Southwestern Energy Company (NYSE:SWN) Just Flashed an Extremely Rare ‘Hold’ Signal

Southwestern Energy Company (NYSE:SWN) gained 0.33% in yesterday’s session, going up from its prior closing price of $6.12 to $6.14 The stock price went upward in 6 of the last 10 days and has generated 5.32% during the last two weeks. The upbeat movement of both volume and price during the recent session is interpreted as a good sign, and, overall 3.20 million more shares exchanged hands compared with prior day. In total, 16.96 M shares exchanged hands for about $104.11 million.

Inside SWN’s Recent Trend

Southwestern Energy Company (SWN) lies in the middle of a wide and weak rising trend in the short term and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 4.66% over the course of a quarter and, with 90% chance the price will be floating in the range of $5.51 and $6.67 in this timeframe.

Southwestern Energy Company Technical Signals

SWN has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $6.19. On a drop, the stock is likely to find some support over the long run, which begins at $5.73. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal. Its pivot point low generated buy signal on Wednesday October 04, 2017, which calls for additional surge until the stock forms a new pivot point high. There was increase in both volume and price. This is usually interpreted as a good sign as traders widely believe rising stock should see increasing volume.

Southwestern Energy Company (NYSE:SWN) Support And Resistance Levels

Southwestern Energy Company (SWN) recorded volume accumulation so there will probably be a surplus of buyers at $6.05. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $6.23, $6.26 and $6.30.

Accumulated volume is going to prevent the price from rising further at $6.23 and this action will lead the price to take a temporary pause or stay muted for a few days.

Southwestern Energy Company (SWN) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.20 between high and low, or 3.28%. The average volatility for the past week stood at 3.78%.

Previous ArticleNext Article

Related Post

Choosing Between Hot Stocks: Spectrum Pharmaceutic... The shares of Spectrum Pharmaceuticals, Inc. have increased by more than 350.34% this year alone. The shares recently went up by 4.78% or $0.91 and no...
Bill Barrett Corporation (BBG): More In-Depth Moni... Bill Barrett Corporation (NYSE:BBG) is an interesting stock at present. Now trading with a market value of 220.35M, the company has a mix of catalysts...
Which Market Offer More Value? – Infinity Ph... The shares of Infinity Pharmaceuticals, Inc. have increased by more than 26.67% this year alone. The shares recently went down by -5.00% or -$0.09 and...
eBay Inc. (EBAY): Don’t Let the Headlines Di... eBay Inc. (NASDAQ:EBAY) gained 1.73% in Tuesday’s session, going up from its prior closing price of $37.00 to $37.64, and has now recorded rally in 3 ...
Is Kellogg Company (K) Investing Its Way Into A Mu... Kellogg Company (NYSE:K) fell by -2.31% in Monday’s trading session from $60.26 to $58.87 and has now fallen 3 consecutive sessions. The price has fal...