Is Southwest Gas Holdings, Inc. technically bullish or bearish?

As of 19 September 2025, the technical trend for Southwest Gas Holdings, Inc. has changed from bullish to mildly bullish. The weekly MACD and moving averages are bullish, while the monthly MACD is also bullish, indicating positive momentum. However, the KST shows a mildly bearish stance on the monthly timeframe, and the Dow Theory reflects a mildly bullish trend on the weekly basis with no trend monthly. The Bollinger Bands are bullish weekly but sideways monthly, suggesting some consolidation.
In terms of performance, the stock has underperformed the S&P 500 over the past week and month, with returns of -1.37% and 0.37% compared to 1.22% and 3.95% for the benchmark, respectively. Year-to-date, the stock has returned 11.03%, lagging behind the S&P 500's 13.31%. Over the longer term, the stock has struggled significantly, with a 3-year return of -0.29% versus the S&P 500's 70.89%.

Overall, the current technical stance is mildly bullish, but the stock's recent performance relative to the S&P 500 raises concerns about its strength.