According to the 15-minute chart of Southwest Gas, a notable technical indicator has been triggered: the KDJ Golden Cross and Bullish Marubozu at 07/14/2025 10:00. This signals a shift in momentum towards the upside, indicating a potential for further price appreciation. As buyers continue to exert control over the market, it is likely that bullish momentum will persist.
US stock markets saw a notable surge in Southwest Gas shares following a significant technical indicator event. According to the 15-minute chart, Southwest Gas triggered the KDJ Golden Cross and Bullish Marubozu indicators at 07/14/2025 10:00. This combination signals a shift in momentum towards the upside, indicating a potential for further price appreciation [1].
The KDJ Golden Cross, a popular momentum indicator, suggests a bullish trend when the K line crosses above the D line. The Bullish Marubozu, on the other hand, indicates strong buying pressure when the closing price is higher than the opening and the highest price of the day, with no shadows on the candlestick chart. These indicators collectively imply that buyers are currently in control of the market, and there is a high likelihood of continued bullish momentum [2].
The positive technical indicators come at a time when Southwest Gas has been underperforming relative to its peers. The recent discovery of new natural gas reserves off the coast of Cyprus by ExxonMobil and Qatar Energy has added to the market's supply dynamics, potentially affecting Southwest Gas's operations [3]. However, the positive technical indicators suggest that investors are optimistic about the company's future prospects.
Investors should closely monitor Southwest Gas's upcoming financial results and other technical indicators to gauge the sustainability of the current bullish trend. As the company navigates through the current market conditions, it will be crucial to assess its ability to adapt to the changing dynamics of the natural gas market.
References:
[1] https://www.fxleaders.com/news/2025/07/10/deltas-upbeat-forecast-sends-united-american-southwest-shares-flying/
[2] https://www.ainvest.com/news/natural-gas-services-15min-chart-shows-bollinger-bands-narrowing-bearish-marubozu-2507-43/
[3] https://finance.yahoo.com/news/centuri-holdings-inc-nyse-ctri-103209615.html
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