UNG Weekly 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 remains entrenched in a severe long-term downtrend, characterized by lower highs and lower lows, and is trading well below all major moving averages. Currently, the price is in a prolonged consolidation phase near its lows, attempting to build a base. Until there is a convincing break above the 20-week and 50-week moving averages, accompanied by improved momentum, the structural trend remains overwhelmingly bearish.
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UNG Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is consolidating near multi-year lows and remains firmly below the declining 20-week and 50-week moving averages. While MACD histogram shows a slight positive divergence, RSI remains below 50, indicating continued weakness without clear signs of a reversal.
Long-term Sentiment (weeks to months): Bearish
The chart displays a massive, sustained downtrend from the 2022 peaks. The price is trading significantly below both the 50-week and 200-week simple moving averages, which are both steeply sloping downwards, confirming long-term bearish dominance.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:02:33.983Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $11.50 | $11.00 - $12.00 | Strong | Current consolidation zone and multi-year lows established over the past several months. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $13.25 | $13.00 - $13.50 | Weak | Immediate overhead resistance aligning with the 20-week simple moving average and the middle Bollinger Band. |
| $15.50 | $14.50 - $16.50 | Strong | Major resistance zone encompassing the declining 50-week simple moving average, the upper Bollinger Band, and a previous area of consolidation that broke down. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Weak | Consolidation Base (Attempted) | Neutral | N/A | After a protracted downtrend, the price has been moving sideways in a relatively tight range for several months, attempting to establish a floor. However, there has been no decisive breakout above key moving averages to confirm a reversal. |
Frequently Asked Questions about UNG
What is the current sentiment for UNG?
The short-term sentiment for UNG is currently Bearish because Price is consolidating near multi-year lows and remains firmly below the declining 20-week and 50-week moving averages. While MACD histogram shows a slight positive divergence, RSI remains below 50, indicating continued weakness without clear signs of a reversal.. 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 $11.50. 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 29/100. 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.