Wednesday May 22, 2019 Change 0.20% Price $88.59
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will OGS stock price go up or down on Thu, 23 May 2019?

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ONE Gas Inc Forecast and Stock Analysis

Technical OGS stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-21 Gain 0.20%
Shorts 6.75% ( 2019-04-15 )
Insider % n/a
Institutional % n/a
Beta 0.24
ROA 3.42%
Price to book USD 2.21
P/E Ratio 26.71
Next Earnings Date 2019-07-29


ONE Gas Inc gained 0.20% in the last trading day ( Wednesday, 22nd May 2019 ), rising from $88.41 to $88.59 During day the stock fluctuated 0.59% from a day low at $88.37 to a day high of $88.89. The price has risen in 6 of the last 10 days and is up by 2.81% 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, 25 847 more shares were traded than the day before. In total, 117 743 shares bought and sold for approximately $10.43 million.

Quick summary:

  • 30 day high of the OGS stock price was $89.65 and low was $85.45.
  • 90 day high was $90.52 and low was $79.22.
  • 52 week high for the ONE Gas Inc - $90.52 and low - $69.20.

Trend

Given the current horizontal trend you can expect ONE Gas Inc with 90% probability to be traded between $86.15 and $90.42 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Click here for today's Top 5 Trending Companies

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 $88.36 and $87.57. 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 Friday May 17, 2019, which indicates further falls until a new bottom pivot has been found.

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A sell signal from a double top formation was found on Friday May 17, 2019 and based on theory for this formation the price should fall by -3.08% to $85.57 within 10 trading days since signal was issued (Monday June 03, 2019).

Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ONE Gas Inc finds support from accumulated volume at $88.52.

Support: $88.52 Price: $88.59 Resistance: $88.69

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 $0.52 (0.59%) between high and low. For the last week, the stock has had a daily average volatility of 1.24%.

Our recommended stoploss: $84.91 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

1.24 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today OGS ranks #1207 as BUY CANDIDATE #1207 Stronger Buy
OGS $88.59 ($0.18 0.20%)
OGS is up $0.18 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for OGS based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will OGS stock price go up or down
on Thu, 23 May 2019?

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