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 Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The ONE Gas Inc stock price gained 2.64% on the last trading day (Wednesday, 27th Mar 2024), rising from $61.83 to $63.46. During the last trading day the stock fluctuated 1.88% from a day low at $62.29 to a day high of $63.46. The price has risen in 7 of the last 10 days and is up by 1.96% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 97 thousand more shares were traded than the day before. In total, 295 thousand shares were bought and sold for approximately $18.70 million.

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. $62.22 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 $66.28 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 $62.62 and $61.19. 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 8.79%. Further rise is indicated until a new top pivot has been found. 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. 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.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.17 (1.88%) between high and low. For the last week, the stock has had daily average volatility of 1.66%.

Our recommended stop-loss: $59.95 (-5.53%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (OGS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect ONE Gas Inc to open at $63.07, and during the day (based on 14 day Average True Range), to move between $62.19 and $64.73, which gives a possible trading interval of +/-$1.27 (+/-2.01%) up or down from last closing price. If ONE Gas Inc takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $63.72 (0.41%) than the support at $62.45 (1.59%), 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?

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for ONE Gas Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.972 Buy Candidate Upgraded

Predicted Opening Price for ONE Gas Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$63.07 ( 0.615%) $63.46

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 64.24 1.23 %
R2 63.79 0.525 %
R1 63.52 0.0897 %
Current price: 63.46
Support S1 62.62 -1.32 %
S2 62.35 -1.75 %
S3 61.90 -2.46 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 65.01 2.44 %
R2 64.69 1.94 %
R1 63.72 0.410 %
Current price 63.46
Support S1 62.45 -1.59%
S2 61.47 -3.14%
S3 60.66 -4.41%

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?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for ONE Gas Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a 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 2024-03-27, the price of an ONE Gas Inc (OGS) share was $63.46.

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 2024-03-27, the market capitalization of ONE Gas Inc is 3.588B.

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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