US NATURAL GAS FUND LP (UNG) Stock Technical Analysis
NYSEARCA:UNG • US9123184098
We assign a technical rating of 0 out of 10 to UNG. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, UNG is a bad performer in the overall market: 92% of all stocks are doing better.
- UNG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month UNG has a been trading in the 11.17 - 13.97 range, which is quite wide. It is currently trading near the lows of this range.
- UNG has an average volume of 21440100 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.
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
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.
3 important resistance areas can be observed.
- A resistance zone ranging from 12.01 to 12.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.23 from a trend line in the weekly time frame.
- Resistance @16.75 from a trend line in the daily 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 | DOWN | NEGATIVE | The short term trend for UNG is down. |
| ChartMill Relative Strength | 8.52 | NEGATIVE | UNG has a low relative strength, it was outperformed by 91.48% 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) | 47.15 | NEUTRAL | The RSI value for UNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests UNG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.41 | NEUTRAL | The Stochastics value for UNG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.96 | HIGH VOLATILITY | The high ATR as a percentage value for UNG suggests high volalility. |
| Average Directional Index/ADX (14) | 11.32 | NEGATIVE | The low ADX value for UNG suggests a weak or negative trend. |
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+0.48 (+4.17%)
US NATURAL GAS FUND LP / UNG 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.
What is the RSI signal for UNG stock?
US NATURAL GAS FUND LP (UNG) has an RSI value of 47.1534. 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 -0.0677788, indicating a bearish trend.
What are the support and resistance levels for US NATURAL GAS FUND LP (UNG) stock?
US NATURAL GAS FUND LP (UNG) has a support level at 10.32 and a resistance level at 12.01. Check the full technical report for our detailed analysis of UNG support and resistance levels.