US NATURAL GAS FUND LP (UNG) Stock Technical Analysis
NYSEARCA:UNG - NYSE Arca - US9123184098 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to UNG. Recently some decent action could be observed, but in the medium term time frame this is still negative. UNG was also a bad performer in the overall market in the last year.
77% of all other stocks performed better in the past year than UNG.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month UNG has a been trading in the 15.61 - 18.12 range, which is quite wide. It is currently trading near the high of this range.
UNG has an average volume of 6920500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
UNG is currently trading in the middle 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 slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
15.35
21.83
2 important support areas can be observed.
- Support @16.15 from a trend line in the daily time frame.
- A support zone ranging from 15.50 to 15.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @21.61 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 | NEUTRAL | NEUTRAL | The long term trend for UNG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UNG is up. |
| ChartMill Relative Strength | 23.31 | NEGATIVE | UNG has a low relative strength, it was outperformed by 76.69% off all stocks 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) | DOWN | MIXED | The current price of UNG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UNG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.7 | NEUTRAL | The RSI value for UNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests UNG has a positive trend. |
| Stochastics (14,3) | 92.22 | OVERBOUGHT | The high Stochastics value suggests UNG may be overbought. |
| Average True Range in percent/ATR (20) | 3.34 | MEDIUM VOLATILITY | The ATR as a percentage value for UNG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.18 | NEGATIVE | The low ADX value for UNG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
18.08
+0.5 (+2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.84%
1 Week13.35%
2 Weeks6.92%
1 Month6.42%
3 Month-13.24%
6 Month13.93%
12 Month-4.64%
2 Year-39.08%
3 Year-76.22%
5 Year-55.95%
10 Year-66.67%
15 Year-92.71%
Volatility
ATR(14)0.63
ATR(20)%3.34%
ATR Inc-11.65%
Range Today0.29
ADR(20)0.48
ADR(20)%2.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.31
Mansfield0.57
10 Day High18.12
10 Day Low15.7
20 Day High18.12
20 Day Low15.61
52 Week High24.33
52 Week Low12.35
CS1 End16.15
CR1 Start21.61
Volume & EV
DER(3)-0.66%
DER(5)0.5%
Volume6.01M
Volume Incr-10.12%
Vol(5)5.88M
Vol(50)6.92M