U.S. Energy Corp. Stock Forecast
Big movements in U.S. Energy Corp. stock price on Monday moving 14.75% between high and low
(Updated on Apr 15, 2024)
The U.S. Energy Corp. stock price gained 6.98% on the last trading day (Monday, 15th Apr 2024), rising from $1.29 to $1.38. During the last trading day the stock fluctuated 14.75% from a day low at $1.22 to a day high of $1.40. The price has risen in 5 of the last 10 days and is up by 20% over the past 2 weeks. Volume fell on the last day by -534 thousand shares and in total, 490 thousand shares were bought and sold for approximately $675.89 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $1.36, a level that may pose a second chance to hit a runner. According to fan-theory $1.61 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
USEG Signals & Forecast
The U.S. Energy Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $1.29 and $1.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 12.20%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for U.S. Energy Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.29 and $1.24. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, U.S. Energy Corp. finds support just below today's level at $1.29. If this is broken, then the next support from accumulated volume will be at $1.24 and $1.14.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.180 between high and low, or 14.75%. For the last week the stock has had daily average volatility of 11.62%.
Our recommended stop-loss: $1.34 (-3.10%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (USEG) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect U.S. Energy Corp. to open at $1.33, and during the day (based on 14 day Average True Range), to move between $1.29 and $1.47, which gives a possible trading interval of +/-$0.0872 (+/-6.32%) up or down from last closing price. If U.S. Energy Corp. takes out the full calculated possible swing range there will be an estimated 12.64% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.29, some $0.0900 (6.52%) from the current price of $1.38, our system finds the risk reward attractive.
Is U.S. Energy Corp. stock A Buy?
U.S. Energy Corp. holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.775 Strong Buy Candidate Upgraded
Predicted Opening Price for U.S. Energy Corp. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $1.33 ( 3.38%) | $1.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USEG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.51 | 9.66 % | |
| R2 | 1.44 | 4.68 % | ||
| R1 | 1.40 | 1.60 % | ||
| Current price: | 1.38 | |||
| Support | S1 | 1.26 | -8.36 % | |
| S2 | 1.22 | -11.44 % | ||
| S3 | 1.15 | -16.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.38 | |||
| Support | S1 | 1.29 | -6.52% | |
| S2 | 1.24 | -10.14% | ||
| S3 | 1.14 | -17.39% |
USEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2023 | May 18, 2023 | May 30, 2023 | $0.0230 | 1.63% |
| 2 | Jan 31, 2023 | Feb 09, 2023 | Feb 23, 2023 | $0.0230 | 1.02% |
| 3 | Oct 27, 2022 | Nov 07, 2022 | Nov 22, 2022 | $0.0230 | 0.86% |
| 4 | Jul 18, 2022 | Aug 05, 2022 | Aug 22, 2022 | $0.0230 | 0.608% |
| 5 | Mar 28, 2022 | Apr 13, 2022 | May 02, 2022 | $0.0230 | 0.608% |
FAQ
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