Trading Signals: UNG Stock Price Prediction and Forecast

^ UNG: Intraday Forecast Similar Waves Research Timing Gains Losses Strategies Practice

Tue. Nov. 3, 2020

Trading Signals: UNG Stock Price Prediction and Forecast (Fri. Dec. 20, 2013 - Wed. Feb. 24, 2021)

(United States Natural Gas)
UNG latest price $11.6100 (-5.22%) ($11.5300 - $11.7800) on Tue. Nov. 3, 2020.

Trend Analysis and Forecast

Trend Pattern   Downtrend Reversal
Trend Narrative   Uptrend Consolidation
Average Daily Price Swing   $0.38 (3.09% one month average)
Average Daily Percentage Swing   3.53% (three month average)
Weekly Trend Force   -0.5% (StdDev 3.53%)
Daily Moving Force   -2.6%
Rebound Strength   None(0%)
Trend   0.12%
Trend Strength   0.3%
RSI   51
Momentum   0.9
Latest Price   $11.6100(-5.22%)
Forecasted Low Price   11.45(-1.4%)
Forecasted High Price   11.71(0.9%)
Direction of Next Movement   Range(-1.7%)
% Change Needed to Confirm Rebound   11.8% ((12.98))
% Change Needed for Trend Reversal   8.2%
Hourly Trend -3.7% [$11.97(-0.44), $12.2(-0.2)]
Stocks Behave Similarly   Similar Stock List
Complacency   7
Intraday Reversal Probability   N/A.
Daily Trend   UNG declines -1.5% a day on average for past five trading days.
Weekly Trend   UNG advances 0.1% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support UNG decline at-1% a week (68% probability)
UUP(25%)    URA(19%)    XBI(13%)    IWF(9%)    ONLN(9%)
Factors Impacting UNG price   UNG will decline at least -0.2% in a week (22% probabilities).
BWX(-27%)    HYXU(-26%)    JETS(-18%)    FEX(-17%)    EWG(-17%)
Explanation The decline is sustainable and supported by the broad market.
Trading Plan   Not Available

Valuation to SPY -1

Relative Volatility -2.5 (options are extremely cheap)

Market Trend Strength   -1.7% (StdDev 3.53%)
Hourly BBV -0.8 ()
Intraday Trend -1.4%

Next Day Open Price   $11.57(-0.34%)
Resistance Level   $12.31
5 Day Moving Average   $12.32(-5.76%)
10 Day Moving Average   $12.35(-5.99%)
20 Day Moving Average   $12.31(-5.69%)
To recent high   -19.8%
To recent low   4.9%
Market Cap   $N/A

Option Sentiment

$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. UNG price fluctuates within 3.09% (three month std-dev: 3.53% one year average std_dev: 0%) daily (68% of days).
$. UNG price fluctuates within 0% weekly (one year average std_dev: %).

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201203

i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Nov_3_2020	(0.4%)	12.35 (0%)	12.32 (-1.5%)	12.2	11.97(0%)	11.61(-5.22%)	11.53-11.78	-0.1(-1.8)	-0.8	-2.6%	-0.5%	0%	0.12%	0.3%	51	0.9	Downtrend Reversal	Range(-0.5%)	7	-1	-1.6	Uptrend Consolidation	11.79(1.53%)	11.84-11.62	6.74	-19.8%-4.9%
2	Nov_2_2020	12.31 (0.4%)	12.44 (0.2%)	12.51 (-0.1%)	12.4	12.41(0%)	12.25(-3.85%)	12.18-12.39	0.6(-0.2)	-2.4	-0.1%	-0.1%	0%	0.24%	1%	46	0.7	N/A	Range(1.7%)	8	0.8	-2.5	Uptrend	12.29(0.33%)	12.26-12.3	4.01	-15.4%-10.7%
3	Oct_30_2020	12.29 (0.4%)	12.46 (0.2%)	12.52 (1.1%)	12.41	12.42(0%)	12.74(1.51%)	12.34-12.76	0.8(1)	4.4	0.4%	0.5%	0%	0.22%	1.4%	49	0.9	Growing Uptrend	Range(0.9%)	8	2.2	-2.2	Growing Uptrend	12.78(0.31%)	12.66-12.81	2.62	-12%-24.2%
4	Oct_29_2020	12.21 (0.2%)	12.41 (0%)	12.39 (0.2%)	12.36	12.39(0%)	12.55(0.72%)	11.94-12.67	0.6(0.7)	4.1	0.1%	0.3%	0%	0.08%	1.6%	53	1	Growing Uptrend	Range(0.4%)	8	1.9	-2.4	N/A	12.49(-0.5%)	12.36-12.59	3.76	-13.3%-22.3%
5	Oct_28_2020	12.15 (0.2%)	12.4 (0%)	12.36 (-0.2%)	12.36	12.4(0%)	12.46(-0.56%)	12.4-12.59	0.6(0.6)	-3.6	0.2%	0.5%	0%	0.06%	2%	59	1	Growing Uptrend	Range(1%)	7	2.1	-2.4	After Top	12.41(-0.38%)	12.31-12.5	2.62	-14%-21.4%

