U.S. Energy Corp. Stock Forecast
U.S. Energy Corp. stock price down 2.50% on Thursday
(Updated on Apr 25, 2024)
The U.S. Energy Corp. stock price fell by -2.50% on the last day (Thursday, 25th Apr 2024) from $1.21 to $1.18. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.22% from a day low at $1.15 to a day high of $1.21. The price has fallen in 7 of the last 10 days and is down by -4.09% for this period. 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 -22 thousand shares and in total, 29 thousand shares were bought and sold for approximately $34.10 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 25.92% during the next 3 months and, with a 90% probability hold a price between $1.42 and $1.79 at the end of this 3-month period.
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USEG Signals & Forecast
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 $1.24. On a fall, the stock will find some support from the long-term average at approximately $1.15. 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. 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 Monday, April 15, 2024, and so far it has fallen -14.51%. 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). 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 $1.14 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0600 between high and low, or 5.22%. For the last week the stock has had daily average volatility of 5.09%.
Our recommended stop-loss: $1.11 (-6.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (USEG) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect U.S. Energy Corp. to open at $1.18, and during the day (based on 14 day Average True Range), to move between $1.08 and $1.28, which gives a possible trading interval of +/-$0.0954 (+/-8.09%) 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 16.18% 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 (3.37%) than the resistance at $1.24 (5.11%), 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 short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for U.S. Energy Corp. stock to perform well in the short-term.
Current score: 1.957 Buy Candidate Unchanged
Predicted Opening Price for U.S. Energy Corp. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.18 ( 0.0170%) | $1.18 |
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 | 1.24 | 5.10 % | |
| R2 | 1.22 | 3.16 % | ||
| R1 | 1.20 | 1.96 % | ||
| Current price: | 1.18 | |||
| Support | S1 | 1.16 | -1.93 % | |
| S2 | 1.14 | -3.13 % | ||
| S3 | 1.12 | -5.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.29 | 9.35 % | |
| R2 | 1.28 | 8.50 % | ||
| R1 | 1.24 | 5.11 % | ||
| Current price | 1.18 | |||
| Support | S1 | 1.14 | -3.37% | |
| S2 | 1.03 | -12.69% | ||
| S3 | 1.01 | -14.39% |
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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