Natural Gas Services Group Inc Stock Forecast

Natural Gas Services Group Inc stock price ended at $22.39 on Friday, after losing 0.223%.
(Updated on May 03, 2024)

NGS Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -7.75%. 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). Natural Gas Services Group Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Natural Gas Services Group Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $22.99. On a fall, the stock will find some support from the long-term average at approximately $21.88. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Natural Gas Services Group Inc stock

Natural Gas Services Group Inc finds support from accumulated volume at $22.08 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 $0.430 (1.93%) between high and low. For the last week, the stock has had daily average volatility of 3.62%.

Our recommended stop-loss: $21.19 (-5.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (NGS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Natural Gas Services Group Inc to open at $22.49, and during the day (based on 14 day Average True Range), to move between $21.52 and $23.26, which gives a possible trading interval of +/-$0.87 (+/-3.87%) up or down from last closing price. If Natural Gas Services Group Inc takes out the full calculated possible swing range there will be an estimated 7.75% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.08 (1.38%) than the resistance at $22.77 (1.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Natural Gas Services Group Inc stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 3.433 Buy Candidate Unchanged

Predicted Opening Price for Natural Gas Services Group Inc of Monday, May 6, 2024

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