IVANHOE ELECTRIC INC. - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
17%
22%
My opinion
Bullish above 10.30 USD
My targets
10.68 USD (+1.71%)
11.08 USD (+5.52%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on IVANHOE ELECTRIC INC. as long as the price remains well above 10.30 USD. The buyers' bullish objective is set at 10.68 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.08 USD. If there is any crossing, the next objective would be the resistance located at 11.52 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
5.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The IVANHOE ELECTRIC INC. rating is 10.50 USD. The price has increased by +2.44% since the last closing and was traded between 10.20 USD and 10.55 USD over the period. The price is currently at +2.94% from its lowest and -0.47% from its highest.10.20
10.55
10.50
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this IVANHOE ELECTRIC INC. chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.31 | 10.06 | 10.30 | 10.50 | 10.68 | 11.08 | 11.52 |
| Change (%) | -11.33% | -4.19% | -1.90% | - | +1.71% | +5.52% | +9.71% |
| Change | -1.19 | -0.44 | -0.20 | - | +0.18 | +0.58 | +1.02 |
| Level | Major | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
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 | 9.61 | 9.82 | 10.03 | 10.24 | 10.45 | 10.66 | 10.87 |
| Camarilla | 10.14 | 10.17 | 10.21 | 10.25 | 10.29 | 10.33 | 10.37 |
| Woodie | 9.62 | 9.82 | 10.04 | 10.24 | 10.46 | 10.66 | 10.88 |
| Fibonacci | 9.82 | 9.98 | 10.08 | 10.24 | 10.40 | 10.50 | 10.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.67 | 9.27 | 9.87 | 10.47 | 11.07 | 11.67 | 12.27 |
| Camarilla | 10.13 | 10.24 | 10.35 | 10.46 | 10.57 | 10.68 | 10.79 |
| Woodie | 8.66 | 9.27 | 9.86 | 10.47 | 11.06 | 11.67 | 12.26 |
| Fibonacci | 9.27 | 9.73 | 10.02 | 10.47 | 10.93 | 11.22 | 11.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.52 | 6.42 | 8.11 | 9.01 | 10.70 | 11.60 | 13.29 |
| Camarilla | 9.09 | 9.33 | 9.56 | 9.80 | 10.04 | 10.28 | 10.51 |
| Woodie | 5.92 | 6.62 | 8.51 | 9.21 | 11.10 | 11.80 | 13.69 |
| Fibonacci | 6.42 | 7.41 | 8.02 | 9.01 | 10.00 | 10.61 | 11.60 |
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): | 53.65 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 3.12 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 10.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.03 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 10.03 | |
| Zig ZAG (10): | 10.55 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 62.81 | |
| TEMA (21): | 10.34 | |
| Williams %R (14): | -19.60 | |
| Chande Momentum Oscillator (20): | -0.06 | |
| Repulse (5,40,3): | 3.6100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 4.08 |
| MA7: | 10.44 | |
| MA20: | 9.89 | |
| MA50: | 8.86 | |
| MA100: | 9.36 | |
| MAexp7: | 10.38 | |
| MAexp20: | 10.39 | |
| MAexp50: | 10.36 | |
| MAexp100: | 10.11 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +6.17% | |
| Price / MA50: | +18.51% | |
| Price / MA100: | +12.18% | |
| Price / MAexp7: | +1.16% | |
| Price / MAexp20: | +1.06% | |
| Price / MAexp50: | +1.35% | |
| Price / MAexp100: | +3.86% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
Don't forget to follow the news on IVANHOE ELECTRIC INC.. At the time of publication of this analysis, the latest news was as follows:
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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