NYSEARCA:UNG - NYSE Arca - US9123184098 - ETF - Currency: USD
Overall UNG gets a technical rating of 0 out of 10. UNG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
UNG has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
15.35
We found 1 important support area.
When analyzing the resistance we notice 3 important areas.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
Indicator | Value | Signal | Comment |
---|---|---|---|
ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for UNG is down. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for UNG is down. |
ChartMill Relative Strength | 22.24 | NEGATIVE | UNG has a low relative strength, it was outperformed by 77.76% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UNG is below a declining SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of UNG is below a declining SMA(50). |
Simple Moving Average/SMA (200) | UP | MIXED | The current price of UNG is below the rising SMA(200). |
Relative Strength Index/RSI (14) | 41.34 | NEUTRAL | The RSI value for UNG is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests UNG has a negative trend. |
Stochastics (14,3) | 30.48 | NEUTRAL | The Stochastics value for UNG is a neutral value. |
Average True Range in percent/ATR (20) | 5.02 | HIGH VOLATILITY | The high ATR as a percentage value for UNG suggests high volalility. |
Average Directional Index/ADX (14) | 19.96 | NEGATIVE | The low ADX value for UNG suggests a weak or negative trend. |
16.15
-0.92 (-5.39%)