Previous Hold Today SWX ranks #3304 as HOLD CANDIDATE #3304 Next Hold

SWX stock forecast Southwest Gas Corporation

SWX stock forecast

Friday January 17, 2020 Change -0.13% Price $76.70
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

The stock had a Golden Star Signal* on Friday January 10, 2020 in the short-term chart.

* 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.
1.2942419440042

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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.

Support: $75.74 Price: $76.70 Resistance: $76.71

Risk

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

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

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.

Previous Hold Today SWX ranks #3304 as HOLD CANDIDATE #3304 Next Hold
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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.

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