US GOLDMINING INC (USGO) Stock Technical Analysis
NASDAQ:USGO - Nasdaq - US90291W1080 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to USGO. USGO was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month USGO has a been trading in the 8.64 - 10.78 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, USGO did better than 90% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
USGO is part of the Metals & Mining industry. There are 153 other stocks in this industry, USGO did better than 66% of them.
USGO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so USGO is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, USGO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 8.91, a Stop Loss order could be placed below this zone.
More info and screens
8.14
13.00
2 important support areas can be observed.
- A support zone ranging from 8.81 to 8.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 8.22 to 8.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
7 important resistance areas can be observed.
- A resistance zone ranging from 9.72 to 9.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.16 from a trend line in the daily time frame.
- Resistance @10.48 from a horizontal line in the weekly time frame.
- Resistance @10.96 from a horizontal line in the daily time frame.
- Resistance @11.17 from a trend line in the weekly time frame.
- Resistance @12.25 from a trend line in the daily time frame.
- Resistance @12.87 from a horizontal 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 | 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 | 90.64 | POSITIVE | USGO has a high relative strength, it outperformed 90.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of USGO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of USGO is below a declining 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) | 49.65 | NEUTRAL | The RSI value for USGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests USGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.23 | NEUTRAL | The Stochastics value for USGO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.24 | HIGH VOLATILITY | The high ATR as a percentage value for USGO suggests high volalility. |
| Average Directional Index/ADX (14) | 14.5 | NEGATIVE | The low ADX value for USGO 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)
9.66
-0.17 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.73%
1 Week-1.33%
2 Weeks-8%
1 Month-3.01%
3 Month-6.94%
6 Month-20.3%
12 Month58.88%
2 Year-35.17%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%6.24%
ATR Inc25.39%
Range Today0.44
ADR(20)0.6
ADR(20)%6.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.64
Mansfield0.97
10 Day High10.74
10 Day Low8.64
20 Day High10.78
20 Day Low8.64
52 Week High14.46
52 Week Low5
CS1 End8.91
CR1 Start9.72
Volume & EV
DER(3)-14%
DER(5)-13.83%
Volume11.60K
Volume Incr-15.66%
Vol(5)17.42K
Vol(50)30.21K