SOUTHWEST GAS HLD. - Daily - Technical analysis published on 10/10/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 89.24 USD
My targets
91.54 USD (+1.10%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SOUTHWEST GAS HLD. as long as the price remains well above 89.24 USD. The buyers” bullish objective is set at 91.54 USD. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOUTHWEST GAS HLD. rating 90.54 USD. The price has increased by +0.14% since the last closing and was between 88.50 USD and 90.99 USD. This implies that the price is at +2.31% from its lowest and at -0.49% from its highest.88.50
90.99
90.54
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SOUTHWEST GAS HLD. chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 83.90 | 86.26 | 89.24 | 90.54 | 91.54 |
| Change (%) | -7.33% | -4.73% | -1.44% | - | +1.10% |
| Change | -6.64 | -4.28 | -1.30 | - | +1.00 |
| Level | Intermediate | Major | Intermediate | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88.58 | 89.06 | 89.74 | 90.22 | 90.90 | 91.38 | 92.06 |
| Camarilla | 90.09 | 90.20 | 90.30 | 90.41 | 90.52 | 90.62 | 90.73 |
| Woodie | 88.67 | 89.11 | 89.83 | 90.27 | 90.99 | 91.43 | 92.15 |
| Fibonacci | 89.06 | 89.51 | 89.78 | 90.22 | 90.67 | 90.94 | 91.38 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 86.04 | 87.28 | 89.19 | 90.43 | 92.34 | 93.58 | 95.49 |
| Camarilla | 90.24 | 90.53 | 90.82 | 91.11 | 91.40 | 91.69 | 91.98 |
| Woodie | 86.39 | 87.45 | 89.54 | 90.60 | 92.69 | 93.75 | 95.84 |
| Fibonacci | 87.28 | 88.48 | 89.22 | 90.43 | 91.63 | 92.37 | 93.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.69 | 86.72 | 88.88 | 90.91 | 93.07 | 95.10 | 97.26 |
| Camarilla | 89.89 | 90.27 | 90.66 | 91.04 | 91.42 | 91.81 | 92.19 |
| Woodie | 84.76 | 86.75 | 88.95 | 90.94 | 93.14 | 95.13 | 97.33 |
| Fibonacci | 86.72 | 88.32 | 89.31 | 90.91 | 92.51 | 93.50 | 95.10 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.85 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | -9.06 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 90.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 91.21 | |
| Elder Ray (13): | -0.76 | |
| Super Trend (3,10): | 87.78 | |
| Zig ZAG (10): | 90.64 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 53.26 | |
| TEMA (21): | 90.44 | |
| Williams %R (14): | -39.55 | |
| Chande Momentum Oscillator (20): | 0.37 | |
| Repulse (5,40,3): | 1.6800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.65 |
| MA7: | 90.38 | |
| MA20: | 90.76 | |
| MA50: | 89.86 | |
| MA100: | 88.95 | |
| MAexp7: | 90.50 | |
| MAexp20: | 90.49 | |
| MAexp50: | 89.92 | |
| MAexp100: | 88.41 | |
| Price / MA7: | +0.18% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | +0.76% | |
| Price / MA100: | +1.79% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.06% | |
| Price / MAexp50: | +0.69% | |
| Price / MAexp100: | +2.41% |
News
The last news published on SOUTHWEST GAS HLD. at the time of the generation of this analysis was as follows:
- Southwest Gas Holdings, Inc. to Present at American Gas Association 2019 Financial Forum
- Southwest Gas Holdings, Inc. Announces Conference Call
- Southwest Gas Holdings, Inc. Announces First Quarter 2019 Earnings
- Southwest Gas Holdings, Inc. Announces Conference Call
- Southwest Gas Holdings Declares Third Quarter 2019 Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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