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 has posted a decisive breakout week, surging over 20% to clear the 50-week SMA and the upper Bollinger Band on heavy volume. This move signals a potential exit from the prolonged accumulation base formed throughout 2023 and 2024. Short-term momentum is strongly positive as indicated by the MACD crossing zero and rising RSI, though the long-term trend remains neutral until price can challenge higher structural resistance near $20-$24.
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UNG Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
A massive bullish expansion candle (+20.97%) has closed decisively above the 50-week SMA and the upper Bollinger Band, accompanied by a visible spike in volume and rising RSI.
Long-term Sentiment (weeks to months): Neutral
While the price is attempting a reversal by reclaiming the 50-week SMA, it remains in a long-term bottoming structure well below the declining 200-week SMA.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:42:57.311Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $15.25 | $15.00 - $15.50 | Strong | Confluence of the 50-week SMA (15.38) and the midpoint of the recent breakout candle. |
| $13.25 | $13.00 - $13.50 | Strong | Major structural support floor and location of the 20-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $20.00 | $19.50 - $20.50 | Weak | Recent swing highs from late 2023 consolidation phase. |
| $24.00 | $23.00 - $25.00 | Strong | Significant structural breakdown level from early 2023. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Base Breakout | Bullish | $20.00 | Price is breaking out of a prolonged multi-month consolidation range (approx. $13-$16) with high momentum. |
| Strong | Bollinger Band Breakout | Bullish | N/A | Weekly close significantly above the upper Bollinger Band signals a high-volatility momentum surge. |
Frequently Asked Questions about UNG
What is the current sentiment for UNG?
The short-term sentiment for UNG is currently Bullish because A massive bullish expansion candle (+20.97%) has closed decisively above the 50-week SMA and the upper Bollinger Band, accompanied by a visible spike in volume and rising RSI.. The long-term trend is classified as Neutral.
What are the key support levels for UNG?
StockDips.AI has identified key support levels for UNG at $15.25 and $13.25. 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 44/100. 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.