Overall UNG gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, UNG is showing a nice and steady performance.
Although UNG has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
11.79
2 important support areas can be observed.
- Support @14.39 from a trend line in the daily time frame.
- A support zone ranging from 11.91 to 11.91. 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 @20.53 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 | UP | POSITIVE | The long term trend for UNG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UNG is up. |
| ChartMill Relative Strength | 87.25 | POSITIVE | UNG has a high relative strength, it outperformed 87.25% 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) | UP | POSITIVE | The current price of UNG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of UNG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.24 | OVERBOUGHT | The high RSI value suggests UNG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests UNG has a positive trend. |
| Stochastics (14,3) | 90.82 | OVERBOUGHT | The high Stochastics value suggests UNG may be overbought. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for UNG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.18 | NEUTRAL | The ADX value for UNG suggests a possible start of a new trend. |
16.37
+0.71 (+4.53%)
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 9 / 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 Bullish.
What is the RSI signal for US NATURAL GAS FUND LP (UNG) stock?
US NATURAL GAS FUND LP (UNG) has an RSI value of 70.2407. This indicates that the stock is currently overbought.
What is the MACD signal for UNG stock?
The MACD indicator for US NATURAL GAS FUND LP (UNG) has a value of 0.129384, indicating a bearish trend.
What is the buy/sell signal for UNG stock?
The buy/sell signal for US NATURAL GAS FUND LP (UNG) is buy as both the short term and long term trends are positive.