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

There Are Mixed Technical Signals in Turquoise Hil... Turquoise Hill Resources Ltd. (NYSE:TRQ) gained 0.60% in yesterday’s session, going up from its prior closing price of $3.34 to $3.36, and has now rec...
Taking Tally Of Western Digital Corporation (WDC),... The shares of Western Digital Corporation have increased by more than 33.85% this year alone. The shares recently went up by 4.13% or $4.22 and now tr...
Fundamentals in Focus for Best Buy Co., Inc. (BBY) Best Buy Co., Inc. (NYSE:BBY) seems to be forming a pattern of major movements, providing only some crumbs of outlook for market participants trying t...
Understanding Technical Signals From SeaDrill Limi... SeaDrill Limited (NYSE:SDRL) fell by -22.26% in Thursday’s trading day from $0.48 to $0.37. The price has been moving in both directions for this peri...
Coty Inc. (COTY) vs. Ally Financial Inc. (ALLY): W... Coty Inc. (NYSE:COTY) shares are down more than -29.26% this year and recently decreased -0.57% or -$0.08 to settle at $14.07. Ally Financial Inc. (NY...