ULTRALIFE CORP. - 1H - Technical analysis published on 04/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 10.75 USD
My targets
11.46 USD (+0.79%)
13.90 USD (+22.25%)
My analysis
The bullish trend is currently very strong on ULTRALIFE CORP.. As long as the price remains above the support at 10.75 USD, you could try to benefit from the boom. The first bullish objective is located at 11.46 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 13.90 USD as an objective. Crossing it would then enable buyers to target 22.65 USD. 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.
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
8.6
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This analysis was given by mhq. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ULTRALIFE CORP. rating is 11.37 USD. The price registered an increase of +6.16% on the session and was between 10.59 USD and 11.56 USD. This implies that the price is at +7.37% from its lowest and at -1.64% from its highest.10.59
11.56
11.37
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a 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
A technical analysis in 1H of this ULTRALIFE CORP. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 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
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 10.25 | 10.49 | 10.75 | 11.37 | 11.46 | 13.90 | 22.65 |
Change (%) | -9.85% | -7.74% | -5.45% | - | +0.79% | +22.25% | +99.21% |
Change | -1.12 | -0.88 | -0.62 | - | +0.09 | +2.53 | +11.28 |
Level | Minor | Major | Intermediate | - | Major | Minor | 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 | 9.29 | 9.59 | 10.15 | 10.45 | 11.01 | 11.31 | 11.87 |
Camarilla | 10.47 | 10.55 | 10.63 | 10.71 | 10.79 | 10.87 | 10.95 |
Woodie | 9.42 | 9.66 | 10.28 | 10.52 | 11.14 | 11.38 | 12.00 |
Fibonacci | 9.59 | 9.92 | 10.12 | 10.45 | 10.78 | 10.98 | 11.31 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 7.70 | 8.08 | 8.38 | 8.76 | 9.06 | 9.44 | 9.74 |
Camarilla | 8.48 | 8.55 | 8.61 | 8.67 | 8.73 | 8.80 | 8.86 |
Woodie | 7.65 | 8.06 | 8.33 | 8.74 | 9.01 | 9.42 | 9.69 |
Fibonacci | 8.08 | 8.34 | 8.50 | 8.76 | 9.02 | 9.18 | 9.44 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6.46 | 7.40 | 8.11 | 9.05 | 9.76 | 10.70 | 11.41 |
Camarilla | 8.36 | 8.51 | 8.66 | 8.81 | 8.96 | 9.11 | 9.26 |
Woodie | 6.34 | 7.34 | 7.99 | 8.99 | 9.64 | 10.64 | 11.29 |
Fibonacci | 7.40 | 8.03 | 8.42 | 9.05 | 9.68 | 10.07 | 10.70 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 77.07 | |
MACD (12,26,9): | 0.6300 | |
Directional Movement: | 33.99 | |
AROON (14): | 78.57 | |
DEMA (21): | 11.06 | |
Parabolic SAR (0,02-0,02-0,2): | 10.05 | |
Elder Ray (13): | 0.55 | |
Super Trend (3,10): | 10.39 | |
Zig ZAG (10): | 11.19 | |
VORTEX (21): | 1.1900 | |
Stochastique (14,3,5): | 95.32 | |
TEMA (21): | 11.44 | |
Williams %R (14): | -6.11 | |
Chande Momentum Oscillator (20): | 0.94 | |
Repulse (5,40,3): | 1.7500 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.8300 | |
Courbe Coppock: | 46.37 |
MA7: | 9.33 | |
MA20: | 9.23 | |
MA50: | 9.21 | |
MA100: | 8.14 | |
MAexp7: | 11.02 | |
MAexp20: | 10.20 | |
MAexp50: | 9.53 | |
MAexp100: | 9.31 | |
Price / MA7: | +21.86% | |
Price / MA20: | +23.19% | |
Price / MA50: | +23.45% | |
Price / MA100: | +39.68% | |
Price / MAexp7: | +3.18% | |
Price / MAexp20: | +11.47% | |
Price / MAexp50: | +19.31% | |
Price / MAexp100: | +22.13% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on ULTRALIFE CORP. at the time of the analysis were as follows:
- Thinking about buying stock in BigBear.ai, VERSES AI, Hyzon Motors, Nu Holdings, or Ultralife?
- Ultralife Corporation - ULBI Stock Chart Technical Analysis for 05-18-2021
- Ultralife Corporation to Host Earnings Call
- Investor Network: Ultralife Corporation to Host Earnings Call
- Investor Network: Ultralife Corporation to Host Earnings Call
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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