SOUTHWEST GAS HOLDINGS INC (SWX) Technical Analysis
NYSE:SWX • US8448951025
Overall SWX gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SWX is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that SWX is one of the better performing stocks in the market, outperforming 78% of all stocks. We also observe that the gains produced by SWX over the past year are nicely spread over this period.
- SWX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SWX is performing more or less in line with the market.
- SWX is part of the Gas Utilities industry. There are 15 other stocks in this industry, SWX did better than 64% of them.
- In the last month SWX has a been trading in the 81.32 - 90.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SWX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 88.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 87.13, a Stop Loss order could be placed below this zone.
More info and screens
69.68
We found 3 important support areas.
- A support zone ranging from 81.99 to 87.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.68 to 80.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.38 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 88.17 to 89.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SWX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SWX is up. |
| ChartMill Relative Strength | 78 | POSITIVE | SWX has a high relative strength, it outperformed 78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SWX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SWX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SWX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.13 | NEUTRAL | The RSI value for SWX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests SWX has a negative trend. |
| Stochastics (14,3) | 80.53 | OVERBOUGHT | The high Stochastics value suggests SWX may be overbought. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for SWX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.82 | NEUTRAL | The ADX value for SWX suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 89.61 | 81.31 | 8.30 (9.26%) | 10.80% |
| An entry @89.61. This is a Buy Stop order right above the resistance zone. | An exit @81.31. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.30 points, which is 9.26%. | For a 1.00% total portfolio risk, you can invest 10.80% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
SWX Technicals: Chart, Performance Metrics, Trend & Indicators
87.62
-0.09 (-0.1%)
SOUTHWEST GAS HOLDINGS INC / SWX FAQ
What is the ChartMill technical rating of SOUTHWEST GAS HOLDINGS INC (SWX) stock?
ChartMill assigns a technical rating of 10 / 10 to SWX.
What is the trend direction for SWX stock?
The current trend direction for SOUTHWEST GAS HOLDINGS INC (SWX) is Bullish.
What is the RSI signal for SWX stock?
SOUTHWEST GAS HOLDINGS INC (SWX) has an RSI value of 56.1255. This indicates that the stock is currently neutral.
What is the short term momentum for SOUTHWEST GAS HOLDINGS INC (SWX) stock?
The short term momentum for SOUTHWEST GAS HOLDINGS INC (SWX) is positive.
Can you provide the buy/sell signal for SOUTHWEST GAS HOLDINGS INC?
The buy/sell signal for SOUTHWEST GAS HOLDINGS INC (SWX) is buy as both the short term and long term trends are positive.