Exchange Traded Funds (ETFs)
Technical Analysis - UNG (Natural Gas)
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The United States Natural Gas (UNG) Exchange traded Fund from the United States Commodity Funds LLC funds family seeks to reflect the performance of natural gas, net expenses. The UNG fund is invested in natural gas futures contracts of the nearest expiration.
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UNG - U.S. Natural Gas
| Time (ET) | Last | Change | Open | High | Low | Volume |
| Friday, May 17, 2013 16:00 | 21.87 | 0.57 (2.68%) | 21.27 | 22.13 | 21.26 | 10,499K |
UNG Technical Analysis
Price Based Technical Analysis
UNG - U.S. Natural Gas Moving Averages Analysis
| Indicator | Last | Change | Sentiment* |
| 5-day Moving Average | 21.61 | 0.13 (0.62%) | Bullish |
| 10-day Moving Average | 21.52 | 0.01 (0.05%) | Bullish |
| 20-day Moving Average | 22.21 | -0.07 (-0.31%) | Bearish |
| 50-day Moving Average | 21.97 | 0.04 (0.17%) | Bearish |
| 130-day Moving Average | 20.49 | 0.01 (0.05%) | Bullish |
| 260-day Moving Average | 20.02 | 0.02 (0.11%) | Bullish |
* In technical analysis, a
Moving Average
is considered to be bullish when it moves below the price trend. Conversely,
a Moving Average is considered to be Bearish when it moves above the price trend.
UNG - U.S. Natural Gas MACD(12,26) Analysis
| Indicator | Last | Change | Sentiment* |
| MA(12): Fast MA | 21.59 | -0.00 (-0.01%) | MACD sentiment is Bearish , although MACD Histogram moves up, it may indicate the possibility of coming changes in MACD sentiment |
| MA(26): Slow MA | 22.44 | -0.05 (-0.21%) | |
| MACD (12,26) | -0.85 | 0.04 (-5.00%) | |
| MACD Signal: MA(9) applied to MACD | -0.40 | -0.12 (41.42%) | |
| MACD Histogram | -0.45 | 0.16 (-26.29%) |
* In technical analysis, the
MACD is
considered to be bullish when it moves above the Signals Line. Conversely,
the MACD is considered to be Bearish when it moves below the Signal Line.
UNG - U.S. Natural Gas Stochastics Analysis
| Indicator | Raw Stochastics | Stochastics %K | Stochastics %D | Sentiment* |
| 9-day Stochastics | 77.78 | 68.92 | 55.66 | Bullish |
| 14-day Stochastics | 29.93 | 25.11 | 23.28 | Bearish, yet close to become Bullish |
| 20-day Stochastics | 29.93 | 24.76 | 22.76 | Bearish, yet close to become Bullish |
* In technical analysis,
Stochastics
is considered to be bullish when it moves above 80%. Conversely, Stochastics
is considered to be Bearish when it moves below 20%.
UNG - U.S. Natural Gas RSI (Relative Strength Index) Analysis
| Indicator | Average Gain | Average Loss | Relative Strength (RS) | Relative Strength Index (RSI) | Sentiment* |
| 9-day Strength | 0.18 | 0.17 | 1.07 | 51.76 | Bullish |
| 14-day Strength | 0.12 | 0.25 | 0.48 | 32.42 | Bearish |
| 20-day Strength | 0.14 | 0.24 | 0.56 | 35.86 | Bearish, yet close to become Bullish |
* In technical analysis,
RSI is
considered to be bullish when it moves above 70%. Conversely, it is
considered to be Bearish when it moves below 30%.
Volume Based Technical Analysis
UNG - U.S. Natural Gas VO, PVO and MVO (Volume Oscillators) Analysis
The indicators below (VO,
PVO and MVO) are based on the daily volume quotes it is recommended
consulting them after the market closes when a daily volume bar is
completed.
| Indicator | VO* | PVO* | MVO* | Sentiment** |
| 9-day Volume Oscillator | 2.31 | 131.44 | 45.88 | Extremely Bullish Volume |
| 14-day Volume Oscillator | 2.00 | 100.07 | -47.82 | Extremely Bearish Volume |
| 20-day Volume Oscillator | 1.88 | 88.13 | -42.62 | Extremely Bearish Volume |
* VO
stands for Volume Oscillator, which is calculated as the difference between fast and slow moving averages.
PVO is a percentage representation of the Volume Oscillator.
MVO defines the strength of volume surges if they are discovered during the price move.
** Volume surges are leading indicators. As a rule, strong volume surges during the price decline (bearish volume surges) indicate heavy panic selling and may lead to an oversold condition and reversal upward. Conversely, a high volume during the price advance (bullish volume surge) indicates heavy greedy buying, which may lead to an overbought condition and a reversal downward..
PVO is a percentage representation of the Volume Oscillator.
MVO defines the strength of volume surges if they are discovered during the price move.
** Volume surges are leading indicators. As a rule, strong volume surges during the price decline (bearish volume surges) indicate heavy panic selling and may lead to an oversold condition and reversal upward. Conversely, a high volume during the price advance (bullish volume surge) indicates heavy greedy buying, which may lead to an overbought condition and a reversal downward..
UNG - U.S. Natural Gas MFI (Money Flow Index) Analysis
| Indicator | Positive Money | Negative Money | Money Ratio (MR) | Money Flow Index Index (MFI) | Sentiment* |
| 9-day Strength | 399 M | 480 M | 0.83 | 45.42 | Bearish, yet close to become Bullish |
| 14-day Strength | 508 M | 1,104 M | 0.46 | 31.52 | Bearish |
| 20-day Strength | 685 M | 1,808 M | 0.38 | 27.47 | Strongly Bearish |
* In technical analysis, Money Flow is analyzed in the same way as RSI. The Money Flow Index (MFI) is considered to be bullish when it moves above 70%. Conversely, MFI is considered to be Bearish when it moves below 30%.
Volatility Analysis
UNG - U.S. Natural Gas True Range (TR), Average True Range (ATR) and ATR in percent
| Period | TR | ATR* | ATR% | Sentiment** |
| 9-day Period | 0.87 | 0.67 | 3.14 % | Extremely High Volatility |
| 14-day Period | 0.87 | 0.68 | 3.19 % | Extremely High Volatility |
| 20-day Period | 0.87 | 0.69 | 3.23 % | Extremely High Volatility |
* As a rule, high volatility indicates a Bearish
sentiment and is a characteristic of a down-trend. In contrast, low
volatility indicates a Bullish sentiment and usually can be seen during
up-trends.
UNG - U.S. Natural Gas Standard Deviation (Historical Volatility)
| Indicator | Standard Deviation | Relative Deviation | Annualized Volatility | Sentiment* |
| 9-day Period | 0.28 | 1.31 % | 20.72 | Medium Volatility |
| 14-day Period | 0.69 | 3.18 % | 50.47 | Extremely High Volatility |
| 20-day Period | 0.82 | 3.68 % | 58.48 | Extremely High Volatility |
* Standard Deviation, also
called Historical Volatility, is a measurement of the security's volatility
over a specified period of time. The same as Average True Range, it helps to
define periods of high low volatility.
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