SWN stuck within tight trading range


Southwestern Energy (SWN) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
SWN runs into sellers again around 5.28
SWN stuck within tight trading range
SWN closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 33% Bearish
Technical Forecast:
Overview

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 chart for SWN
Volatility

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.

Support/Resistance

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.

Trend

While still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Conclusion

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
Condition Forecast Direction Win Avg Worst Best Events
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
More market conditions identified for TQ Pro members...
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