NATURAL GAS SERVICES GROUP (NGS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NGS - US63886Q1094 - Common Stock
We assign a technical rating of 9 out of 10 to NGS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NGS is showing a nice and steady performance.
Besides having an excellent technical rating, NGS also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 33.32, a Stop Loss order could be placed below this zone.
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18.27
When analyzing the support we can see 4 important areas.
- A support zone ranging from 32.47 to 33.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.77 from a horizontal line in the daily time frame.
- A support zone ranging from 29.12 to 29.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.45 from a horizontal 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 | UP | POSITIVE | The long term trend for NGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGS is up. |
| ChartMill Relative Strength | 87.99 | POSITIVE | NGS has a high relative strength, it outperformed 87.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.2 | NEUTRAL | The RSI value for NGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NGS has a positive trend. |
| Stochastics (14,3) | 81.7 | OVERBOUGHT | The high Stochastics value suggests NGS may be overbought. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for NGS suggests some volalility. |
| Average Directional Index/ADX (14) | 31.22 | POSITIVE | The high ADX value value for NGS 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 |
|---|---|---|---|
| 34.58 | 32.46 | 2.12 (6.13%) | 16.31% |
| An entry @34.58. This is a Buy Stop order right above the 10 day high. | An exit @32.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.12 points, which is 6.13%. | For a 1.00% total portfolio risk, you can invest 16.31% 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.
34.39
+0.74 (+2.2%)
NATURAL GAS SERVICES GROUP / NGS FAQ
Can you provide the ChartMill technical rating for NATURAL GAS SERVICES GROUP?
ChartMill assigns a technical rating of 9 / 10 to NGS.
What is the current trend direction of NATURAL GAS SERVICES GROUP (NGS) stock?
The current trend direction for NATURAL GAS SERVICES GROUP (NGS) is Bullish.
What is the RSI signal for NATURAL GAS SERVICES GROUP (NGS) stock?
NATURAL GAS SERVICES GROUP (NGS) has an RSI value of 65.1979. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for NATURAL GAS SERVICES GROUP?
The buy/sell signal for NATURAL GAS SERVICES GROUP (NGS) is buy as both the short term and long term trends are positive.
What is the support and resistance level for NGS stock?
NATURAL GAS SERVICES GROUP (NGS) has a support level at 33.32. Check the full technical report for our detailed analysis of NGS support and resistance levels.