U S ENERGY CORP - DELAWARE (USEG) Stock Technical Analysis
NASDAQ:USEG - Nasdaq - US9118053076 - Common Stock - Currency: USD
Taking everything into account, USEG scores 3 out of 10 in our technical rating. USEG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
USEG is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so USEG is lagging the market.
When compared to the yearly performance of all other stocks, USEG outperforms 47% of them, which is more or less in line with the market.
USEG is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, USEG did better than 65% of them.
In the last month USEG has a been trading in the 1.07 - 1.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
USEG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.03
1.39
When analyzing the support we can see 3 important areas.
- Support @1.12 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.07 to 1.09. 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.27 to 1.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.35 to 1.38. 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 | DOWN | NEGATIVE | The long term trend for USEG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for USEG is neutral. |
| ChartMill Relative Strength | 47.36 | NEUTRAL | USEG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of USEG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of USEG is above a declining 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) | 49.4 | NEUTRAL | The RSI value for USEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests USEG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 33.91 | NEUTRAL | The Stochastics value for USEG is a neutral value. |
| Average True Range in percent/ATR (20) | 7.46 | HIGH VOLATILITY | The high ATR as a percentage value for USEG suggests high volalility. |
| Average Directional Index/ADX (14) | 26.54 | POSITIVE | The high ADX value value for USEG suggests a strong 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)
1.23
-0.05 (-3.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-3.91%
1 Week-4.65%
2 Weeks-1.6%
1 Month11.82%
3 Month-17.45%
6 Month-28.49%
12 Month18.27%
2 Year-13.38%
3 Year-64.45%
5 Year-76.25%
10 Year-96.13%
15 Year-99.57%
Volatility
ATR(14)0.09
ATR(20)%7.46%
ATR Inc-14.13%
Range Today0.08
ADR(20)0.09
ADR(20)%7.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.36
Mansfield-1.39
10 Day High1.47
10 Day Low1.19
20 Day High1.47
20 Day Low1.07
52 Week High6.4
52 Week Low0.81
CS1 End1.12
CR1 Start1.27
Volume & EV
DER(3)-5.82%
DER(5)-4.72%
Volume168.20K
Volume Incr-26.57%
Vol(5)201.90K
Vol(50)237.93K