SWX Forecast and Technical Stock Analysis
Hold candidate since 2020-01-15 Loss -0.92% PDF
Southwest Gas Corporation fell by -0.13% in the last day ( Friday, 17th Jan 2020 ) from $76.80 to $76.70 and has now fallen 4 days in a row. During the day the stock fluctuated 1.68% from a day low at $75.73 to a day high of $77.00. The price has been going up and down for this period, and there has been a 0.52% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -17 720 shares and in total 454 967 shares bought and sold for approximately $34.90 million.
- 30 day high of the SWX stock price was $78.20 and low was $74.02.
- 90 day high was $89.77 and low was $74.02.
- 52 week high for Southwest Gas Corporation - $92.94 and low - $74.02.
Southwest Gas Corporation 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 $77.68 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 -13.49% during the next 3 months and, with 90% probability hold a price between $57.92 and $67.20 at the end of this period.
Southwest Gas Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $76.63 and $75.78. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday January 14, 2020, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 61 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Southwest Gas Corporation finds support from accumulated volume at $75.74.
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 $1.28 (1.68%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: $73.38 (-4.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 day(s) ago.)
1.72 %Average volatility
Very Low Low Medium High Very High
Southwest Gas Corporation 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 hold candidate (hold or accumulate) in this position whilst awaiting further development.
|SWX $76.70 ($-0.10 -0.13%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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