UNG Stock United States Natural Gas (UNG, $14.75) price moved above its 50-day Moving Average on November 20, 2024

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UNG - United States Natural Gas

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Odds of UP Trend

Price: $14.75

Daily change: +$0.88 (+6.34%)

Daily volume: 13.8M

Net Assets: $920.8M

UNG's RSI Indicator ascending out of oversold territory

The RSI Indicator for UNG moved out of oversold territory on November 04, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 37 similar instances when the indicator left oversold territory. In of the 37 cases the stock moved higher. This puts the odds of a move higher at .

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 11, 2024. You may want to consider a long position or call options on UNG as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for UNG just turned positive on November 11, 2024. Looking at past instances where UNG's MACD turned positive, the stock continued to rise in of 54 cases over the following month. The odds of a continued upward trend are .

UNG moved above its 50-day moving average on November 20, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where UNG advanced for three days, in of 301 cases, the price rose further within the following month. The odds of a continued upward trend 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.

The 10-day moving average for UNG crossed bearishly below the 50-day moving average on October 17, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 12 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 .

UNG broke above its upper Bollinger Band on November 20, 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.

The Aroon Indicator for UNG entered a downward trend on November 12, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.