U.S. Gold Corp. Stock Forecast
Volatile ride for U.S. Gold Corp. stock price on Monday moving between $3.83 and $4.27
(Updated on Apr 15, 2024)
The U.S. Gold Corp. stock price fell by -11.06% on the last day (Monday, 15th Apr 2024) from $4.43 to $3.94. During the last trading day the stock fluctuated 11.74% from a day low at $3.83 to a day high of $4.27. The price has risen in 6 of the last 10 days and is up by 0.25% 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 -2 thousand shares and in total, 176 thousand shares were bought and sold for approximately $693.18 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.52% during the next 3 months and, with a 90% probability hold a price between $4.00 and $5.36 at the end of this 3-month period.
USAU Signals & Forecast
The U.S. Gold Corp. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.39. On a fall, the stock will find some support from the long-term average at approximately $3.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, April 09, 2024, and so far it has fallen -16.61%. 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.
Support, Risk & Stop-loss for U.S. Gold Corp. stock
U.S. Gold Corp. finds support from accumulated volume at $3.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.449 between high and low, or 11.74%. For the last week the stock has had daily average volatility of 11.09%.
Our recommended stop-loss: $3.71 (-5.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (USAU) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect U.S. Gold Corp. to open at $4.01, and during the day (based on 14 day Average True Range), to move between $3.62 and $4.26, which gives a possible trading interval of +/-$0.322 (+/-8.18%) up or down from last closing price. If U.S. Gold Corp. takes out the full calculated possible swing range there will be an estimated 16.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.93 (0.25%) than the resistance at $3.99 (1.27%), 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. Gold Corp. stock A Buy?
U.S. Gold 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: -0.309 Hold/Accumulate Downgraded
Predicted Opening Price for U.S. Gold Corp. of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $4.01 ( 1.85%) | $3.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for USAU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.46 | 13.25 % | |
| R2 | 4.29 | 8.90 % | ||
| R1 | 4.18 | 6.21 % | ||
| Current price: | 3.94 | |||
| Support | S1 | 3.84 | -2.50 % | |
| S2 | 3.74 | -5.19 % | ||
| S3 | 3.56 | -9.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.73 | 19.92 % | |
| R2 | 4.43 | 12.44 % | ||
| R1 | 3.99 | 1.27 % | ||
| Current price | 3.94 | |||
| Support | S1 | 3.93 | -0.254% | |
| S2 | 3.89 | -1.27% | ||
| S3 | 3.67 | -6.85% |
USAU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 19, 2008 | Feb 27, 2008 | Mar 14, 2008 | $43.20 | 1.94% |
| 2 | Nov 15, 2007 | Nov 28, 2007 | Dec 14, 2007 | $43.20 | 1.86% |
| 3 | Aug 22, 2007 | Aug 31, 2007 | Sep 19, 2007 | $43.20 | 1.71% |
| 4 | May 30, 2007 | Jun 11, 2007 | Jun 27, 2007 | $43.20 | 1.41% |
| 5 | Feb 22, 2007 | Mar 05, 2007 | Mar 21, 2007 | $43.20 | 1.42% |
FAQ
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