UNG Stock Summary and Trading Ideas (United States Natural Gas | ARCA:UNG)

The investment objective of UNG is for the changes in percentage terms of the units net asset value to reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub Louisiana as measured by the changes in the price of the futures contract on natural gas traded on the New York Mercantile Exchange that is the near month contract to expire except when the near month contract is within two weeks of expiration in which case it will be measured by the futures contract that is the next month contract to expire less UNGs expenses.

United States Natural Gas trades on the ARCA stock market under the symbol UNG.

As of April 19, 2024, UNG stock price climbed to $14.52 with 5,986,024 million shares trading.

UNG has a beta of 0.30, meaning it tends to be less sensitive to market movements. UNG has a correlation of 0.00 to the broad based SPY ETF.

UNG has a market cap of $831.21 million. This is considered a Small Cap stock.

In the last 3 years, UNG stock traded as high as $138.00 and as low as $13.87.

UNG has underperformed the market in the last year with a return of -48.1%, while the SPY ETF gained +21.2%. In the last 3 month period, UNG fell short of the market, returning -30.2%, while SPY returned +3.0%. However, in the most recent 2 weeks UNG has outperformed the stock market by returning -2.4%, while SPY returned -4.5%.

UNG support price is $14.01 and resistance is $14.83 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UNG stock will trade within this expected range on the day.