ENERGY FUELS INC - 1H - Technical analysis published on 03/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 6.14 USD
My targets
5.96 USD (-1.00%)
5.78 USD (-3.99%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on ENERGY FUELS INC as long as the price remains well below 6.14 USD. The sellers' bearish objective is set at 5.96 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.78 USD. In case of crossing, the next objective would be the support located at 5.66 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ENERGY FUELS INC rating 6.02 USD. The price is lower by -0.33% since the last closing and was traded between 5.97 USD and 6.10 USD over the period. The price is currently at +0.84% from its lowest and -1.31% from its highest.5.97
6.10
6.02
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENERGY FUELS INC:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ENERGY FUELS INC chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
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 several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 | 5.66 | 5.78 | 5.96 | 6.02 | 6.14 | 6.30 | 6.45 |
| Change (%) | -5.98% | -3.99% | -1.00% | - | +1.99% | +4.65% | +7.14% |
| Change | -0.36 | -0.24 | -0.06 | - | +0.12 | +0.28 | +0.43 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.77 | 5.87 | 5.95 | 6.05 | 6.13 | 6.23 | 6.31 |
| Camarilla | 5.99 | 6.01 | 6.02 | 6.04 | 6.06 | 6.07 | 6.09 |
| Woodie | 5.77 | 5.87 | 5.95 | 6.05 | 6.13 | 6.23 | 6.31 |
| Fibonacci | 5.87 | 5.94 | 5.98 | 6.05 | 6.12 | 6.16 | 6.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.40 | 5.63 | 5.90 | 6.13 | 6.40 | 6.63 | 6.90 |
| Camarilla | 6.04 | 6.09 | 6.13 | 6.18 | 6.23 | 6.27 | 6.32 |
| Woodie | 5.43 | 5.64 | 5.93 | 6.14 | 6.43 | 6.64 | 6.93 |
| Fibonacci | 5.63 | 5.82 | 5.94 | 6.13 | 6.32 | 6.44 | 6.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.22 | 4.60 | 5.46 | 6.84 | 7.70 | 9.08 | 9.94 |
| Camarilla | 5.71 | 5.92 | 6.13 | 6.33 | 6.54 | 6.74 | 6.95 |
| Woodie | 2.97 | 4.47 | 5.21 | 6.71 | 7.45 | 8.95 | 9.69 |
| Fibonacci | 4.60 | 5.45 | 5.98 | 6.84 | 7.69 | 8.22 | 9.08 |
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): | 44.06 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | 2.63 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 6.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.08 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 6.24 | |
| Zig ZAG (10): | 6.02 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 30.09 | |
| TEMA (21): | 5.99 | |
| Williams %R (14): | -72.97 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -0.6700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.01 |
| MA7: | 6.12 | |
| MA20: | 6.15 | |
| MA50: | 6.68 | |
| MA100: | 7.16 | |
| MAexp7: | 6.03 | |
| MAexp20: | 6.07 | |
| MAexp50: | 6.10 | |
| MAexp100: | 6.15 | |
| Price / MA7: | -1.63% | |
| Price / MA20: | -2.11% | |
| Price / MA50: | -9.88% | |
| Price / MA100: | -15.92% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.82% | |
| Price / MAexp50: | -1.31% | |
| Price / MAexp100: | -2.11% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on ENERGY FUELS INC at the time of the generation of this analysis was as follows:
- Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Breaking Cycle of Dependence
- Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Tilting Balance Back to America
- Energy Fuels Inc. CEO Discusses Newly Released Sustainability Report and Entry Into Rare Earths Production for 2021
- Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Marks Milestone, Produces Mixed REE Concentrate at Utah Mill
- Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Working to Re-Ignite REE production in the US
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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