SOUTHWEST GAS HOLDINGS INC (SWX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:SWX • US8448951025
Overall SWX gets a technical rating of 7 out of 10. Although SWX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- SWX is part of the Gas Utilities industry. There are 14 other stocks in this industry, of which 84% are performing better than SWX.
- Both the short term and long term trends are positive. This is a very positive sign.
- SWX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SWX is lagging the market slightly.
- In the last month SWX has a been trading in the 80.80 - 86.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- When compared to the yearly performance of all other stocks, SWX outperforms 57% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
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. There is very little resistance above the current price. There is a support zone below the current price at 82.86, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
67.81
We found 5 important support areas.
- A support zone ranging from 79.08 to 82.86. 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 77.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @76.39 from a horizontal line in the daily time frame.
- Support @70.38 from a horizontal line in the weekly time frame.
- Support @68.49 from a horizontal line in the weekly time frame.
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 | 57.15 | NEUTRAL | SWX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SWX is below 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) | 53.99 | NEUTRAL | The RSI value for SWX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests SWX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.4 | NEUTRAL | The Stochastics value for SWX is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for SWX suggests low volalility. |
| Average Directional Index/ADX (14) | 14.2 | NEGATIVE | The low ADX value for SWX suggests a weak or negative 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 |
|---|---|---|---|
| 84.64 | 81.10 | 3.55 (4.19%) | 23.88% |
| An entry @84.64. This is a Buy Stop order right above the 10 day high. | An exit @81.09. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.55 points, which is 4.19%. | When investing 23.88% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
83.26
+0.27 (+0.33%)
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 7 / 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 53.9944. 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.