NATIONAL FUEL GAS CO (NFG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:NFG • US6361801011
We assign a technical rating of 7 out of 10 to NFG. NFG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long and short term trends are both positive. This is looking good!
- NFG is one of the better performing stocks in the Gas Utilities industry, it outperforms 76% of 14 stocks in the same industry.
- In the last month NFG has a been trading in the 79.64 - 86.86 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, NFG turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
- NFG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NFG is lagging the market.
Besides having an excellent technical rating, NFG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 85.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 84.37, a Stop Loss order could be placed below this zone.
More info and screens
77.21
2 important support areas can be observed.
- A support zone ranging from 81.97 to 84.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 77.99 to 80.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 85.51 to 86.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 93.72 to 93.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NFG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFG is up. |
| ChartMill Relative Strength | 67.35 | NEUTRAL | NFG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NFG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.51 | NEUTRAL | The RSI value for NFG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests NFG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.84 | NEUTRAL | The Stochastics value for NFG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for NFG suggests some volalility. |
| Average Directional Index/ADX (14) | 28.07 | POSITIVE | The high ADX value value for NFG suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 86.48 | 81.96 | 4.52 (5.23%) | 19.13% |
| An entry @86.48. This is a Buy Stop order right above the resistance zone. | An exit @81.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.52 points, which is 5.23%. | For a 1.00% total portfolio risk, you can invest 19.13% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
85.06
+0.18 (+0.21%)
NATIONAL FUEL GAS CO / NFG FAQ
What is the ChartMill technical rating of NATIONAL FUEL GAS CO (NFG) stock?
ChartMill assigns a technical rating of 7 / 10 to NFG.
What is the trend direction for NFG stock?
The current trend direction for NATIONAL FUEL GAS CO (NFG) is Bullish.
What is the RSI signal for NFG stock?
NATIONAL FUEL GAS CO (NFG) has an RSI value of 62.5083. This indicates that the stock is currently neutral.
Can you provide the short term momentum for NATIONAL FUEL GAS CO?
The short term momentum for NATIONAL FUEL GAS CO (NFG) is positive.
What is the support and resistance level for NFG stock?
NATIONAL FUEL GAS CO (NFG) has a support level at 84.37 and a resistance level at 85.51. Check the full technical report for our detailed analysis of NFG support and resistance levels.