TORTOISE MIDSTREAM ENERGY (NTG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NTG - US89148B2007
We assign a technical rating of 7 out of 10 to NTG. In the last year, NTG was one of the better performers, but we do observe some doubts in the very recent evolution.
Although NTG has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
44.60
3 important support areas can be observed.
- Support @51.93 from a horizontal line in the daily time frame.
- Support @46.74 from a trend line in the daily time frame.
- Support @45.05 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 58.60 to 58.60. 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 NTG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NTG is down. |
| ChartMill Relative Strength | 89.88 | POSITIVE | NTG has a high relative strength, it outperformed 89.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NTG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.52 | NEUTRAL | The RSI value for NTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests NTG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.08 | OVERSOLD | The low Stochastics value suggests NTG may be oversold. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for NTG suggests some volalility. |
| Average Directional Index/ADX (14) | 28.44 | POSITIVE | The high ADX value value for NTG suggests a strong trend. |
NYSE:NTG (12/20/2024, 8:04:00 PM)
53.36
+1.42 (+2.74%)
TORTOISE MIDSTREAM ENERGY / NTG FAQ
What is the technical rating for NTG stock?
ChartMill assigns a technical rating of 7 / 10 to NTG.
Can you provide the trend direction for TORTOISE MIDSTREAM ENERGY?
The current trend direction for TORTOISE MIDSTREAM ENERGY (NTG) is Bullish.
What is the RSI signal for TORTOISE MIDSTREAM ENERGY (NTG) stock?
TORTOISE MIDSTREAM ENERGY (NTG) has an RSI value of 44.5163. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TORTOISE MIDSTREAM ENERGY?
The MACD indicator for TORTOISE MIDSTREAM ENERGY (NTG) has a value of -0.605646, indicating a bearish trend.
What are the support and resistance levels for TORTOISE MIDSTREAM ENERGY (NTG) stock?
TORTOISE MIDSTREAM ENERGY (NTG) has a support level at 51.93 and a resistance level at 58.6. Check the full technical report for our detailed analysis of NTG support and resistance levels.