Northwest Natural Gas Stock Technical Analysis

Northwest Natural Analyst Consensus

Overlap Analysis View

Forecast Models View

Price Shifting View

Volatility Indicators View

Value Movement View

A focus of Northwest Natural technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Northwest Natural trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Northwest Natural Gas Technical Analysis

Northwest Natural Gas Trend Analysis

Use this graph to draw trend lines for Northwest Natural Gas. You can use it to identify possible trend reversals for Northwest Natural as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Northwest Natural price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Northwest Natural Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Northwest Natural Gas applied against its price change over selected period. The best fit line has a slop of   0.04  , which may imply that the returns on investment in Northwest Natural Gas will continue to fail. It has 122 observation points and a regression sum of squares at 60.75, which is the sum of squared deviations for the predicted Northwest Natural price change compared to its average price change.

Most technical analysis of Northwest help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Northwest from various momentum indicators to cycle indicators. When you analyze Northwest charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Northwest Natural Gas. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in housing. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

Is Gas Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Northwest Natural. If investors know Northwest will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Northwest Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

The market value of Northwest Natural Gas is measured differently than its book value, which is the value of Northwest that is recorded on the company's balance sheet. Investors also form their own opinion of Northwest Natural's value that differs from its market value or its book value, called intrinsic value, which is Northwest Natural's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Northwest Natural's market value can be influenced by many factors that don't directly affect Northwest Natural's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Northwest Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Northwest Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Northwest Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.