National Fuel Gas Company Stock Forecast
National Fuel Gas Company stock price up 0.262% on Monday
(Updated on Apr 22, 2024)
The National Fuel Gas Company stock price gained 0.262% on the last trading day (Monday, 22nd Apr 2024), rising from $53.43 to $53.57. During the last trading day the stock fluctuated 2.04% from a day low at $52.82 to a day high of $53.90. The price has been going up and down for this period, and there has been a 0.32% gain for the last 2 weeks. Volume fell on the last day by -107 thousand shares and in total, 302 thousand shares were bought and sold for approximately $16.19 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 lies in the middle of a narrow and 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 16.58% during the next 3 months and, with a 90% probability hold a price between $60.86 and $63.68 at the end of this 3-month period.
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NFG Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -0.335%. 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). 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 $52.69 and $52.28. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for National Fuel Gas Company stock
On the downside, the stock finds support just below today's level from accumulated volume at $49.61 and $48.78. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, National Fuel Gas Company finds support just below today's level at $49.61. If this is broken, then the next support from accumulated volume will be at $48.78 and $48.00.
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 $1.08 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $51.69 (-3.51%) (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 (NFG) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect National Fuel Gas Company to open at $53.43, and during the day (based on 14 day Average True Range), to move between $52.59 and $54.55, which gives a possible trading interval of +/-$0.98 (+/-1.84%) 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 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.72 (0.28%) than the support at $49.61 (7.39%), 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.
Earnings coming up
National Fuel Gas Company will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.47. We will update the financials statements for National Fuel Gas Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.34% in the first trading day after earnings release.
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: 2.371 Buy Candidate Unchanged
Predicted Opening Price for National Fuel Gas Company of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $53.43 ( 0.261%) | $53.57 |
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 | 54.51 | 1.75 % | |
| R2 | 54.10 | 0.98 % | ||
| R1 | 53.84 | 0.509 % | ||
| Current price: | 53.57 | |||
| Support | S1 | 53.02 | -1.03 % | |
| S2 | 52.76 | -1.51 % | ||
| S3 | 52.35 | -2.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 53.75 | 0.336 % | ||
| R1 | 53.72 | 0.280 % | ||
| Current price | 53.57 | |||
| Support | S1 | 49.61 | -7.39% | |
| S2 | 48.78 | -8.94% | ||
| S3 | 48.00 | -10.40% |
NFG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.495 | 0.94% |
| 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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