SWN stuck within tight trading range
SWN finished Thursday at 5.20 flat. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.
Thursday's trading range was $0.16 (3.04%), that's below last trading month's daily average range of $0.19. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 5.06 and 5.28 which it has been in now for the last three days.
After having been unable to move above 5.26 in the previous session, the share ran into sellers again around the same price level today, failing to move higher than 5.28.
While still in a long-term downtrend, the short and medium-term trends both turned bullish already.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for Southwestern Energy
|Close to R1 Resistance||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Doji||TQ Pro Members Only|
|Bounced off Technical Resistance R1||TQ Pro Members Only|
|Gravestone Doji||TQ Pro Members Only|
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