Taking everything into account, USGO scores 0 out of 10 in our technical rating. USGO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
USGO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.24, a Stop Loss order could be placed below this zone.
More info and screens
8.63
We found 2 important support areas.
- A support zone ranging from 9.23 to 9.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.72 to 8.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 9.84 to 9.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.16 from a horizontal line in the weekly time frame.
- Resistance @10.41 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for USGO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for USGO is down. |
| ChartMill Relative Strength | 20.34 | NEGATIVE | USGO has a low relative strength, it was outperformed by 79.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of USGO is below 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) | DOWN | NEGATIVE | The current price of USGO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.27 | NEUTRAL | The RSI value for USGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests USGO has a positive trend. |
| Stochastics (14,3) | 41.92 | NEUTRAL | The Stochastics value for USGO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for USGO suggests high volalility. |
| Average Directional Index/ADX (14) | 9.48 | NEGATIVE | The low ADX value for USGO suggests a weak or negative trend. |
9.3
0 (0%)
US GOLDMINING INC / USGO FAQ
What is the ChartMill technical rating of US GOLDMINING INC (USGO) stock?
ChartMill assigns a technical rating of 0 / 10 to USGO.
What is the trend direction for 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 45.2712. This indicates that the stock is currently neutral.
What is the buy/sell signal for US GOLDMINING INC (USGO) stock?
The buy/sell signal for US GOLDMINING INC (USGO) is sell as both the short term and long term trends are negative.
What is the support and resistance level for USGO stock?
US GOLDMINING INC (USGO) has a support level at 9.24 and a resistance level at 9.84. Check the full technical report for our detailed analysis of USGO support and resistance levels.