RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of OGS
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ONE Gas Inc stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 1.69% PDF

The ONE Gas Inc stock price gained 1.69% on the last trading day (Thursday, 28th Mar 2024), rising from $63.46 to $64.53. During the last trading day the stock fluctuated 1.92% from a day low at $63.46 to a day high of $64.68. The price has risen in 8 of the last 10 days and is up by 5.11% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 283 thousand shares were bought and sold for approximately $18.26 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $62.52 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $66.65 sometime during the next 3 months.

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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 $62.94 and $61.35. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 10.63%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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).

Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for ONE Gas Inc stock

ONE Gas Inc finds support from accumulated volume at $62.45 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 $1.22 between high and low, or 1.92%. For the last week the stock has had daily average volatility of 1.79%.

Our recommended stop-loss: $61.52 (-4.66%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (OGS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ONE Gas Inc to open at $64.22, and during the day (based on 14 day Average True Range), to move between $63.26 and $65.80, which gives a possible trading interval of +/-$1.27 (+/-1.97%) up or down from last closing price. If ONE Gas Inc takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $64.69 (0.25%) than the support at $62.45 (3.22%), 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?

ONE Gas Inc holds several positive signals and has broken the horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.058 Strong Buy Candidate Upgraded

Predicted Opening Price for ONE Gas Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$64.22 ( 0.475%) $64.53

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 65.44 1.42 %
R2 64.98 0.693 %
R1 64.69 0.247 %
Current price: 64.53
Support S1 63.76 -1.20 %
S2 63.47 -1.64 %
S3 63.00 -2.37 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 65.01 0.744 %
R1 64.69 0.248 %
Current price 64.53
Support S1 62.45 -3.22%
S2 61.47 -4.74%
S3 60.66 -6.00%

OGS Dividend Payout History


# Declaration Date 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

What is the symbol for ONE Gas Inc Stock and on which exchange is it traded?
The symbol for ONE Gas Inc is OGS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell ONE Gas Inc Stock?
ONE Gas Inc holds several positive signals and has broken the horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy ONE Gas Inc Stock?
ONE Gas Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ONE Gas Inc Stock.

What's the current price of ONE Gas Inc Stock?
As of the end of day on the 2024-03-28, the price of an ONE Gas Inc (OGS) share was $64.53.

What is the 52-week high and low for ONE Gas Inc Stock?
The 52-week high for ONE Gas Inc Stock is $83.89 and the 52-week low is $55.50.

What is the market capitalization of ONE Gas Inc Stock?
As of the 2024-03-28, the market capitalization of ONE Gas Inc is 3.649B.

When is the next earnings date for ONE Gas Inc?
The upcoming earnings date for ONE Gas Inc is May 06, 2024.
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About ONE Gas Inc

ONE Gas ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It provides natural gas distribution services to 2.2 million customers in three states. It serves residential, commercial, and transportation customers. As of December 31, 2021, it operated approximately 4... OGS Profile

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