TORTOISE MIDSTREAM ENERGY (NTG) Stock Technical Analysis
NYSE:NTG - New York Stock Exchange, Inc. - US89148B2007 - Currency: USD
We assign a technical rating of 7 out of 10 to NTG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month NTG has a been trading in the 51.40 - 59.45 range, which is quite wide. It is currently trading near the lows of this range.
Warning: NTG has an average volume of 11406 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, NTG did better than 89% of all other stocks. On top of that, NTG also shows a nice and consistent pattern of rising prices.
NTG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NTG is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Volume is considerably higher in the last couple of days.
Although NTG has an excellent technical rating, it does not present a decent entry opportunity 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
59.19
We found 3 important support areas.
- 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.
When analyzing the resistance we notice one important 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:NTG (12/20/2024, 8:04:00 PM)
53.36
+1.42 (+2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.74%
1 Week-2.46%
2 Weeks-6.67%
1 Month-7.25%
3 Month12.12%
6 Month31.43%
12 Month55.07%
2 Year54.3%
3 Year75.01%
5 Year-51.31%
10 Year-80.9%
15 Year-81.14%
Volatility
ATR(14)1.39
ATR(20)%2.46%
ATR Inc25.64%
Range Today2.03
ADR(20)1.26
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.88
Mansfield1.39
10 Day High58.25
10 Day Low51.4
20 Day High59.45
20 Day Low51.4
52 Week High59.45
52 Week Low33.56
CS1 End51.93
CR1 Start58.6
Volume & EV
DER(3)-3.06%
DER(5)-3.62%
Volume24.40K
Volume Incr16%
Vol(5)16.20K
Vol(50)11.41K