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
High volatility in U.S. Energy Corp. stock price on Tuesday which ended trading at $1.17
(Updated on Jul 02, 2024)
The U.S. Energy Corp. stock price gained 14.71% on the last trading day (Tuesday, 2nd Jul 2024), rising from $1.02 to $1.17. During the last trading day the stock fluctuated 14.29% from a day low at $1.05 to a day high of $1.20. The price has been going up and down for this period, and there has been a 14.71% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 260 thousand more shares were traded than the day before. In total, 283 thousand shares were bought and sold for approximately $331.47 thousand.
Given the current short-term trend, the stock is expected to fall -20.04% during the next 3 months and, with a 90% probability hold a price between $0.767 and $0.94 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.05 and $1.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 17.91%. 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). U.S. Energy Corp. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
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 $1.11 and $1.04. 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 $1.11. If this is broken, then the next support from accumulated volume will be at $1.04 and $1.02.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.150 between high and low, or 14.29%. For the last week the stock has had daily average volatility of 5.63%.
Our recommended stop-loss: $1.13 (-3.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (USEG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect U.S. Energy Corp. to open at $1.14, and during the day (based on 14 day Average True Range), to move between $1.12 and $1.22, which gives a possible trading interval of +/-$0.0469 (+/-4.01%) 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 8.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.11 (5.13%) than the resistance at $1.28 (9.40%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for U.S. Energy Corp. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.14 ( 2.56%) | $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 | |
|---|---|---|
| R3 | 1.29 | 10.26% |
| R2 | 1.23 | 5.36% |
| R1 | 1.20 | 2.33% |
| Price | 1.17 | |
| S1 | 1.08 | -7.46% |
| S2 | 1.05 | -10.49% |
| S3 | 0.99 | -15.38% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.38 | 17.95% |
| R2 | 1.29 | 10.26% |
| R1 | 1.28 | 9.40% |
| Price | 1.17 | |
| S1 | 1.11 | -5.13% |
| S2 | 1.04 | -11.11% |
| S3 | 1.02 | -12.82% |
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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