US NATURAL GAS FUND LP (UNG) Technical Analysis
NYSEARCA:UNG • US9123184098
Current stock price
UNG Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to UNG. UNG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, UNG is a bad performer in the overall market: 88% of all stocks are doing better.
- UNG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so UNG is lagging the market.
- In the last month UNG has a been trading in the 11.28 - 13.26 range, which is quite wide. It is currently trading near the lows of this range.
- UNG has an average volume of 15963300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
UNG Weekly and Daily overview Charts
UNG Setup Rating and Analysis
The technical rating of UNG is bad and it also does not present a quality setup 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.
More info and screens
UNG Support and Resistance Analysis
10.13
When analyzing the support we notice one important area.
- A support zone ranging from 10.23 to 10.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 12.48 to 12.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.05 from a horizontal line in the daily time frame.
- Resistance @15.70 from a trend line in the weekly time frame.
- Resistance @16.69 from a trend line in the weekly time frame.
UNG Technical Indicator Signal Analysis
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 | 12.33 | NEGATIVE | UNG has a low relative strength, it was outperformed by 87.67% 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) | DOWN | NEGATIVE | The current price of UNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.65 | NEUTRAL | The RSI value for UNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests UNG has a negative trend. |
| Stochastics (14,3) | 6.78 | OVERSOLD | The low Stochastics value suggests UNG may be oversold. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for UNG suggests some volalility. |
| Average Directional Index/ADX (14) | 9.48 | NEGATIVE | The low ADX value for UNG suggests a weak or negative trend. |
UNG Chart- and CandleStick Pattern Analysis
UNG Technicals: Chart, Performance Metrics, Trend & Indicators
11.35
-0.07 (-0.61%)
US NATURAL GAS FUND LP / UNG TA FAQ
What is the ChartMill technical rating of US NATURAL GAS FUND LP (UNG) stock?
ChartMill assigns a technical rating of 0 / 10 to UNG.
What is the trend direction for UNG stock?
The current trend direction for US NATURAL GAS FUND LP (UNG) is Bearish.
Can you provide the RSI signal for US NATURAL GAS FUND LP?
US NATURAL GAS FUND LP (UNG) has an RSI value of 40.6522. This indicates that the stock is currently neutral.
Can you provide the MACD signal for US NATURAL GAS FUND LP?
The MACD indicator for US NATURAL GAS FUND LP (UNG) has a value of -0.0819531, indicating a bearish trend.
Can you provide the buy/sell signal for US NATURAL GAS FUND LP?
The buy/sell signal for US NATURAL GAS FUND LP (UNG) is sell as both the short term and long term trends are negative.