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NWN Stock Tickeron detected bearish Stock Pattern: Broadening Bottom NWN on August 09, 2023, netting in a 9.75% gain over 1 month

A.I.dvisor
at Tickeron.com
10/03/23
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+9.75% Gain from a Successful pattern Broadening Bottom
NWN - Northwest Natural Holding Company
Ticker: NWN
Company: Northwest Natural Holding
Gain from shortening: +9.75%
Confirmed: 08/09/23
Succeeded: 10/02/23
Total length: 55 days
On August 08, 2023, A.I.dvisor detected a Broadening Bottom Pattern (Bearish) for Northwest Natural Holding Company (NWN, $40.92). 1 day later, on August 09, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 02, 2023, the stock hit the target price of $37.64 – resulting in a gain for traders who shorted the stock on the pattern detection date.

NWN's RSI Oscillator leaves overbought zone

The 10-day RSI Oscillator for NWN moved out of overbought territory on August 28, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 19 instances where the indicator moved out of the overbought zone. In of the 19 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

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published General Information

General Information

a holding company whose subsidiaries maintains natural gas distribution system

Industry GasDistributors

Profile
Fundamentals
Details
Industry
Gas Distributors
Address
250 S.W. Taylor Street
Phone
+1 503 226-4211
Employees
1380
Web
https://www.nwnaturalholdings.com