United States Natural Gas Fund, LP Forecast and Stock Analysis
Technical UNG stock analysis for March 19, 2019.
|Shorts||0.70% ( 2013-01-15 )|
United States Natural Gas Fund, LP gained 0.40% in the last trading day, rising from $25.06 to $25.16 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days , but is still down by -1.06% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.17 million more shares were traded than the day before. In total, 1.24 million shares bought and sold for approximately $31.27 million.
Close price at the end of the last trading day (Tuesday, 19th Mar 2019) of the UNG stock was $25.16. This is 0.4% more than the trading day before Monday, 18th Mar 2019.
During day the stock fluctuated 0.72% from a day low at $25.08 to a day high of $25.26.
30 day high of the UNG stock price was $25.47 and low was $23.36.
90 day high was $31.15 and low was $22.73.
52 week high for the United States Natural Gas Fund, LP - $39.87 and low - $21.65.
United States Natural Gas Fund, LP lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.31% during the next 3 months and, with 90% probability hold a price between $18.82 and $24.09 at the end of this period.
Only positive signals in the chart today. United States Natural Gas Fund, LP holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $24.85 and $24.44. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday March 15, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
United States Natural Gas Fund, LP finds support from accumulated volume at $24.73.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.18 (0.72%) between high and low. For the last week, the stock has had a daily average volatility of 0.99%.
Our recommended stoploss: $23.81 (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
Very Low Low Medium High Very High
Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.