U S ENERGY CORP - DELAWARE (USEG) Stock Technical Analysis
NASDAQ:USEG - Nasdaq - US9118053076 - Common Stock - Currency: USD
Taking everything into account, USEG scores 7 out of 10 in our technical rating. Although USEG has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
USEG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month USEG has a been trading in the 1.22 - 2.75 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that USEG is one of the better performing stocks in the market, outperforming 91% of all stocks.
USEG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 93% of 213 stocks in the same industry.
USEG has an average volume of 3794510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Volume is considerably higher in the last couple of days.
Although USEG has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.03
2.20
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.49 to 1.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.11 from a trend line in the weekly time frame.
- Support @1.08 from a trend line in the daily time frame.
- Support @1.04 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.52 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.10 from a trend line in the daily time frame.
- Resistance @2.18 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 | NEUTRAL | NEUTRAL | The long term trend for USEG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for USEG is neutral. |
| ChartMill Relative Strength | 91.43 | POSITIVE | USEG has a high relative strength, it outperformed 91.43% off all stocks 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) | UP | POSITIVE | The current price of USEG is above the rising 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) | 50 | NEUTRAL | The RSI value for USEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests USEG has a negative trend. |
| Stochastics (14,3) | 27.67 | NEUTRAL | The Stochastics value for USEG is a neutral value. |
| Average True Range in percent/ATR (20) | 18.39 | HIGH VOLATILITY | The high ATR as a percentage value for USEG suggests high volalility. |
| Average Directional Index/ADX (14) | 33.06 | 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)
1.51
-0.07 (-4.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-4.43%
1 Week-28.61%
2 Weeks18.9%
1 Month9.42%
3 Month24.79%
6 Month-6.79%
12 Month48.04%
2 Year6.34%
3 Year-56.36%
5 Year-70.85%
10 Year-95.25%
15 Year-99.47%
Volatility
ATR(14)0.36
ATR(20)%18.39%
ATR Inc-2.18%
Range Today0.24
ADR(20)0.23
ADR(20)%15.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.43
Mansfield0.03
10 Day High2.75
10 Day Low1.27
20 Day High2.75
20 Day Low1.22
52 Week High6.4
52 Week Low0.81
CS1 End1.5
CR1 Start1.52
Volume & EV
DER(3)0.95%
DER(5)-0.82%
Volume2.15M
Volume Incr-7.1%
Vol(5)6.99M
Vol(50)3.79M