Technical Analysis for UNG - United States Natural Gas Fund LP

Grade Last Price % Change Price Change
F 12.48 -1.81% -0.23
UNG closed down 1.81 percent on Friday, November 1, 2024, on 1.21 times normal volume. The bears made the stock sink to a new 52-week low. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
New 52 Week Closing Low Bearish 0.00%
New Downtrend Bearish 0.00%
New 52 Week Low Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish -1.81%
Gapped Down Weakness -1.81%
Oversold Stochastic Weakness -1.81%
Stochastic Reached Oversold Weakness -5.67%
Gapped Down Weakness -5.67%

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Profile

The investment seeks to reflect the daily changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the daily changes in the price of a specified short-term futures contract. The fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Europe and ICE Futures U.S. (together, “ICE Futures”) or other U.S. and foreign exchanges. The Benchmark Futures Contract is the futures contract on natural gas as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration.
Classification

Keywords: Exchange Traded Fund ETF Natural Gas Commodity Markets Futures Exchanges New York Mercantile Exchange Futures Dalian Commodity Exchange Dubai Mercantile Exchange Henry Hub

Is UNG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 27.84
52 Week Low 12.35
Average Volume 6,438,139
200-Day Moving Average 15.90
50-Day Moving Average 14.40
20-Day Moving Average 13.89
10-Day Moving Average 13.45
Average True Range 0.56
RSI (14) 33.33
ADX 25.37
+DI 17.17
-DI 37.64
Chandelier Exit (Long, 3 ATRs) 15.13
Chandelier Exit (Short, 3 ATRs) 14.02
Upper Bollinger Bands 15.56
Lower Bollinger Band 12.21
Percent B (%b) 0.08
BandWidth 24.18
MACD Line -0.52
MACD Signal Line -0.39
MACD Histogram -0.1334
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 13.12
Resistance 3 (R3) 13.15 12.96 13.01
Resistance 2 (R2) 12.96 12.80 12.95 12.98
Resistance 1 (R1) 12.72 12.70 12.63 12.69 12.94
Pivot Point 12.54 12.54 12.49 12.52 12.54
Support 1 (S1) 12.29 12.37 12.20 12.27 12.02
Support 2 (S2) 12.11 12.27 12.09 11.98
Support 3 (S3) 11.87 12.11 11.95
Support 4 (S4) 11.84