RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of USEG
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U.S. Energy Corp. stock price took a fall of -7.02% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 3.92% PDF

The U.S. Energy Corp. stock price fell by -7.02% on the last day (Wednesday, 27th Mar 2024) from $1.14 to $1.06. During the last trading day the stock fluctuated 5.89% from a day low at $1.02 to a day high of $1.08. The price has risen in 7 of the last 10 days and is up by 6% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -68 thousand shares and in total, 83 thousand shares were bought and sold for approximately $88.16 thousand.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.05% during the next 3 months and, with a 90% probability hold a price between $0.96 and $1.10 at the end of this 3-month period.

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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 $1.06 and $1.02. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -7.02%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for U.S. Energy Corp. stock

U.S. Energy Corp. finds support from accumulated volume at $1.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0601 between high and low, or 5.89%. For the last week the stock has had daily average volatility of 5.33%.

Our recommended stop-loss: $1.00 (-5.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (USEG) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect U.S. Energy Corp. to open at $1.05, and during the day (based on 14 day Average True Range), to move between $1.02 and $1.10, which gives a possible trading interval of +/-$0.0385 (+/-3.63%) 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 7.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.04 (1.89%) than the resistance at $1.09 (2.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is U.S. Energy Corp. stock A Buy?

U.S. Energy Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.635 Hold/Accumulate Downgraded

Predicted Opening Price for U.S. Energy Corp. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.05 ( 0.626%) $1.06

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 1.11 5.04 %
R2 1.09 2.88 %
R1 1.08 1.54 %
Current price: 1.06
Support S1 1.03 -2.79 %
S2 1.02 -4.13 %
S3 0.99 -6.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.14 7.55 %
R2 1.12 5.66 %
R1 1.09 2.83 %
Current price 1.06
Support S1 1.04 -1.89%
S2 1.03 -2.83%
S3 1.01 -4.72%

USEG Dividend Payout History


# Declaration Date 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

What is the symbol for U.S. Energy Corp. Stock and on which exchange is it traded?
The symbol for U.S. Energy Corp. is USEG and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell U.S. Energy Corp. Stock?
U.S. Energy Corp. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy U.S. Energy Corp. Stock?
U.S. Energy Corp. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy U.S. Energy Corp. Stock.

What's the current price of U.S. Energy Corp. Stock?
As of the end of day on the 2024-03-27, the price of an U.S. Energy Corp. (USEG) share was $1.06.

What is the 52-week high and low for U.S. Energy Corp. Stock?
The 52-week high for U.S. Energy Corp. Stock is $2.69 and the 52-week low is $0.83.

What is the market capitalization of U.S. Energy Corp. Stock?
As of the 2024-03-27, the market capitalization of U.S. Energy Corp. is 27.037M.

When is the next earnings date for U.S. Energy Corp.?
The upcoming earnings date for U.S. Energy Corp. is May 09, 2024.
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About U.S. Energy Corp.

U.S. Energy . U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas. As of December 31, 2021, the company had an estimated proved reserves of 1,344,626 barrel of oil equivalent; oil and natural gas leases co... USEG Profile

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