U S ENERGY CORP - DELAWARE (USEG) Stock Technical Analysis
NASDAQ:USEG - Nasdaq - US9118053076 - Common Stock - Currency: USD
Overall USEG gets a technical rating of 5 out of 10. Although USEG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
USEG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month USEG has a been trading in the 1.30 - 2.75 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that USEG is one of the better performing stocks in the market, outperforming 80% of all stocks.
USEG is part of the Oil, Gas & Consumable Fuels industry. There are 211 other stocks in this industry. USEG outperforms 83% of them.
USEG has an average volume of 3941200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Considerably lower volume is observed in the last couple of days.
USEG has an average technical rating and it also 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.
More info and screens
1.03
2.15
3 important support areas can be observed.
- Support @1.32 from a horizontal line in the daily time frame.
- A support zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.04 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.36 to 1.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.93 from a trend line in the daily time frame.
- A resistance zone ranging from 2.11 to 2.13. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for USEG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for USEG is down. |
| ChartMill Relative Strength | 80.4 | POSITIVE | USEG has a high relative strength, it outperformed 80.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of USEG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of USEG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of USEG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.53 | NEUTRAL | The RSI value for USEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests USEG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.04 | OVERSOLD | The low Stochastics value suggests USEG may be oversold. |
| Average True Range in percent/ATR (20) | 20.91 | HIGH VOLATILITY | The high ATR as a percentage value for USEG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.02 | NEUTRAL | The ADX value for USEG 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)
1.36
-0.01 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.73%
1 Week-0.73%
2 Weeks-13.92%
1 Month-1.45%
3 Month21.43%
6 Month-29.53%
12 Month23.64%
2 Year-15%
3 Year-61.47%
5 Year-77.33%
10 Year-94.6%
15 Year-99.53%
Volatility
ATR(14)0.15
ATR(20)%20.91%
ATR Inc-59.55%
Range Today0.07
ADR(20)0.24
ADR(20)%17.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.4
Mansfield-1.22
10 Day High1.63
10 Day Low1.3
20 Day High2.75
20 Day Low1.3
52 Week High6.4
52 Week Low0.81
CS1 End1.32
CR1 Start1.36
Volume & EV
DER(3)0.67%
DER(5)-0.66%
Volume423.40K
Volume Incr-93.04%
Vol(5)652.00K
Vol(50)3.94M