Taking everything into account, USEG scores 0 out of 10 in our technical rating. USEG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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.
- 93% of all other stocks performed better in the past year than USEG.
- USEG is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 88% are performing better than USEG.
- 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 0.91 - 1.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, USEG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 0.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for USEG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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0.90
When analyzing the support we notice one important area.
- A support zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.01 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.05 to 1.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.38 from a trend line in the weekly 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 | 7.29 | NEGATIVE | USEG has a low relative strength, it was outperformed by 92.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of USEG is above a declining 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) | DOWN | NEGATIVE | The current price of USEG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.8 | 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) | 38.21 | NEUTRAL | The Stochastics value for USEG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.73 | HIGH VOLATILITY | The high ATR as a percentage value for USEG suggests high volalility. |
| Average Directional Index/ADX (14) | 22.64 | NEUTRAL | The ADX value for USEG suggests a possible start of a new trend. |
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U S ENERGY CORP - DELAWARE / USEG FAQ
What is the technical rating for USEG stock?
ChartMill assigns a technical rating of 0 / 10 to USEG.
Can you provide the trend direction for U S ENERGY CORP - DELAWARE?
The current trend direction for U S ENERGY CORP - DELAWARE (USEG) is Bearish.
What is the RSI signal for USEG stock?
U S ENERGY CORP - DELAWARE (USEG) has an RSI value of 49.8019. This indicates that the stock is currently neutral.
Can you provide the short term momentum for U S ENERGY CORP - DELAWARE?
The short term momentum for U S ENERGY CORP - DELAWARE (USEG) is neutral.
What are the support and resistance levels for U S ENERGY CORP - DELAWARE (USEG) stock?
U S ENERGY CORP - DELAWARE (USEG) has a support level at 0.92 and a resistance level at 1.01. Check the full technical report for our detailed analysis of USEG support and resistance levels.