Overall USGO gets a technical rating of 2 out of 10. USGO 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.
Although the technical rating is bad, USGO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.33, a Stop Loss order could be placed below this zone.
More info and screens
8.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.21 to 9.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 8.99 to 8.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.16 to 10.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.59 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 | NEUTRAL | NEUTRAL | The long term trend for USGO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for USGO is down. |
| ChartMill Relative Strength | 79.68 | POSITIVE | USGO has a high relative strength, it outperformed 79.68% 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) | DOWN | NEGATIVE | The current price of USGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of USGO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.06 | NEUTRAL | The RSI value for USGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests USGO has a positive trend. |
| Stochastics (14,3) | 41.3 | NEUTRAL | The Stochastics value for USGO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for USGO suggests high volalility. |
| Average Directional Index/ADX (14) | 11.31 | NEGATIVE | The low ADX value for USGO suggests a weak or negative trend. |
10.04
+0.64 (+6.81%)
US GOLDMINING INC / USGO FAQ
What is the ChartMill technical rating of US GOLDMINING INC (USGO) stock?
ChartMill assigns a technical rating of 2 / 10 to USGO.
What is the current trend direction of US GOLDMINING INC (USGO) stock?
The current trend direction for US GOLDMINING INC (USGO) is Bearish.
Can you provide the RSI signal for US GOLDMINING INC?
US GOLDMINING INC (USGO) has an RSI value of 49.0551. This indicates that the stock is currently neutral.
Can you provide the MACD signal for US GOLDMINING INC?
The MACD indicator for US GOLDMINING INC (USGO) has a value of 0.0834562, indicating a bearish trend.
Can you provide the short term momentum for US GOLDMINING INC?
The short term momentum for US GOLDMINING INC (USGO) is negative.