UNL Stock Summary and Trading Ideas (United States 12 Month Natural Gas | ARCA:UNL)

The investment objective of UNL is to have the changes in percentage terms of the units net asset value reflect the changes in percentage terms of the spot price of natural gas delivered at the Henry Hub Louisiana as measured by the changes in the average of the prices of 12 futures contracts on natural gas traded on the New York Mercantile Exchange consisting of the near month contact to expire and the contracts for the following eleven months for a total of 12 consecutive months contracts 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 and the contracts for the following eleven consecutive months less UNLs expenses.

United States 12 Month Natural Gas trades on the ARCA stock market under the symbol UNL.

As of April 19, 2024, UNL stock price climbed to $7.82 with 16,382 million shares trading.

UNL has a beta of 0.17, meaning it tends to be less sensitive to market movements. UNL has a correlation of 0.00 to the broad based SPY ETF.

UNL has a market cap of $17.22 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, UNL stock traded as high as $29.37 and as low as $7.22.

UNL has underperformed the market in the last year with a return of -32.8%, while the SPY ETF gained +21.2%. In the last 3 month period, UNL fell short of the market, returning -13.6%, while SPY returned +4.3%. However, in the most recent 2 weeks UNL has outperformed the stock market by returning +1.3%, while SPY returned -3.5%.

UNL support price is $7.68 and resistance is $7.90 (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 UNL stock will trade within this expected range on the day.