US GOLDMINING INC (USGO) Technical Analysis
NASDAQ:USGO • US90291W1080
Current stock price
USGO Technical Rating and Analysis
Taking everything into account, USGO scores 8 out of 10 in our technical rating. Although USGO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month USGO has a been trading in the 11.82 - 13.45 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, USGO did better than 75% 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 163 other stocks in this industry, USGO did better than 40% of them.
- 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.
- Considerably lower volume is observed in the last couple of days.
USGO Weekly and Daily overview Charts
USGO Setup Rating and Analysis
Besides having an excellent technical rating, USGO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 13.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.39, a Stop Loss order could be placed below this zone.
More info and screens
USGO Support and Resistance Analysis
9.42
When analyzing the support we can see 5 important areas.
- A support zone ranging from 12.26 to 12.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.62 from a trend line in the weekly time frame.
- Support @11.39 from a trend line in the daily time frame.
- Support @10.86 from a horizontal line in the daily time frame.
- Support @9.52 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 13.24 to 13.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
USGO Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for USGO is up. |
| ChartMill Relative Strength | 75.6 | POSITIVE | USGO has a high relative strength, it outperformed 75.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of USGO is above 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) | 56.39 | NEUTRAL | The RSI value for USGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests USGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.82 | NEUTRAL | The Stochastics value for USGO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.73 | MEDIUM VOLATILITY | The ATR as a percentage value for USGO suggests some volalility. |
| Average Directional Index/ADX (14) | 18.95 | NEGATIVE | The low ADX value for USGO suggests a weak or negative trend. |
USGO Chart- and CandleStick Pattern Analysis
USGO Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.42 | 12.35 | 1.07 (8.01%) | 12.48% |
| An entry @13.42. This is a Buy Stop order right above the resistance zone. | An exit @12.35. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.07 points, which is 8.01%. | When investing 12.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
USGO Technicals: Chart, Performance Metrics, Trend & Indicators
13.23
-0.08 (-0.6%)
US GOLDMINING INC / USGO TA FAQ
What is the ChartMill technical rating of US GOLDMINING INC (USGO) stock?
ChartMill assigns a technical rating of 8 / 10 to USGO.
Can you provide the trend direction for US GOLDMINING INC?
The current trend direction for US GOLDMINING INC (USGO) is Bullish.
What is the RSI signal for USGO stock?
US GOLDMINING INC (USGO) has an RSI value of 56.3919. This indicates that the stock is currently neutral.
What is the short term momentum for USGO stock?
The short term momentum for US GOLDMINING INC (USGO) is positive.
What is the buy/sell signal for US GOLDMINING INC (USGO) stock?
The buy/sell signal for US GOLDMINING INC (USGO) is buy as both the short term and long term trends are positive.