US GOLD CORP (USAU) Stock Technical Analysis
USA - NASDAQ:USAU - US90291C2017 - Common Stock
Taking everything into account, USAU scores 7 out of 10 in our technical rating. In the last year, USAU was one of the better performers, but we do observe some doubts in the very recent evolution.
Although USAU has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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8.93
6 important support areas can be observed.
- A support zone ranging from 14.54 to 14.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.72 from a trend line in the weekly time frame.
- Support @12.22 from a trend line in the daily time frame.
- Support @11.02 from a trend line in the daily time frame.
- Support @10.26 from a horizontal line in the daily time frame.
- Support @9.02 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 15.11 to 15.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.82 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for USAU is neutral. |
| ChartMill Relative Strength | 94.35 | POSITIVE | USAU has a high relative strength, it outperformed 94.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of USAU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of USAU is below a declining 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) | 40.8 | 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. |
| Stochastics (14,3) | 46.4 | NEUTRAL | The Stochastics value for USAU is a neutral value. |
| Average True Range in percent/ATR (20) | 5.09 | HIGH VOLATILITY | The high ATR as a percentage value for USAU suggests high volalility. |
| Average Directional Index/ADX (14) | 17 | NEGATIVE | The low ADX value for USAU suggests a weak or negative trend. |
14.55
-0.93 (-6.01%)
US GOLD CORP / USAU FAQ
Can you provide the ChartMill technical rating for US GOLD CORP?
ChartMill assigns a technical rating of 7 / 10 to USAU.
Can you provide the trend direction for US GOLD CORP?
The current trend direction for US GOLD CORP (USAU) is Bullish.
What is the RSI signal for USAU stock?
US GOLD CORP (USAU) has an RSI value of 40.8035. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for US GOLD CORP?
US GOLD CORP (USAU) has a support level at 14.54 and a resistance level at 15.11. Check the full technical report for our detailed analysis of USAU support and resistance levels.