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.
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
11.16
3 important resistance areas can be observed.
- A resistance zone ranging from 11.79 to 11.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 15.50 to 15.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @16.10 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 | DOWN | NEGATIVE | The short term trend for UNG is down. |
| ChartMill Relative Strength | 12.24 | NEGATIVE | UNG has a low relative strength, it was outperformed by 87.76% 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) | DOWN | NEGATIVE | The current price of UNG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.64 | NEUTRAL | The RSI value for UNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests UNG has a negative trend. |
| Stochastics (14,3) | 16.26 | OVERSOLD | The low Stochastics value suggests UNG may be oversold. |
| Average True Range in percent/ATR (20) | 5.82 | HIGH VOLATILITY | The high ATR as a percentage value for UNG suggests high volalility. |
| Average Directional Index/ADX (14) | 18.07 | NEGATIVE | The low ADX value for UNG suggests a weak or negative trend. |
11.27
-0.51 (-4.33%)
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 37.6412. 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 -0.103296, 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 resistance level at 11.79. Check the full technical report for our detailed analysis of UNG support and resistance levels.