6	Oct_27_2020	12.1 (0%)	12.33 (0%)	12.39 (0.2%)	12.32	12.34(0%)	12.53(1.87%)	12.08-12.64	0.6(0.8)	3.8	0.2%	0.1%	0%	0.08%	1.9%	61	1	N/A	Range(0.3%)	6	1.5	-0.6	Range Bound	12.47(-0.45%)	12.37-12.56	2.28	-13.5%-23.3%
7	Oct_26_2020	12.1 (-0%)	12.34 (0.2%)	12.36 (-0.3%)	12.41	12.24(0%)	12.3(1.65%)	12.16-12.48	0.5(0.5)	-2.8	-0.4%	-0.3%	0%	0.18%	2.5%	64	1	Downtrend Reversal	Range(-0.7%)	6	0.9	-0.2	N/A	12.23(-0.54%)	12.1-12.34	2.73	-15.1%-21.1%
8	Oct_23_2020	12.04 (0%)	12.38 (0.4%)	12.4 (-0.3%)	12.44	12.31(0%)	12.1(-2.34%)	12.08-12.25	0.6(0.1)	-2	-1.3%	-0.2%	0%	0.32%	2.8%	54	1.1	Downtrend Reversal	Range(-0.3%)	7	-0.4	0.8	Uptrend Consolidation	12.07(-0.22%)	12.05-12.15	2.08	-16.4%-19.1%
9	Oct_22_2020	12.07 (0.2%)	12.41 (0.6%)	12.4 (0%)	12.51	12.31(0%)	12.39(-1.98%)	12.34-12.63	0.7(0.6)	-4	%	0.2%	0%	0.52%	2.9%	65	1.1	Growing Uptrend	Range(1.2%)	8	0.2	0.6	After Top	12.41(0.14%)	12.22-12.56	2.2	-14.4%-25.9%
10	Oct_21_2020	12.09 (0.2%)	12.36 (0.8%)	12.44 (1.4%)	12.49	12.57(0%)	12.64(2.1%)	12.61-12.74	0.7(1)	4.4	1%	0.5%	0%	0.62%	2.3%	65	1.1	Growing Uptrend	Range(1.5%)	7	0.7	0.1	Growing Uptrend	12.76(0.95%)	12.54-12.82	1.98	-12.7%-30.2%

11	Oct_20_2020	12.08 (0.2%)	12.27 (0.8%)	12.27 (-0.3%)	12.42	12.44(0%)	12.38(-0.88%)	12.31-12.64	0.5(0.5)	-4	0.4%	0.6%	0%	0.54%	1.6%	61	1.1	Growing Uptrend	Range(1.4%)	7	0.2	0.2	Uptrend	12.47(0.69%)	12.34-12.52	2.4	-14.5%-28.8%
12	Oct_19_2020	12.04 (0.2%)	12.18 (0.8%)	12.31 (-0.5%)	12.28	12.44(0%)	12.49(1.71%)	12.28-12.55	0.6(0.8)	-5.9	-0.2%	0.4%	0%	0.58%	1.1%	63	1.1	Correction	Range(0.2%)	7	0.5	1.2	Uptrend	12.56(0.59%)	12.4-12.63	2.95	-13.7%-30%
13	Oct_16_2020	12.02 (0.2%)	12.11 (0.8%)	12.37 (-0.2%)	12.34	12.4(0%)	12.28(-0.89%)	12.16-12.63	0.6(0.5)	-2	0.6%	0.7%	0%	0.58%	0.8%	48	1.1	Growing Uptrend	Range(1.7%)	7	-0.1	0.9	Growing Uptrend	12.38(0.85%)	12.25-12.42	3.62	-15.2%-27.8%
14	Oct_15_2020	12 (0.2%)	12 (0.6%)	12.39 (0.9%)	12.48	12.15(0%)	12.39(5.09%)	12.28-12.57	0.7(0.7)	-1	-0.4%	0.8%	0%	0.42%	0%	48	1.1	Uptrend Consolidation	Range(0.4%)	6	0	0.7	Uptrend	12.45(0.5%)	12.33-12.5	3.9	-14.4%-28.9%
15	Oct_14_2020	11.96 (0%)	11.89 (0.2%)	12.28 (0.2%)	12.49	12.29(0%)	11.79(-6.58%)	11.73-12.14	0.6(-0.3)	-0.5	-1.9%	0.1%	0%	0.16%	-0.6%	41	1.1	Uptrend Consolidation	Range(1.5%)	6	-1	0.9	N/A	11.85(0.52%)	11.83-11.87	8.21	-18.6%-22.7%

