USG Corporation Stock Forecast

USG Corporation stock price ended at $43.48 on Friday, after losing 0%.
(Updated on Jun 07, 2019)

USG Signals & Forecast

The USG Corporation 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 $37.95 and $42.35. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 06, 2019, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, March 27, 2019 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, January 03, 2019.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for USG Corporation stock

USG Corporation finds support from accumulated volume at $43.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (USG) For The Upcoming Trading Day Of Monday 10th

For the upcoming trading day on Monday, 10th we expect USG Corporation to open at $43.48, and during the day (based on 14 day Average True Range), to move between $39.50 and $47.46, which gives a possible trading interval of +/-$3.98 (+/-9.14%) up or down from last closing price. If USG Corporation takes out the full calculated possible swing range there will be an estimated 18.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $43.47 (0.02%) than the resistance at $43.50 (0.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is USG Corporation stock A Buy?

USG Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.411 Sell Candidate Unchanged

Predicted Opening Price for USG Corporation of Monday, June 10, 2019

The predicted opening price is based on yesterday's movements between high, low, and closing price.