US Energy Corp (USEG)       3.6036  -0.16 (-4.16%)

3.6036  -0.16 (-4.16%)

US9118053076 - Common Stock

Technical Rating

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.



When compared to the yearly performance of all other stocks, USEG outperforms 48% of them, which is more or less in line with the market.
Considerably lower volume is observed in the last couple of days.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
USEG is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 74% of 403 stocks in the same industry do better.
USEG is currently trading near the lower end of its 52 week range, which is not a good sign. But, the S&P500 Index is also trading in the lower part of its yearly range, so USEG is not an exception.
In the last month USEG has a been trading in the 3.40 - 5.28 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months -5.76% -14.93% 14.98% -16.07% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 48.67 2.91 - 13.92
USEG Weekly chart
USEG Daily chart

Support/Resistance Analysis


3.18

5.05
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 3.51 to 3.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @3.21 from a horizontal line in the weekly time frame.
5 important resistance areas can be observed.
  • A resistance zone ranging from 3.73 to 3.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @3.93 from a trend line in the weekly time frame.
  • A resistance zone ranging from 4.07 to 4.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @4.38 from a trend line in the daily time frame.
  • Resistance @5.00 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

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 very little resistance above the current price. There is a support zone below the current price at 3.56, 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.

USEG Daily chart

US Energy Corp3.6036

NASDAQ:USEG (6/28/2022, 1:08:25 PM)-0.16 (-4.16%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Energy
GICS Industry Oil, Gas & Consumable Fuels
Performance
Today -4.16% 1 Week 5.32%
2 Weeks -15.7% 1 Month -5.76%
3 Month -14.93% 6 Month 14.98%
Volatility
ATR(14) 0.39 ATR(20)% 10.28%
ATR Inc -61.47% Range Today 0.26
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 48.67 Mansfield 0.52
10 Day High 4.38 10 Day Low 3.4
20 Day High 5.28 20 Day Low 3.4
52 Week High 13.92 52 Week Low 2.91
CS1 End 3.56 CR1 Start 3.93
Volume & EV
DER(3) 7.63% DER(5) 7.59%
Volume 108.20K Volume Incr -65.01%
Vol(5) 162.76K Vol(50) 418.63K

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