UNG United States Natural Gas Forecast, Technical & Fundamental Analysis
The investment seeks to reflect the daily changes in percentage terms of the spot 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... Show more
UNG in downward trend: price dove below 50-day moving average on April 04, 2025
UNG moved below its 50-day moving average on April 04, 2025 date and that indicates a change from an upward trend to a downward trend. In of 37 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on April 04, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on UNG as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 10-day moving average for UNG crossed bearishly below the 50-day moving average on April 09, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 .
The Aroon Indicator for UNG entered a downward trend on April 17, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UNG advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .
UNG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
General Information
Category CommoditiesBroadBasket
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UNG and ETFs
Correlation & Price change
A.I.dvisor tells us that UNG and USOI have been poorly correlated (+7% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that UNG and USOI's prices will move in lockstep.
| Ticker / NAME | Correlation To UNG | 1D Price Change % | ||
|---|---|---|---|---|
| UNG | 100% | N/A | ||
| USOI - UNG | 7% Poorly correlated | +1.61% | ||
| GLDM - UNG | 6% Poorly correlated | -0.45% | ||
| PHYS - UNG | 6% Poorly correlated | -0.35% | ||
| GLDI - UNG | 5% Poorly correlated | +0.03% | ||
| SLV - UNG | 3% Poorly correlated | -0.71% | ||
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