SOUTHWEST GAS HOLDINGS INC (SWX) Technical Analysis
NYSE:SWX • US8448951025
Current stock price
SWX Technical Rating and Analysis
Overall SWX gets a technical rating of 9 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 75% of all stocks. We also observe that the gains produced by SWX over the past year are nicely spread over this period.
- SWX is one of the better performing stocks in the Gas Utilities industry, it outperforms 78% of 15 stocks in the same industry.
- SWX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SWX is leading the market.
- In the last month SWX has a been trading in the 83.51 - 89.29 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
SWX Weekly and Daily overview Charts
SWX Setup Rating and Analysis
SWX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 89.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 86.93, a Stop Loss order could be placed below this zone.
More info and screens
SWX Support and Resistance Analysis
69.68
4 important support areas can be observed.
- A support zone ranging from 83.71 to 86.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 81.94 to 81.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 77.68 to 79.50. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 89.25 to 89.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
SWX Technical Indicator Signal Analysis
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 | 75.43 | POSITIVE | SWX has a high relative strength, it outperformed 75.43% 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) | 61.7 | NEUTRAL | The RSI value for SWX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests SWX has a positive trend. |
| Stochastics (14,3) | 78.24 | NEUTRAL | The Stochastics value for SWX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for SWX suggests low volalility. |
| Average Directional Index/ADX (14) | 22.88 | NEUTRAL | The ADX value for SWX suggests a possible start of a new trend. |
SWX Chart- and CandleStick Pattern Analysis
SWX Example Setup
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 | 83.50 | 6.11 (6.82%) | 14.67% |
| An entry @89.61. This is a Buy Stop order right above the resistance zone. | An exit @83.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.11 points, which is 6.82%. | For a 1.00% total portfolio risk, you can invest 14.67% 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
89.24
+1.73 (+1.98%)
SOUTHWEST GAS HOLDINGS INC / SWX TA FAQ
What is the ChartMill technical rating of SOUTHWEST GAS HOLDINGS INC (SWX) stock?
ChartMill assigns a technical rating of 9 / 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 SOUTHWEST GAS HOLDINGS INC (SWX) stock?
SOUTHWEST GAS HOLDINGS INC (SWX) has an RSI value of 61.6987. This indicates that the stock is currently neutral.
What is the short term momentum for SWX stock?
The short term momentum for SOUTHWEST GAS HOLDINGS INC (SWX) is positive.
What is the support and resistance level for SWX stock?
SOUTHWEST GAS HOLDINGS INC (SWX) has a support level at 86.93 and a resistance level at 89.25. Check the full technical report for our detailed analysis of SWX support and resistance levels.