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Southwestern Energy Company (SWN): Trading Secrets for Today’s Investors

Southwestern Energy Company (NYSE:SWN) fell by -0.18% in Thursday’s trading session from $5.47 to $5.46 and has now fallen 3 consecutive sessions. The price has fallen in 8 of the last 10 days and is down by -11.07% over the same course of time. There was a decrease in both volume and price. This is usually interpreted as a good sign as traders widely believe falling stock should see declining volume. Traded activity experienced a fall of -0.81 million shares and in total 10.17 M shares exchanged hands for about $55.54 million.

 

Inside SWN’s Recent Trend

Southwestern Energy Company (SWN) lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down through the resistance trend line at $5.41 will initially suggest a lower tendency for gains in the price and this might very well be an early sign that a trend shift is coming. Short-term traders are predicted to see a rally of 8.27% over the course of a quarter and, with 90% chance the price will be floating in the range of $5.86 and $7.05 in this timeframe.

Southwestern Energy Company Technical Signals



SWN has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend. Upon corrections, the price will meet resistance from the averages between $5.64 and $5.84. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Tuesday October 03, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity. The downbeat movement of both volume and price during the recent session is interpreted as a good sign because traders usually believe falling stock should see declining 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 $5.28. In case of gains, the next resistance from accumulated volume will be at $5.83, $5.91 and $6.05.

 




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 $0.17 between high and low, or 3.18%. The average volatility for the past week stood at 3.40%.

Southwestern Energy Company is in oversold territory based on Relative Strength Index reading (20). In some cases it takes more time for the trend to shift while the stock is being oversold and the Relative Strength Index keeps moving.

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