UR ENERGY INC - Daily - Technical analysis published on 03/27/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 1.73 USD
My targets
1.47 USD (-6.96%)
1.24 USD (-21.33%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1.73 USD remains possible. It is advisable to trade UR ENERGY INC with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1.73 USD. The next bearish objective for sellers is set at 1.47 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.24 USD. In case of crossing, the next objective would be the support located at 1.18 USD. PS: if there is a bullish break in the resistance located at 1.73 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
UR ENERGY INC rating 1.58 USD. On the day, this instrument lost -0.63% and was between 1.56 USD and 1.60 USD. This implies that the price is at +1.28% from its lowest and at -1.25% from its highest.1.56
1.60
1.58
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of UR ENERGY INC indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.18 | 1.47 | 1.57 | 1.58 | 1.73 | 1.88 | 2.01 |
| Change (%) | -25.32% | -6.96% | -0.63% | - | +9.49% | +18.99% | +27.22% |
| Change | -0.40 | -0.11 | -0.01 | - | +0.15 | +0.30 | +0.43 |
| Level | Minor | Major | Intermediate | - | Major | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.45 | 1.50 | 1.54 | 1.59 | 1.63 | 1.68 | 1.72 |
| Camarilla | 1.57 | 1.57 | 1.58 | 1.59 | 1.60 | 1.61 | 1.62 |
| Woodie | 1.46 | 1.50 | 1.55 | 1.59 | 1.64 | 1.68 | 1.73 |
| Fibonacci | 1.50 | 1.53 | 1.55 | 1.59 | 1.62 | 1.64 | 1.68 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.30 | 1.38 | 1.48 | 1.56 | 1.66 | 1.74 | 1.84 |
| Camarilla | 1.54 | 1.56 | 1.57 | 1.59 | 1.61 | 1.62 | 1.64 |
| Woodie | 1.32 | 1.39 | 1.50 | 1.57 | 1.68 | 1.75 | 1.86 |
| Fibonacci | 1.38 | 1.45 | 1.49 | 1.56 | 1.63 | 1.67 | 1.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.95 | 1.24 | 1.42 | 1.71 | 1.89 | 2.18 | 2.36 |
| Camarilla | 1.46 | 1.50 | 1.55 | 1.59 | 1.63 | 1.68 | 1.72 |
| Woodie | 0.89 | 1.21 | 1.36 | 1.68 | 1.83 | 2.15 | 2.30 |
| Fibonacci | 1.24 | 1.42 | 1.53 | 1.71 | 1.89 | 2.00 | 2.18 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.28 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 0.43 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 1.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.42 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.71 | |
| Zig ZAG (10): | 1.58 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 66.74 | |
| TEMA (21): | 1.54 | |
| Williams %R (14): | -31.03 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | -0.8000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 2.85 |
| MA7: | 1.57 | |
| MA20: | 1.56 | |
| MA50: | 1.68 | |
| MA100: | 1.63 | |
| MAexp7: | 1.57 | |
| MAexp20: | 1.57 | |
| MAexp50: | 1.61 | |
| MAexp100: | 1.59 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | +1.28% | |
| Price / MA50: | -5.95% | |
| Price / MA100: | -3.07% | |
| Price / MAexp7: | +0.64% | |
| Price / MAexp20: | +0.64% | |
| Price / MAexp50: | -1.86% | |
| Price / MAexp100: | -0.63% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on UR ENERGY INC at the time of the generation of this analysis was as follows:
- Ur-Energy Announces Decision to Build Out Shirley Basin Mine
- Ur-Energy Files Updated S-K 1300 Reports for the Lost Creek ISR Uranium Property and the Shirley Basin ISR Uranium Project
- Ur-Energy Releases 2023 Year End Results and Announces Two New Uranium Sales Agreements
- Ur-Energy Provides 2023 Q4/YE Operations Update
- Ur-Energy to Present January 31, 2024, at The Microcap Conference in Atlantic City
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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