NATURAL GAS SERVICES GROUP (NGS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NGS - US63886Q1094 - Common Stock
Overall NGS gets a technical rating of 9 out of 10. 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.
NGS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 32.94, a Stop Loss order could be placed below this zone.
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18.27
4 important support areas can be observed.
- A support zone ranging from 32.47 to 32.94. 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 29.36. 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.
We found 1 important resistance area.
- A resistance zone ranging from 33.75 to 34.02. 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 | 87.18 | POSITIVE | NGS has a high relative strength, it outperformed 87.18% 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) | 62.91 | NEUTRAL | The RSI value for NGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NGS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.57 | NEUTRAL | The Stochastics value for NGS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for NGS suggests some volalility. |
| Average Directional Index/ADX (14) | 33.83 | 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 |
|---|---|---|---|
| 34.03 | 32.46 | 1.57 (4.61%) | 21.68% |
| An entry @34.03. This is a Buy Stop order right above the resistance zone. | 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 1.57 points, which is 4.61%. | For a 1.00% total portfolio risk, you can invest 21.68% 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.
33.74
+0.39 (+1.17%)
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.
Can you provide the trend direction for NATURAL GAS SERVICES GROUP?
The current trend direction for NATURAL GAS SERVICES GROUP (NGS) is Bullish.
Can you provide the RSI signal for NATURAL GAS SERVICES GROUP?
NATURAL GAS SERVICES GROUP (NGS) has an RSI value of 62.91. This indicates that the stock is currently neutral.
Can you provide the MACD signal for NATURAL GAS SERVICES GROUP?
The MACD indicator for NATURAL GAS SERVICES GROUP (NGS) has a value of -0.0327093, indicating a bearish trend.
What is the buy/sell signal for NGS stock?
The buy/sell signal for NATURAL GAS SERVICES GROUP (NGS) is buy as both the short term and long term trends are positive.