U.S. Energy Corp. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in U.S. Energy Corp. stock price on Friday moving 12.04% between high and low
(Updated on Apr 26, 2024)
The U.S. Energy Corp. stock price fell by -0.82% on the last day (Friday, 26th Apr 2024) from $1.18 to $1.17. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 12.04% from a day low at $1.08 to a day high of $1.21. The price has fallen in 8 of the last 10 days and is down by -9.3% for this period. Volume has increased on the last day by 61 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 90 thousand shares were bought and sold for approximately $105.03 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.13 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 26.49% during the next 3 months and, with a 90% probability hold a price between $1.44 and $1.80 at the end of this 3-month period.
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USEG Signals & Forecast
A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -15.22%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). U.S. Energy Corp. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The U.S. Energy 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 $1.22. On a fall, the stock will find some support from the long-term average at approximately $1.16. 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.
Support, Risk & Stop-loss for U.S. Energy Corp. stock
U.S. Energy Corp. finds support from accumulated volume at $1.14 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.130 between high and low, or 12.04%. For the last week, the stock has had daily average volatility of 6.09%.
Our recommended stop-loss: $1.11 (-5.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (USEG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect U.S. Energy Corp. to open at $1.15, and during the day (based on 14 day Average True Range), to move between $1.07 and $1.27, which gives a possible trading interval of +/-$0.0978 (+/-8.36%) 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 16.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.14 (2.56%) than the resistance at $1.24 (5.98%), 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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.137 Buy Candidate Unchanged
Predicted Opening Price for U.S. Energy Corp. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $1.15 ( 1.42%) | $1.17 |
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 | 1.28 | 9.69 % | |
| R2 | 1.23 | 5.44 % | ||
| R1 | 1.20 | 2.82 % | ||
| Current price: | 1.17 | |||
| Support | S1 | 1.10 | -5.67 % | |
| S2 | 1.07 | -8.29 % | ||
| S3 | 1.02 | -12.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.29 | 10.26 % | |
| R2 | 1.28 | 9.40 % | ||
| R1 | 1.24 | 5.98 % | ||
| Current price | 1.17 | |||
| Support | S1 | 1.14 | -2.56% | |
| S2 | 1.03 | -11.97% | ||
| S3 | 1.01 | -13.68% |
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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