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 attempting to stabilize after a volatile period, currently bouncing off the $12.00 area to test overhead moving averages. While the immediate momentum is improving with the RSI rising to near 50, the trend remains structurally bearish as long as price stays below the heavy resistance cluster at $13.20–$14.20. A breakout above the 200-day SMA would be required to confirm a legitimate trend reversal.
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UNG Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is rebounding from recent support and has reclaimed the Bollinger Band basis, but remains capped below the key 50-day SMA resistance.
Long-term Sentiment (weeks to months): Bearish
The stock continues to trade below the declining 200-day SMA, and the broader 12-month trend remains downward despite recent volatility.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:19:35.319Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $12.03 | $11.80 - $12.25 | Weak | Recent consolidation lows and short-term floor. |
| $9.25 | $9.00 - $9.50 | Strong | Significant multi-month swing low and capitulation zone. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $13.70 | $13.20 - $14.20 | Strong | Confluence zone containing the 50-day SMA (13.20) and the 200-day SMA (14.18). |
| $16.70 | $16.40 - $17.00 | Strong | Recent swing high and location of the Upper Bollinger Band. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Weak | Potential Inverse Head and Shoulders | Bullish | $23.00 | A possible long-term reversal pattern with the left shoulder around $11 (Sept), head at $9 (Dec), and right shoulder forming now around $12. |
| Weak | Consolidation Pullback | Neutral | N/A | Price is stabilizing in a range between $12 and $13 after a sharp correction from the $17 high. |
Frequently Asked Questions about UNG
What is the current sentiment for UNG?
The short-term sentiment for UNG is currently Neutral because Price is rebounding from recent support and has reclaimed the Bollinger Band basis, but remains capped below the key 50-day SMA resistance.. 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 $12.03 and $9.25. 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 52/100. 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.