US GOLD CORP (USAU) Stock Technical Analysis
USA - NASDAQ:USAU - US90291C2017 - Common Stock
We assign a technical rating of 8 out of 10 to USAU. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although USAU has an excellent technical rating, it does not offer a high quality setup 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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8.81
When analyzing the support we can see 6 important areas.
- A support zone ranging from 15.27 to 15.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.43 from a trend line in the weekly time frame.
- Support @11.87 from a trend line in the daily time frame.
- Support @10.89 from a trend line in the daily time frame.
- Support @10.26 from a horizontal line in the daily time frame.
- Support @8.90 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.33 to 15.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for USAU is down. |
| ChartMill Relative Strength | 95.66 | POSITIVE | USAU has a high relative strength, it outperformed 95.66% 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) | UP | MIXED | The current price of USAU is below 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) | 41.6 | NEUTRAL | The RSI value for USAU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests USAU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.14 | OVERSOLD | The low Stochastics value suggests USAU may be oversold. |
| Average True Range in percent/ATR (20) | 6.91 | HIGH VOLATILITY | The high ATR as a percentage value for USAU suggests high volalility. |
| Average Directional Index/ADX (14) | 21.37 | NEUTRAL | The ADX value for USAU suggests a possible start of a new trend. |
15.32
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US GOLD CORP / USAU FAQ
Can you provide the ChartMill technical rating for US GOLD CORP?
ChartMill assigns a technical rating of 8 / 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 41.6039. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for US GOLD CORP?
The buy/sell signal for US GOLD CORP (USAU) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for US GOLD CORP?
US GOLD CORP (USAU) has a support level at 15.31 and a resistance level at 15.33. Check the full technical report for our detailed analysis of USAU support and resistance levels.