URANIUM ENERGY CORP. - 1H - Technical analysis published on 01/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 7.29 USD
My targets
8.29 USD (+3.75%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on URANIUM ENERGY CORP. as long as the price remains well above 7.29 USD. The buyers' bullish objective is set at 8.29 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The URANIUM ENERGY CORP. price is 7.99 USD. On the day, this instrument lost -0.13% and was traded between 7.66 USD and 8.07 USD over the period. The price is currently at +4.31% from its lowest and -0.99% from its highest.7.66
8.07
7.99
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
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
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on URANIUM ENERGY CORP. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of URANIUM ENERGY CORP. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 6.54 | 6.85 | 7.17 | 7.99 | 8.29 |
Change (%) | -18.15% | -14.27% | -10.26% | - | +3.75% |
Change | -1.45 | -1.14 | -0.82 | - | +0.30 |
Level | Major | Major | Major | - | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.53 | 7.74 | 7.87 | 8.08 | 8.21 | 8.42 | 8.55 |
Camarilla | 7.91 | 7.94 | 7.97 | 8.00 | 8.03 | 8.06 | 8.09 |
Woodie | 7.49 | 7.72 | 7.83 | 8.06 | 8.17 | 8.40 | 8.51 |
Fibonacci | 7.74 | 7.87 | 7.95 | 8.08 | 8.21 | 8.29 | 8.42 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.22 | 5.75 | 6.76 | 7.29 | 8.30 | 8.83 | 9.84 |
Camarilla | 7.35 | 7.49 | 7.63 | 7.77 | 7.91 | 8.05 | 8.19 |
Woodie | 5.46 | 5.87 | 7.00 | 7.41 | 8.54 | 8.95 | 10.08 |
Fibonacci | 5.75 | 6.34 | 6.70 | 7.29 | 7.88 | 8.24 | 8.83 |
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): | 62.11 | |
MACD (12,26,9): | 0.2100 | |
Directional Movement: | 14.30 | |
AROON (14): | 7.14 | |
DEMA (21): | 8.07 | |
Parabolic SAR (0,02-0,02-0,2): | 8.19 | |
Elder Ray (13): | 0.09 | |
Super Trend (3,10): | 7.55 | |
Zig ZAG (10): | 7.97 | |
VORTEX (21): | 1.1200 | |
Stochastique (14,3,5): | 46.05 | |
TEMA (21): | 8.05 | |
Williams %R (14): | -50.00 | |
Chande Momentum Oscillator (20): | -0.17 | |
Repulse (5,40,3): | 1.6300 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.5200 | |
Courbe Coppock: | 3.58 |
MA7: | 7.25 | |
MA20: | 6.74 | |
MA50: | 6.45 | |
MA100: | 5.79 | |
MAexp7: | 7.92 | |
MAexp20: | 7.75 | |
MAexp50: | 7.34 | |
MAexp100: | 7.02 | |
Price / MA7: | +10.21% | |
Price / MA20: | +18.55% | |
Price / MA50: | +23.88% | |
Price / MA100: | +38.00% | |
Price / MAexp7: | +0.88% | |
Price / MAexp20: | +3.10% | |
Price / MAexp50: | +8.86% | |
Price / MAexp100: | +13.82% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on URANIUM ENERGY CORP. at the time of the generation of this analysis was as follows:
- Uranium Energy Corp Restarting 100% Unhedged Uranium Production in Wyoming
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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