Southwestern Energy Stock Forecast
Southwestern Energy stock price ended at $7.65 on Thursday, after gaining 0.791%.
(Updated on Apr 25, 2024)
The Southwestern Energy stock price gained 0.791% on the last trading day (Thursday, 25th Apr 2024), rising from $7.59 to $7.65. During the last trading day the stock fluctuated 1.84% from a day low at $7.52 to a day high of $7.66. The price has risen in 6 of the last 10 days and is up by 3.52% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately $116.14 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.48% during the next 3 months and, with a 90% probability hold a price between $8.78 and $9.49 at the end of this 3-month period.
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SWN Signals & Forecast
The Southwestern Energy 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 $7.41 and $7.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.23%. 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. 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 $7.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.139 between high and low, or 1.84%. For the last week the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: $7.31 (-4.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (SWN) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Southwestern Energy Company to open at $7.61, and during the day (based on 14 day Average True Range), to move between $7.48 and $7.82, which gives a possible trading interval of +/-$0.168 (+/-2.20%) up or down from last closing price. If Southwestern Energy Company takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $7.51, some $0.140 (1.83%) from the current price of $7.65, our system finds the risk reward attractive.
Earnings coming up
Southwestern Energy will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.130. We will update the financials statements for Southwestern Energy, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.74% in the first trading day after earnings release.
Is Southwestern Energy Company stock A Buy?
Southwestern Energy holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.018 Strong Buy Candidate Unchanged
Predicted Opening Price for Southwestern Energy Company of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $7.61 ( 0.517%) | $7.65 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 7.75 | 1.30 % | |
| R2 | 7.70 | 0.603 % | ||
| R1 | 7.66 | 0.175 % | ||
| Current price: | 7.65 | |||
| Support | S1 | 7.56 | -1.21 % | |
| S2 | 7.52 | -1.64 % | ||
| S3 | 7.47 | -2.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 7.65 | |||
| Support | S1 | 7.51 | -1.83% | |
| S2 | 6.96 | -9.02% | ||
| S3 | 6.94 | -9.28% |
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 07, 1999 | Apr 16, 1999 | May 05, 1999 | $0.0075 | 0.762% |
FAQ
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