ONE Gas Inc Stock Forecast
Red day on Monday for ONE Gas Inc stock after losing 0.550%
(Updated on May 06, 2024)
The ONE Gas Inc stock price fell by -0.550% on the last day (Monday, 6th May 2024) from $65.45 to $65.09. During the last trading day the stock fluctuated 1.41% from a day low at $65.07 to a day high of $65.99. The price has fallen in 6 of the last 10 days but is still up by 0.7% over the past 2 weeks. Volume has increased on the last day by 40 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 301 thousand shares were bought and sold for approximately $19.57 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.61% during the next 3 months and, with a 90% probability hold a price between $67.62 and $71.74 at the end of this 3-month period.
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OGS Signals & Forecast
The ONE Gas Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $64.94 and $63.54. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -1.20%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for ONE Gas Inc stock
ONE Gas Inc finds support from accumulated volume at $62.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.92 (1.41%) between high and low. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: $63.18 (-2.93%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (OGS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ONE Gas Inc to open at $65.38, and during the day (based on 14 day Average True Range), to move between $63.86 and $66.32, which gives a possible trading interval of +/-$1.23 (+/-1.89%) up or down from last closing price. If ONE Gas Inc takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $65.45 (0.55%) than the support at $62.91 (3.35%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is ONE Gas Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ONE Gas Inc stock to perform well in the short-term.
Current score: 1.879 Buy Candidate Unchanged
Predicted Opening Price for ONE Gas Inc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $65.38 ( 0.451%) | $65.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OGS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.30 | 1.86 % | |
| R2 | 65.95 | 1.32 % | ||
| R1 | 65.73 | 0.99 % | ||
| Current price: | 65.09 | |||
| Support | S1 | 65.03 | -0.0893 % | |
| S2 | 64.81 | -0.423 % | ||
| S3 | 64.46 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 65.88 | 1.21 % | ||
| R1 | 65.45 | 0.553 % | ||
| Current price | 65.09 | |||
| Support | S1 | 62.91 | -3.35% | |
| S2 | 62.45 | -4.06% | ||
| S3 | 60.66 | -6.81% |
OGS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.660 | 1.05% |
| 2 | Oct 30, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.650 | 1.09% |
| 3 | Jul 17, 2023 | Aug 15, 2023 | Sep 01, 2023 | $0.650 | 0.89% |
| 4 | May 01, 2023 | May 16, 2023 | Jun 02, 2023 | $0.650 | 0.799% |
| 5 | Jan 24, 2023 | Feb 23, 2023 | Mar 10, 2023 | $0.650 | 0.87% |
FAQ
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