SWN stuck within tight trading range
Southwestern Energy Company (SWN) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
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.
Daily Candlestick Chart (SWN as at Jun 14, 2018):
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.