US NATURAL GAS FUND LP (UNG) Stock Technical Analysis
USA - NYSEARCA:UNG - US9123184098 - ETF
Taking everything into account, UNG scores 3 out of 10 in our technical rating. In the past year, UNG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
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
11.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.66 to 12.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.86 to 11.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @13.26 from a horizontal line in the weekly time frame.
- Resistance @13.79 from a horizontal line in the daily time frame.
- Resistance @20.87 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for UNG is neutral. |
| ChartMill Relative Strength | 43.42 | NEUTRAL | UNG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UNG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UNG is above the rising 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) | 56.47 | NEUTRAL | The RSI value for UNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests UNG has a positive trend. |
| Stochastics (14,3) | 69.69 | NEUTRAL | The Stochastics value for UNG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for UNG suggests some volalility. |
| Average Directional Index/ADX (14) | 12.22 | NEGATIVE | The low ADX value for UNG suggests a weak or negative trend. |
13.25
+0.43 (+3.35%)
US NATURAL GAS FUND LP / UNG FAQ
Can you provide the ChartMill technical rating for US NATURAL GAS FUND LP?
ChartMill assigns a technical rating of 3 / 10 to UNG.
What is the current trend direction of US NATURAL GAS FUND LP (UNG) stock?
The current trend direction for US NATURAL GAS FUND LP (UNG) is Bearish.
What is the RSI signal for US NATURAL GAS FUND LP (UNG) stock?
US NATURAL GAS FUND LP (UNG) has an RSI value of 56.4728. This indicates that the stock is currently neutral.
What is the MACD signal for UNG stock?
The MACD indicator for US NATURAL GAS FUND LP (UNG) has a value of 0.0526572, indicating a bearish trend.