NATURAL GAS SERVICES GROUP (NGS) Stock Technical Analysis
NYSE:NGS - New York Stock Exchange, Inc. - US63886Q1094 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to NGS. NGS has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
NGS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 27.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.17, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NGS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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18.27
3 important support areas can be observed.
- Support @23.97 from a horizontal line in the daily time frame.
- Support @18.92 from a trend line in the weekly time frame.
- Support @18.45 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.03 to 28.18. 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 NGS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGS is up. |
| ChartMill Relative Strength | 88.19 | POSITIVE | NGS has a high relative strength, it outperformed 88.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NGS is below 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) | 53.04 | NEUTRAL | The RSI value for NGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests NGS has a negative trend. |
| Stochastics (14,3) | 44.66 | NEUTRAL | The Stochastics value for NGS is a neutral value. |
| Average True Range in percent/ATR (20) | 4 | MEDIUM VOLATILITY | The ATR as a percentage value for NGS suggests some volalility. |
| Average Directional Index/ADX (14) | 31.03 | 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 |
|---|---|---|---|
| 26.43 | 24.83 | 1.59 (6.03%) | 16.57% |
| An entry @26.43. This is a Buy Stop order right above the 10 day moving average. | An exit @24.83. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.59 points, which is 6.03%. | For a 1.00% total portfolio risk, you can invest 16.57% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NGS. Please evaluate whether better entry and exit points can be found.
- 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.
25.68
-0.13 (-0.5%)