Natural Gas Price Forecast: Bull Breakouts Signal Strong Uptrend
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Natural Gas Price Movement: Natural gas saw a significant uptrend, confirming a bull pennant breakout and triggering a trendline break.
- Market Momentum: The market is trading near the day's highs, potentially reaching higher levels before the weekend.
- Uptrend Strength: The breakout indicates an improving and sustainable uptrend in natural gas, with potential to break the 2023 peak.
- Price Targets: The initial target from the bull pennant breakout is 3.78, above the 2023 high, with resistance levels at 2.99, 3.02, and 3.39.
- Economic Events: The article also mentions checking the economic calendar for more information on today's events.
Analyst Views on DIG
Wall Street analysts forecast DIG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DIG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 42.580
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Current: 42.580
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
