I loved that there were some analysts who were suggesting that there might be a dip in velocity and natural gas and natural gas stocks in general. But UGAZ has done what I anticipated it would do.
It's gone up from a low of eight dollars fifteen eight dollars then up to nine dollars for since almost he added almost a dollar today to the stock price, so that has done the opposite of what analysts predicted. I don't know what's going on with DGAZ as I'm not covering it because it doesn't fit my criteria right now of being a dollar stock, but it is proof that this stock can and the stock market, in general, can do the opposite of what some analysts might predict.
I did think it was going to go off because the weather's going to get colder, but there's a report on natural gas that comes out every Thursday. In that, you can use to research as that depicts what the temperatures are going to be for the coming week or two weeks, and based upon that report; the stocks will fluctuate.
Because natural gas is mostly used for utility applications, so that's where the stock price is valid from and why isn't it fluctuates a lot best around these reports of what the temperatures are predicted to be in the near future. So the markets still open, but most of the trading days done; it's almost about to close in about an hour or two.
So most of the trading day is done, and I feel that your gas has a lot of potential this week to go up based on what the how the shareholders take the reports. I don't think all of them are consuming them as yet, but there has been like a lot of negativity around the shares before the report came out.
I think a lot of analysts like tried to make out like it was a buying point in time because the stock was gonna just tank, and to me, it's done the opposite is risen by almost a dollar. I believe its dipping a little now because it's almost market close, so yeah, that is interesting to see how, but look, there's still whether it's going up or whether it's going down there's volatility all the way through the stock.
There's always like five or ten cents on there like day traders couldn't do. I'm talking about day trading again, but I'm not dabbling in it as yet. Although I've been considering it quite a bit, yeah you guys, I feel, is a strong performer. I think the outlook should be cold weather going forward for the coming months, so generally, this stock should rise up a few dollars.
I think based upon the yearly chart I saw again, anything can and will happen, but I think it could go to in the next three months depending on the weather. It could go up as high as about $15 but could also dip as low seven dollars or settle at a flat line which is anywhere in between there.
I can't say all the way there's just too much volatility on this stock to predict what could potentially happen, but a good term to use or a good foundation to use is the weather reports that come out on Thursdays. If the report is showing cold weather ahead, then generally there should be a rise in the stock price although it could do opposite if there's a huge sell-off that rarely happens. The China U.S trade deal had an effect on the stocks as a whole this month anyway.
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