UNG Daily Technical Analysis
United States Natural Gas Fund
Tracks the price of natural gas futures contracts. Natural gas is used for electricity generation, heating, and industrial production. Prices are highly volatile and sensitive to weather patterns, storage levels, and seasonal demand.
UNG Technical Analysis Summary
UNG is experiencing a robust short-term counter-trend rally, having surged from lows under 10.00 to test the critical 200-day SMA resistance around 14.30. While momentum indicators like MACD and RSI support continued bullish action, the long-term trend remains downward as price is still below the 200-day average. The current candle shows intraday rejection (gap up, close lower than open), suggesting the 14.30 area is a formidable barrier that needs to be cleared to confirm a true trend reversal.
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UNG Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has staged a strong rally from recent lows, breaking above the 50-day SMA and the 20-day SMA. MACD shows strong bullish momentum with rising histogram bars, and RSI is rising in bullish territory (60.64).
Long-term Sentiment (weeks to months): Bearish
The stock remains in a longer-term downtrend, indicated by the downward-sloping 200-day SMA which is currently acting as overhead resistance. The 50-day SMA is below the 200-day SMA (death cross configuration).
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:19:44.994Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $13.20 | $13.10 - $13.30 | Strong | Confluence of the 50-day SMA and recent consolidation area. |
| $11.90 | $11.80 - $12.00 | Weak | Approximate area of the 20-day SMA basis line. |
| $9.75 | $9.50 - $10.00 | Strong | Recent multi-month lows and psychological support. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $14.30 | $14.20 - $14.40 | Strong | Significant resistance zone defined by the 200-day SMA (14.30) and the upper Bollinger Band (14.20). |
| $15.40 | $15.20 - $15.60 | Weak | Swing high from November. |
| $17.00 | $16.80 - $17.20 | Strong | Major swing high area from August/September. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | V-Shaped Recovery | Bullish | $14.30 | A sharp rebound from the lows near 9.68, reclaiming the 50-day moving average quickly. |
| Strong | Testing Major Resistance | Neutral | N/A | Price is approaching the 200-day SMA, a critical long-term trend indicator. Today's candle gapped up but closed lower than the open (red body), suggesting selling pressure at this level. |
Frequently Asked Questions about UNG
What is the current sentiment for UNG?
The short-term sentiment for UNG is currently Bullish because Price has staged a strong rally from recent lows, breaking above the 50-day SMA and the 20-day SMA. MACD shows strong bullish momentum with rising histogram bars, and RSI is rising in bullish territory (60.64).. The long-term trend is classified as Bearish.
What are the key support levels for UNG?
StockDips.AI has identified key support levels for UNG at $13.20 and $11.90. These levels may represent potential accumulation zones where buying interest could emerge.
Is UNG in a significant dip or a Value Dip right now?
UNG has a Value Score of 48/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.