Weaker Buy Today OGS ranks #1128 as BUY CANDIDATE. Stronger Buy
Today OGS ranks #1128 as BUY CANDIDATE.

OGS stock ONE Gas Inc

OGS stock
ONE Gas Inc

March 15, 2019
Change 0.14%
Chart period: 2018-12-17 - 2019-03-15
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will OGS stock price go up or down on Tue, 19 Mar 2019?

ONE Gas Inc Forecast and Stock Analysis

Technical OGS stock analysis for March 15, 2019.

Buy candidate since 2019-03-07 Gain 2.23%
Shorts 5.87% ( 2019-02-28 )
Cash n/a
Loans n/a
Beta 0.37
ROA 3.23

ONE Gas Inc gained 0.14% in the last trading day, rising from $88.69 to $88.81 The price has risen in 7 of the last 10 days and is up by 2.42% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 279 440 more shares were traded than the day before. In total, 444 772 shares bought and sold for approximately $39.50 million.

Close price at the end of the last trading day (Friday, 15th Mar 2019) of the OGS stock was $88.81. This is 0.14% more than the trading day before Thursday, 14th Mar 2019.

During day the stock fluctuated 1.23% from a day low at $88.33 to a day high of $89.41.

30 day high of the OGS stock price was $89.48 and low was $79.22.
90 day high was $89.48 and low was $75.51.
52 week high for the ONE Gas Inc - $89.48 and low - $63.45.

Trend

ONE Gas Inc lies in the upper part of a strong rising trend in the short term, and this will 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 $89.60 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 12.79% during the next 3 months and, with 90% probability hold a price between $93.89 and $101.06 at the end of this period.

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Signals

ONE Gas Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $88.30 and $84.78. A break down 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 sales signal was issued from a pivot top point on Wednesday March 13, 2019, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $83.30 and $80.56.

There is 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, ONE Gas Inc finds support just below today's level at $83.30. If this is broken, then the next support from accumulated volume will be at $80.56 and $78.27.

Support: $83.30 Price: $88.81 Resistance: $88.86

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.08 (1.23%) between high and low. For the last week, the stock has had a daily average volatility of 1.14%.

Our recommended stoploss: $85.38 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

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 this stock to perform well in the short-term.

Weaker Buy Today OGS ranks #1128 as BUY CANDIDATE. Stronger Buy
Today OGS ranks #1128 as BUY CANDIDATE.