WT NATURAL GAS (NGAS.MI) Stock Technical Analysis
BIT:NGAS - Euronext Milan - JE00BN7KB334 - ETF - Currency: EUR
Taking everything into account, NGAS scores 0 out of 10 in our technical rating. NGAS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NGAS is a bad performer in the overall market: 92% of all stocks are doing better.
In the last month NGAS has a been trading in the 7.09 - 8.67 range, which is quite wide. It is currently trading near the lows of this range.
NGAS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NGAS is lagging the market.
Although the technical rating is bad, NGAS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 7.06, a Stop Loss order could be placed below this zone.
More info and screens
6.94
10.09
When analyzing the support we notice one important area.
- A support zone ranging from 7.01 to 7.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.40 to 7.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 7.63 to 7.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.99 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for NGAS.MI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NGAS.MI is down. |
| ChartMill Relative Strength | 8.49 | NEGATIVE | NGAS.MI has a low relative strength, it was outperformed by 91.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NGAS.MI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NGAS.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of NGAS.MI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.87 | NEUTRAL | The RSI value for NGAS.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NGAS.MI has a negative trend. |
| Stochastics (14,3) | 25.18 | NEUTRAL | The Stochastics value for NGAS.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for NGAS.MI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.25 | NEGATIVE | The low ADX value for NGAS.MI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BIT:NGAS (6/11/2025, 7:00:00 PM)
7.194
-0.11 (-1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.47%
1 Week1.04%
2 Weeks-4.02%
1 Month-10.74%
3 Month-25.9%
6 Month7.66%
12 Month-22.74%
2 Year88714.8%
3 Year30512.8%
5 Year65300%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%4.41%
ATR Inc-40.07%
Range Today0.19
ADR(20)0.25
ADR(20)%3.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.49
Mansfield-0.79
10 Day High7.91
10 Day Low7.09
20 Day High8.67
20 Day Low7.09
52 Week High10.87
52 Week Low5.58
CS1 End7.06
CR1 Start7.4
Volume & EV
DER(3)0%
DER(5)0%
Volume17.14K
Volume Incr-39.97%
Vol(5)24.43K
Vol(50)34.31K