ONE Gas Inc Forecast and Stock Analysis
Technical OGS stock analysis for March 15, 2019.
|Shorts||5.87% ( 2019-02-28 )|
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
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.
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.)
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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.