URANIUM ENERGY CORP. - 1H - Technical analysis published on 01/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 6.84 USD
My targets
7.17 USD (+3.46%)
My analysis
The bullish trend is currently very strong on URANIUM ENERGY CORP.. As long as the price remains above the support at 6.84 USD, you could try to benefit from the boom. The first bullish objective is located at 7.17 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
URANIUM ENERGY CORP. rating 6.93 USD. On the day, this instrument gained +2.52% and was traded between 6.82 USD and 7.08 USD over the period. The price is currently at +1.61% from its lowest and -2.12% from its highest.6.82
7.08
6.93
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by URANIUM ENERGY CORP.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of URANIUM ENERGY CORP. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 6.54 | 6.75 | 6.84 | 6.93 | 7.17 |
| Change (%) | -5.63% | -2.60% | -1.30% | - | +3.46% |
| Change | -0.39 | -0.18 | -0.09 | - | +0.24 |
| Level | Major | Minor | Intermediate | - | Intermediate |
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 | 5.86 | 6.09 | 6.42 | 6.65 | 6.98 | 7.21 | 7.54 |
| Camarilla | 6.61 | 6.66 | 6.71 | 6.76 | 6.81 | 6.86 | 6.91 |
| Woodie | 5.92 | 6.12 | 6.48 | 6.68 | 7.04 | 7.24 | 7.60 |
| Fibonacci | 6.09 | 6.30 | 6.43 | 6.65 | 6.86 | 6.99 | 7.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.78 | 5.98 | 6.19 | 6.39 | 6.60 | 6.80 | 7.01 |
| Camarilla | 6.30 | 6.34 | 6.37 | 6.41 | 6.45 | 6.49 | 6.52 |
| Woodie | 5.80 | 5.98 | 6.21 | 6.39 | 6.62 | 6.80 | 7.03 |
| Fibonacci | 5.98 | 6.13 | 6.23 | 6.39 | 6.54 | 6.64 | 6.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.84 | 5.33 | 5.87 | 6.36 | 6.90 | 7.39 | 7.93 |
| Camarilla | 6.12 | 6.21 | 6.31 | 6.40 | 6.49 | 6.59 | 6.68 |
| Woodie | 4.86 | 5.34 | 5.89 | 6.37 | 6.92 | 7.40 | 7.95 |
| Fibonacci | 5.33 | 5.73 | 5.97 | 6.36 | 6.76 | 7.00 | 7.39 |
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): | 71.67 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 25.28 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 6.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.55 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 6.58 | |
| Zig ZAG (10): | 6.93 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 82.70 | |
| TEMA (21): | 6.93 | |
| Williams %R (14): | -18.88 | |
| Chande Momentum Oscillator (20): | 0.58 | |
| Repulse (5,40,3): | 0.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 14.99 |
| MA7: | 6.54 | |
| MA20: | 6.52 | |
| MA50: | 6.31 | |
| MA100: | 5.64 | |
| MAexp7: | 6.85 | |
| MAexp20: | 6.66 | |
| MAexp50: | 6.55 | |
| MAexp100: | 6.51 | |
| Price / MA7: | +5.96% | |
| Price / MA20: | +6.29% | |
| Price / MA50: | +9.83% | |
| Price / MA100: | +22.87% | |
| Price / MAexp7: | +1.17% | |
| Price / MAexp20: | +4.05% | |
| Price / MAexp50: | +5.80% | |
| Price / MAexp100: | +6.45% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
Don't forget to follow the news on URANIUM ENERGY CORP.. At the time of publication of this analysis, the latest news was as follows:
- Uranium Energy Corp Files Fiscal 2024 Q1 Quarterly Report
- Uranium Energy Corp Featured at COP28 and Endorses Net Zero Nuclear Industry Pledge
- TerraPower and Uranium Energy Corp Announce MOU to Collaborate on Domestic Uranium Fuel Supply for the Natrium Reactor
- Uranium Energy Corp Reports S-K 1300 Initial Assessment and Economic Study for the Alto Paraná Titanium Project
- Thinking about buying stock in Femasys Inc, Bionomics, micromobility.com, Uranium Energy Corp., or Burgerfi International?
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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