United States Natural Gas Fund, LP Forecast and Stock Analysis
Technical UNG stock analysis for Thursday May 23, 2019.
|Shorts||0.70% ( 2013-01-15 )|
|Price to book||n/a|
|Next Earnings Date||n/a|
United States Natural Gas Fund, LP gained 0.91% in the last trading day ( Thursday, 23rd May 2019 ), rising from $21.98 to $22.18 During day the stock fluctuated 1.78% from a day low at $21.86 to a day high of $22.25. The price has risen in 5 of the last 10 days , but is still down by -1.07% for this period. Volume fell in the last day by -824 933 shares, and in total, 988 566 shares bought and sold for approximately $21.93 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the UNG stock price was $23.33 and low was $21.44.
- 90 day high was $25.47 and low was $21.44.
- 52 week high for the United States Natural Gas Fund, LP - $39.87 and low - $21.44.
United States Natural Gas Fund, LP lies in the middle of a 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 -12.99% during the next 3 months and, with 90% probability hold a price between $17.82 and $19.91 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday May 22, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. United States Natural Gas Fund, LP holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $22.58 and $22.62. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
United States Natural Gas Fund, LP finds support from accumulated volume at $22.09.
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 $0.39 (1.78%) between high and low. For the last week, the stock has had a daily average volatility of 1.58%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.58 %Average volatility
Very Low Low Medium High Very High
United States Natural Gas Fund, LP holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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