US GOLD CORP (USAU) Stock Technical Analysis
NASDAQ:USAU - Nasdaq - US90291C2017 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to USAU. Both in the recent history as in the last year, USAU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, USAU did better than 96% of all other stocks. On top of that, USAU also shows a nice and consistent pattern of rising prices.
USAU is one of the better performing stocks in the Metals & Mining industry, it outperforms 84% of 154 stocks in the same industry.
USAU is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so USAU is performing more or less in line with the market.
In the last month USAU has a been trading in the 9.56 - 12.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
USAU has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 10.57, a Stop Loss order could be placed below this zone.
More info and screens
7.34
10.89
When analyzing the support we can see 6 important areas.
- A support zone ranging from 10.52 to 10.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @10.25 from a horizontal line in the daily time frame.
- A support zone ranging from 9.53 to 9.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.90 to 9.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.82 from a horizontal line in the daily time frame.
- Support @7.41 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for USAU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for USAU is up. |
| ChartMill Relative Strength | 96.1 | POSITIVE | USAU has a high relative strength, it outperformed 96.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of USAU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USAU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of USAU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.83 | NEUTRAL | The RSI value for USAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests USAU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.81 | NEUTRAL | The Stochastics value for USAU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.93 | HIGH VOLATILITY | The high ATR as a percentage value for USAU suggests high volalility. |
| Average Directional Index/ADX (14) | 22.63 | NEUTRAL | The ADX value for USAU suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.56 | 10.51 | 1.05 (9.08%) | 11.01% |
| An entry @11.56. This is a Buy Stop order right above the 10 day high. | An exit @10.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.05 points, which is 9.08%. | When investing 11.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.78
+0.34 (+3.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg3.26%
1 Week5.07%
2 Weeks-9.94%
1 Month11.83%
3 Month26.67%
6 Month34.58%
12 Month81.48%
2 Year171.54%
3 Year124.58%
5 Year22.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.7
ATR(20)%6.93%
ATR Inc-40.92%
Range Today0.44
ADR(20)0.7
ADR(20)%6.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.1
Mansfield4.67
10 Day High11.55
10 Day Low9.75
20 Day High12
20 Day Low9.56
52 Week High12
52 Week Low4.71
CS1 End10.57
CR1 StartN/A
Volume & EV
DER(3)-0.4%
DER(5)-1.45%
Volume229.10K
Volume Incr-51.74%
Vol(5)196.60K
Vol(50)378.73K