UNG United States Natural Gas Forecast, Technical & Fundamental Analysis

Momentum Indicator for UNG turns positive, indicating new upward trend

UNG saw its Momentum Indicator move above the 0 level on December 16, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 79 similar instances where the indicator turned positive. In of the 79 cases, the stock moved higher in the following days. The odds of a move higher are at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for UNG just turned positive on December 11, 2024. Looking at past instances where UNG's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .

UNG moved above its 50-day moving average on December 11, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for UNG crossed bullishly above the 50-day moving average on December 16, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UNG advanced for three days, in of 304 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 195 cases where UNG Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where UNG declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

UNG broke above its upper Bollinger Band on December 19, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.