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National Fuel Gas Company Stock Forecast NYSE:NFG

$61.83 (0.29%)

Volume: 453k

Closed: Dec 07, 2021

Hollow Logo Score: 2.541

National Fuel Gas Company Stock Forecast

$61.83 (0.29%)

Volume: 453k

Closed: Dec 07, 2021

Score Hollow Logo 2.541
Which way will NFG go? Request
Stop-loss: $59.41 (-3.92%)
Key Stats
P/E Ratio 7.73
Beta 0.56
Trailing Dividend Rate 2.88% ($1.78)
Next Dividend Date Dec 30, 2021
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 55 and the stock is currently not being overbought or oversold

National Fuel Gas Company stock price ended on $61.83 on Tuesday after gaining 0.29%
(Updated on Dec 07, 2021)


Buy candidate since 2021-12-02 Gain 2.67%

The National Fuel Gas Company stock price gained 0.29% on the last trading day (Tuesday, 7th Dec 2021), rising from $61.65 to $61.83. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 2.31% from a day low at $61.51 to a day high of $62.93. The price has risen in 7 of the last 10 days and is up by 3.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 103 thousand more shares were traded than the day before. In total, 453 thousand shares were bought and sold for approximately $28.01 million.

The stock lies in the middle of a strong 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 19.75% during the next 3 months and, with a 90% probability hold a price between $70.22 and $75.67 at the end of this 3-month period.

Signals & Forecast

The National Fuel Gas Company 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 $59.98 and $59.31. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, November 24, 2021, and so far it has fallen -0.0647%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

National Fuel Gas Company finds support from accumulated volume at $60.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.42 between high and low, or 2.31%. For the last week the stock has had a daily average volatility of 2.80%.

Since the National Fuel Gas Company has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $59.41 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Is National Fuel Gas Company 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 National Fuel Gas Company stock to perform well in the short-term.

Current score: 2.541

Predicted Opening Price for National Fuel Gas Company of Wednesday, December 8, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 8, 2021 Current price
$62.09 $61.83 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Oct 26, 2021 "Raymond James" gave "$62.00 - $69.00" rating for NFG. The price target was set to $59.16+1.7%.

Volatility and Risk
Daily Average Volatility: 2.80 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.80 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $61.87
Price: $61.83
Support: $60.20

NFG Insider Trading Show all Trades

INSIDER POWER

1.502

Last 100 transactions
Buy: 191 231 | Sell: 127 323 (Shares)
Date Action Amount Person Type
Dec 02, 2021 Sell 7 398 Tanski Ronald J Common Stock
Dec 02, 2021 Buy 13 924 Tanski Ronald J Common Stock
Dec 02, 2021 Sell 6 803 Tanski Ronald J Common Stock
Dec 02, 2021 Buy 12 804 Tanski Ronald J Common Stock
Dec 02, 2021 Buy 1 928 Mugel Sarah J Restricted Stock Units
Show all Insider Trades
INSIDER POWER

1.502

Last 100 transactions
Buy: 191 231 | Sell: 127 323 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 63.51 2.72 %
62.97 1.84 %
62.63 1.30 %
Current price: 61.83
Support 61.55 -0.46 %
61.21 -1.00 %
60.67 -1.88 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
61.87 0.0647 %
Current price 61.83
Support 60.20 -2.64%
59.75 -3.36%
51.19 -17.21%

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About National Fuel Gas Company

National Fuel Gas Company National Fuel Gas Company operates as a diversified energy company in the United States. It operates through five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California in the Appalachian region of the United States. As of September 30, 2015, this segment had proved developed and und... Read more

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