 Apr 22, 2024, the price of an Southwest Gas Corporation (SWX) share was $74.25.

What is the 52-week high and low for Southwest Gas Corporation Stock?
The 52-week high for Southwest Gas Corporation Stock is $76.75 and the 52-week low is $53.80.

What is the market capitalization of Southwest Gas Corporation Stock?
As of the Apr 22, 2024, the market capitalization of Southwest Gas Corporation is 5.319B.

When is the next earnings date for Southwest Gas Corporation?
The upcoming earnings date for Southwest Gas Corporation is May 14, 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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