U S ENERGY CORP - DELAWARE (USEG) Stock Technical Analysis
NASDAQ:USEG - Nasdaq - US9118053076 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to USEG. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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 1.15 - 1.40 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that USEG is one of the better performing stocks in the market, outperforming 72% of all stocks.
USEG is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. USEG outperforms 76% of them.
USEG has an average volume of 4020560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, USEG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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.
More info and screens
1.03
2.07
When analyzing the support we can see 2 important areas.
- Support @1.14 from a trend line in the weekly time frame.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.33 to 1.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.64 from a trend line in the daily time frame.
- Resistance @2.00 from a trend line in the weekly time frame.
- Resistance @2.05 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 | DOWN | NEGATIVE | The short term trend for USEG is down. |
| ChartMill Relative Strength | 72.79 | POSITIVE | USEG has a high relative strength, it outperformed 72.79% 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) | 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) | 39.73 | NEUTRAL | The RSI value for USEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests USEG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.67 | OVERSOLD | The low Stochastics value suggests USEG may be oversold. |
| Average True Range in percent/ATR (20) | 6.03 | HIGH VOLATILITY | The high ATR as a percentage value for USEG suggests high volalility. |
| Average Directional Index/ADX (14) | 10.19 | 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)
1.16
-0.01 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.85%
1 Week-6.45%
2 Weeks-7.94%
1 Month-12.78%
3 Month2.65%
6 Month-45.54%
12 Month26.5%
2 Year-12.78%
3 Year-66.57%
5 Year-79.29%
10 Year-96.88%
15 Year-99.52%
Volatility
ATR(14)0.07
ATR(20)%6.03%
ATR Inc-39.34%
Range Today0.06
ADR(20)0.07
ADR(20)%5.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.79
Mansfield-2.63
10 Day High1.4
10 Day Low1.15
20 Day High1.4
20 Day Low1.15
52 Week High6.4
52 Week Low0.87
CS1 End1.14
CR1 Start1.33
Volume & EV
DER(3)4.42%
DER(5)-0.82%
Volume359.10K
Volume Incr-44.79%
Vol(5)311.28K
Vol(50)4.02M