US GOLDMINING INC (USGO) Stock Technical Analysis
USA - NASDAQ:USGO - US90291W1080 - Common Stock
12.535 USD
-0.45 (-3.43%)
12.55 USD
+0.02 (+0.12%)
Taking everything into account, USGO scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, USGO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that USGO is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this relatively good performance is mostly due to a recent big move.
USGO is an average performer in the Metals & Mining industry, it outperforms 49% of 155 stocks in the same industry.
USGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so USGO is lagging the market.
In the last month USGO has a been trading in the 11.35 - 14.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although USGO has an excellent technical rating, it does not present a decent entry opportunity 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
7.35
13.69
When analyzing the support we can see 5 important areas.
- A support zone ranging from 12.52 to 12.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.70 to 10.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @8.17 from a trend line in the weekly time frame.
- Support @8.02 from a trend line in the daily time frame.
- Support @7.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 13.36 to 13.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for USGO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for USGO is neutral. |
| ChartMill Relative Strength | 89.16 | POSITIVE | USGO has a high relative strength, it outperformed 89.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of USGO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USGO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of USGO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.51 | NEUTRAL | The RSI value for USGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests USGO has a negative trend. |
| Stochastics (14,3) | 20.64 | NEUTRAL | The Stochastics value for USGO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.55 | HIGH VOLATILITY | The high ATR as a percentage value for USGO suggests high volalility. |
| Average Directional Index/ADX (14) | 33.19 | POSITIVE | The high ADX value value for USGO 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)
12.535
-0.45 (-3.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.43%
1 Week-13.59%
2 Weeks-12.87%
1 Month2.54%
3 Month51.15%
6 Month20.6%
12 Month20.48%
2 Year153.75%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%7.55%
ATR Inc-14.25%
Range Today0.51
ADR(20)0.91
ADR(20)%7.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.16
Mansfield1.51
10 Day High14.93
10 Day Low12.28
20 Day High14.93
20 Day Low11.35
52 Week High14.93
52 Week Low7.26
CS1 End12.52
CR1 Start13.36
Volume & EV
DER(3)0.07%
DER(5)1.89%
Volume81.40K
Volume Incr-20.6%
Vol(5)115.95K
Vol(50)105.54K