U S ENERGY CORP - DELAWARE (USEG) Stock Technical Analysis
NASDAQ:USEG - US9118053076 - Common Stock
1.18 USD
-0.03 (-2.48%)
1.1998 USD
+0.02 (+1.68%)
Overall USEG gets a technical rating of 1 out of 10. 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
USEG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
USEG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 76% of 208 stocks in the same industry.
USEG has an average volume of 1520530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, USEG outperforms 67% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
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. There is a resistance zone just above the current price starting at 1.22. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.16, a Stop Loss order could be placed below this zone.
More info and screens
1.03
2.01
We found 2 important support areas.
- A support zone ranging from 1.16 to 1.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.04 to 1.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.22 to 1.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.40 from a trend line in the daily time frame.
- Resistance @1.92 from a trend line in the weekly time frame.
- Resistance @1.99 from a trend 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 | 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 | 67.63 | NEUTRAL | USEG is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of USEG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of USEG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.32 | NEUTRAL | The RSI value for USEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests USEG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.64 | NEUTRAL | The Stochastics value for USEG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.07 | MEDIUM VOLATILITY | The ATR as a percentage value for USEG suggests some volalility. |
| Average Directional Index/ADX (14) | 6.29 | NEGATIVE | The low ADX value for USEG suggests a weak or negative 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)
1.18
-0.03 (-2.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.48%
1 Week-0.84%
2 Weeks0.85%
1 Month-4.84%
3 Month-3.28%
6 Month-28.05%
12 Month25.17%
2 Year-11.28%
3 Year-65.99%
5 Year-78.93%
10 Year-96.83%
15 Year-99.52%
Volatility
ATR(14)0.05
ATR(20)%4.07%
ATR Inc-4.95%
Range Today0.06
ADR(20)0.05
ADR(20)%3.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.63
Mansfield-2.69
10 Day High1.24
10 Day Low1.15
20 Day High1.27
20 Day Low1.13
52 Week High6.4
52 Week Low0.87
CS1 End1.16
CR1 Start1.22
Volume & EV
DER(3)-1.13%
DER(5)-3.55%
Volume271.03K
Volume Incr-37.88%
Vol(5)230.90K
Vol(50)1.52M