US NATURAL GAS FUND LP (UNG) Stock Technical Analysis
NYSEARCA:UNG - NYSE Arca - US9123184098 - ETF - Currency: USD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, UNG is a bad performer in the overall market: 69% 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 13.96 - 16.62 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
UNG has an average volume of 6783860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
14.15
21.30
When analyzing the support we notice one important area.
- Support @14.29 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 15.82 to 15.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.27 to 16.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.35 from a trend line in the daily time frame.
- Resistance @21.09 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 | 31.33 | NEUTRAL | UNG is not amongst the best or worst performers 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) | 39.09 | NEUTRAL | The RSI value for UNG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests UNG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.61 | NEUTRAL | The Stochastics value for UNG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.59 | MEDIUM VOLATILITY | The ATR as a percentage value for UNG suggests some volalility. |
| Average Directional Index/ADX (14) | 14.76 | 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)
14.47
-0.21 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.43%
1 Week-6.89%
2 Weeks-2.43%
1 Month-14.07%
3 Month-7.83%
6 Month-20.14%
12 Month7.11%
2 Year-49.12%
3 Year-87.36%
5 Year-64.74%
10 Year-72.26%
15 Year-94.53%
Volatility
ATR(14)0.6
ATR(20)%4.59%
ATR Inc29.37%
Range Today0.21
ADR(20)0.47
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.33
Mansfield-1.87
10 Day High16.01
10 Day Low13.97
20 Day High16.62
20 Day Low13.97
52 Week High24.33
52 Week Low12.35
CS1 End14.29
CR1 Start15.82
Volume & EV
DER(3)0.35%
DER(5)1.13%
Volume14.37M
Volume Incr33.25%
Vol(5)8.96M
Vol(50)6.78M