ONE Gas Inc

OGS is in a clear bearish medium- and long-term regime after the decisive support failure below ~79.5, with price extended below its EMAs and rising volume on the breakdown confirming conviction. The RSI sits neutral to slightly bearish, and Extreme OS suggests limited demand. Optimal engagement is to defer entry and sell into any bounce into the 9/20/50 EMA cluster (~79–80) for a lower-risk short against the next support levels around 77.0 and 75.0–76.0.

• ↑Strong earnings growth: Adjusted EPS of $0.82 (+52% YoY) in Q2 2026.
• ↑Texas HB 4384 to add ~$0.42 to adjusted EPS in 2026.
• ↓Weak profitability factors; O&M costs rose 6.6% YoY, squeezing margins.