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.
- Both the short term and long term trends are positive. This is a very positive sign.
- NGS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NGS has a been trading in the 31.51 - 35.12 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that NGS is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- NGS is part of the Energy Equipment & Services industry. There are 62 other stocks in this industry, NGS did better than 67% of them.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, NGS 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 support zone below the current price at 33.63, 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 33.54 to 33.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.25 from a trend line in the daily time frame.
- Support @29.69 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 33.84 to 34.90. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 84.93 | POSITIVE | NGS has a high relative strength, it outperformed 84.93% 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) | 52.2 | 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) | 57.42 | NEUTRAL | The Stochastics value for NGS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for NGS suggests some volalility. |
| Average Directional Index/ADX (14) | 21.58 | NEUTRAL | The ADX value for NGS suggests a possible start of a new 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 |
|---|---|---|---|
| 34.91 | 33.53 | 1.38 (3.95%) | 25.00% |
| An entry @34.91. This is a Buy Stop order right above the resistance zone. | An exit @33.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.38 points, which is 3.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- 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.
33.64
-0.56 (-1.64%)
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 52.195. 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 33.63 and a resistance level at 33.84. Check the full technical report for our detailed analysis of NGS support and resistance levels.