National Fuel Gas Company Stock Forecast
Stronger technical forecast for National Fuel Gas Company stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The National Fuel Gas Company stock price gained 1.53% on the last trading day (Wednesday, 27th Mar 2024), rising from $52.18 to $52.98. During the last trading day the stock fluctuated 2.51% from a day low at $51.80 to a day high of $53.10. The price has risen in 7 of the last 10 days and is up by 2.5% 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, 251 thousand more shares were traded than the day before. In total, 756 thousand shares were bought and sold for approximately $40.07 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $53.45 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.39% during the next 3 months and, with a 90% probability hold a price between $49.84 and $56.33 at the end of this 3-month period.
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NFG 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 $52.30 and $49.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 15.98%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for National Fuel Gas Company stock
National Fuel Gas Company finds support from accumulated volume at $50.93 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 $1.30 (2.51%) between high and low. For the last week, the stock has had daily average volatility of 1.55%.
Our recommended stop-loss: $51.03 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (NFG) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect National Fuel Gas Company to open at $52.63, and during the day (based on 14 day Average True Range), to move between $52.08 and $53.88, which gives a possible trading interval of +/-$0.90 (+/-1.69%) up or down from last closing price. If National Fuel Gas Company takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $50.93, some $2.05 (3.87%) from the current price of $52.98, our system finds the risk reward attractive.
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.966 Buy Candidate Upgraded
Predicted Opening Price for National Fuel Gas Company of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$52.63 ( 0.667%) | $52.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NFG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.93 | 1.79 % | |
R2 | 53.43 | 0.85 % | ||
R1 | 53.12 | 0.270 % | ||
Current price: | 52.98 | |||
Support | S1 | 52.13 | -1.60 % | |
S2 | 51.82 | -2.18 % | ||
S3 | 51.33 | -3.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 52.98 | |||
Support | S1 | 50.93 | -3.87% | |
S2 | 49.61 | -6.36% | ||
S3 | 48.78 | -7.93% |
NFG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 11, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.495 | 0.93% |
2 | Dec 28, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.495 | 0.98% |
3 | Sep 14, 2023 | Sep 28, 2023 | Oct 13, 2023 | $0.495 | 0.92% |
4 | Jun 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.495 | 0.98% |
5 | Mar 09, 2023 | Mar 30, 2023 | Apr 14, 2023 | $0.475 | 0.85% |
FAQ
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