16	Oct_13_2020	11.96 (-0%)	11.86 (0%)	12.26 (2.1%)	12.43	12.8(0%)	12.62(-1.1%)	12.55-12.94	0.7(1.2)	3.7	1.4%	0.8%	0%	-0%	-1%	49	1.1	N/A	Higher(2.8%)	6	0.2	0.9	Rebound	12.34(-2.22%)	12.65-12.21	3.89	-12.8%-31.3%
17	Oct_12_2020	11.97 (-0.2%)	11.72 (-0.2%)	12.01 (1.5%)	12.2	12.68(0%)	12.76(3.07%)	12.69-13.15	0.3(1.4)	1.9	3.6%	0.4%	0%	-0.26%	-2.1%	59	1.1	Uptrend Reversal	Higher(4%)	5	0.2	1.3	Downtrend	12.67(-0.67%)	12.7-12.61	4.82	-11.9%-32.8%
18	Oct_9_2020	11.94 (-0.4%)	11.67 (-0.4%)	11.83 (2.3%)	11.85	12.05(0%)	12.38(4.38%)	12.24-12.67	-0.2(0.8)	0.7	2.1%	-0%	0%	-0.4%	-2.3%	52	1.1	Uptrend Reversal	Higher(2.1%)	4	-0.1	1.1	Downtrend	12.3(-0.65%)	12.3-12.3	4.56	-14.5%-28.8%
19	Oct_8_2020	11.92 (-0.6%)	11.68 (-0.6%)	11.57 (1.1%)	11.72	11.72(0%)	11.86(1.37%)	11.39-11.9	-0.7(-0.1)	3.1	0.9%	-0.6%	0%	-0.56%	-2.1%	51	1.1	Downtrend Consolidation	Range(0.3%)	4	-0.8	1.1	Downtrend	11.77(-0.76%)	11.73-11.86	5.3	-18.1%-23.4%
20	Oct_7_2020	11.95 (-0.8%)	11.77 (-0.4%)	11.44 (0.5%)	11.59	11.64(0%)	11.7(3.17%)	11.41-12.01	-1(-0.5)	2.3	0.1%	-0.6%	0%	-0.54%	-1.5%	54	1.1	Downtrend Pop	Range(-0.5%)	5	-0.9	0.7	Downtrend	11.62(-0.7%)	11.57-11.74	4.73	-19.2%-21.7%

21	Oct_6_2020	12 (-0.8%)	11.85 (-0.4%)	11.38 (0.1%)	11.46	11.72(0%)	11.34(-4.47%)	11.25-11.85	-1.2(-1.2)	-1.3	0.9%	-0.4%	0%	-0.56%	-1.3%	45	1.2	Confirmed Rebound	Higher(2.7%)	5	-1.2	0.3	Rebound	11.63(2.57%)	11.18-11.82	4.73	-21.7%-18%
22	Oct_5_2020	12.07 (-0.8%)	11.89 (-0.6%)	11.37 (-1.1%)	11.43	11.54(0%)	11.87(7.23%)	11.73-12.24	-1.3(-0.4)	1	1.6%	-0.4%	0%	-0.7%	-1.5%	45	1.1	Confirmed Rebound	Range(1.2%)	5	-0.7	0.5	Downtrend	11.74(-1.07%)	11.68-11.9	6.26	-18%-23.5%
23	Oct_2_2020	12.16 (-0.8%)	11.92 (-0.6%)	11.5 (-2.6%)	11.33	11.19(0%)	11.07(-1.42%)	10.93-11.46	-1.4(-1.6)	-5.2	-1.9%	-0.8%	0%	-0.64%	-2%	40	1.4	Growing Downtrend	Range(-2%)	4	-1.7	0.7	Growing Downtrend	10.96(-1.03%)	10.82-11.24	3.29	-23.5%-15.2%
24	Oct_1_2020	12.28 (-0.8%)	12.01 (-0.4%)	11.81 (-2.7%)	11.64	11.32(0%)	11.23(-1.58%)	10.98-11.42	-1.1(-1.6)	-5.6	-2.1%	-0.5%	0%	-0.46%	-2.2%	45	1.3	Growing Downtrend	Range(-1.8%)	4	-1.9	0.9	Growing Downtrend	11.15(-0.68%)	11.05-11.4	3.34	-22.4%-16.9%
25	Sep_30_2020	12.39 (-0.6%)	12.05 (-0.2%)	12.14 (-1.9%)	12	11.46(0%)	11.41(1.06%)	11.15-11.58	-0.8(-1.5)	-2.5	-3.4%	-0.7%	0%	-0.3%	-2.7%	43	1.3	Growing Downtrend	Lower(-4.1%)	4	-1.7	0.8	Relative Oversold	11.58(1.5%)	11.22-11.87	3.25	-21.2%-18.7%
i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low

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