Learn to Evaluate (NFG) using the Charts
March 09, 2024, 20:14 pm ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NFG
- Buy NFG slightly over 48.99 target 51.62 stop loss @ 48.85 Details
The technical summary data tells us to buy NFG near 48.99 with an upside target of 51.62. This data also tells us to set a stop loss @ 48.85 to protect against excessive loss in case the stock begins to move against the trade. 48.99 is the first level of support below 50.82 , and by rule, any test of support is a buy signal. In this case, support 48.99 is being tested, a buy signal would exist.
- Short NFG slightly under 51.62, target 48.99, stop loss @ 51.77 Details
The technical summary data is suggesting a short of NFG as it gets near 51.62 with a downside target of 48.99. We should have a stop loss in place at 51.77though. 51.62 is the first level of resistance above 50.82, and by rule, any test of resistance is a short signal. In this case, if resistance 51.62 is being tested, a short signal would exist.
Swing Trading Plans for NFG
- Buy NFG slightly over 51.62, target n/a, Stop Loss @ 51.47 Details
If 51.62 begins to break higher, the technical summary data tells us to buy NFG just slightly over 51.62, with an upside target of n/a. The data also tells us to set a stop loss @ 51.47 in case the stock turns against the trade. 51.62 is the first level of resistance above 50.82, and by rule, any break above resistance is a buy signal. In this case, 51.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NFG slightly near 51.62, target 50.09, Stop Loss @ 51.77. Details
The technical summary data is suggesting a short of NFG if it tests 51.62 with a downside target of 50.09. We should have a stop loss in place at 51.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 51.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for NFG
- Buy NFG slightly over 51.62, target n/a, Stop Loss @ 51.5 Details
If 51.62 begins to break higher, the technical summary data tells us to buy NFG just slightly over 51.62, with an upside target of n/a. The data also tells us to set a stop loss @ 51.5 in case the stock turns against the trade. 51.62 is the first level of resistance above 50.82, and by rule, any break above resistance is a buy signal. In this case, 51.62, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short NFG slightly near 51.62, target 50.82, Stop Loss @ 51.74. Details
The technical summary data is suggesting a short of NFG if it tests 51.62 with a downside target of 50.82. We should have a stop loss in place at 51.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 51.62, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for National Fuel Gas Company (NFG) available here: NFG.
NFG Ratings for March 09:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Neutral |
| P1 |
0 |
0 |
46.33 |
| P2 |
50.82 |
50.09 |
48.99 |
| P3 |
51.56 |
51.49 |
51.62 |
AI Generated Signals for NFG
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The National Fuel Gas Company (NYSE: NFG) report below can help you understand how to do this. The trading plans for NFG, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NFG:
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