USGO Stock Tickeron detected bearish Stock Pattern: Triangle Symmetrical Top USGO on August 06, 2024, netting in a 17.70% gain over 1 week

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USGO - US GoldMining

Ticker: USGO

Company: US GoldMining

Gain from shortening: +17.7%

Confirmed: 08/06/24

Succeeded: 08/09/24

Total length: 8 days

USGO in -4.95% downward trend, declining for three consecutive days on November 15, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where USGO declined for three days, in of 98 cases, the price declined further within the following month. The odds of a continued downward trend are .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Aroon Indicator for USGO entered a downward trend on November 15, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 18 cases where USGO's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on November 18, 2024. You may want to consider a long position or call options on USGO as a result. In of 28 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for USGO just turned positive on November 20, 2024. Looking at past instances where USGO's MACD turned positive, the stock continued to rise in of 15 cases over the following month. The odds of a continued upward trend are .

USGO moved above its 50-day moving average on November 18, 2024 date and that indicates a change from a downward trend to an upward trend.

USGO may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. USGO’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.061) is normal, around the industry mean (7.612). P/E Ratio (0.000) is within average values for comparable stocks, (101.825). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.023). USGO has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.055). P/S Ratio (0.000) is also within normal values, averaging (249.540).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. USGO’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.