CENTRUS ENERGY - 1H - Technical analysis published on 01/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 52.39 USD
My targets
55.92 USD (+3.27%)
57.00 USD (+5.26%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CENTRUS ENERGY. As long as you are above the support located at 52.39 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 55.92 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 57.00 USD as an objective. Crossing it would then enable buyers to target 58.45 USD. If the support 52.39 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CENTRUS ENERGY rating is 54.15 USD. The price is lower by -0.09% since the last closing and was between 53.52 USD and 56.96 USD. This implies that the price is at +1.18% from its lowest and at -4.93% from its highest.53.52
56.96
54.15
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CENTRUS ENERGY:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CENTRUS ENERGY chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is slight given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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 horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 48.20 | 50.37 | 52.39 | 54.15 | 55.92 | 57.00 | 58.45 |
| Change (%) | -10.99% | -6.98% | -3.25% | - | +3.27% | +5.26% | +7.94% |
| Change | -5.95 | -3.78 | -1.76 | - | +1.77 | +2.85 | +4.30 |
| Level | Minor | Major | Intermediate | - | Intermediate | Minor | 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 | 50.11 | 51.64 | 52.92 | 54.45 | 55.73 | 57.26 | 58.54 |
| Camarilla | 53.43 | 53.69 | 53.94 | 54.20 | 54.46 | 54.72 | 54.97 |
| Woodie | 49.99 | 51.58 | 52.80 | 54.39 | 55.61 | 57.20 | 58.42 |
| Fibonacci | 51.64 | 52.71 | 53.38 | 54.45 | 55.52 | 56.19 | 57.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 47.03 | 49.59 | 51.89 | 54.45 | 56.75 | 59.31 | 61.61 |
| Camarilla | 52.86 | 53.31 | 53.76 | 54.20 | 54.65 | 55.09 | 55.54 |
| Woodie | 46.91 | 49.53 | 51.77 | 54.39 | 56.63 | 59.25 | 61.49 |
| Fibonacci | 49.59 | 51.44 | 52.59 | 54.45 | 56.30 | 57.45 | 59.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 37.84 | 42.77 | 48.59 | 53.52 | 59.34 | 64.27 | 70.09 |
| Camarilla | 51.45 | 52.44 | 53.43 | 54.41 | 55.40 | 56.38 | 57.37 |
| Woodie | 38.29 | 42.99 | 49.04 | 53.74 | 59.79 | 64.49 | 70.54 |
| Fibonacci | 42.77 | 46.88 | 49.41 | 53.52 | 57.63 | 60.16 | 64.27 |
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): | 54.35 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 11.58 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 54.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.12 | |
| Elder Ray (13): | 0.34 | |
| Super Trend (3,10): | 52.30 | |
| Zig ZAG (10): | 54.86 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 44.76 | |
| TEMA (21): | 54.83 | |
| Williams %R (14): | -53.17 | |
| Chande Momentum Oscillator (20): | 0.64 | |
| Repulse (5,40,3): | -0.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 2.19 |
| MA7: | 54.00 | |
| MA20: | 53.02 | |
| MA50: | 51.92 | |
| MA100: | 52.29 | |
| MAexp7: | 54.70 | |
| MAexp20: | 54.56 | |
| MAexp50: | 53.83 | |
| MAexp100: | 53.21 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | +2.13% | |
| Price / MA50: | +4.30% | |
| Price / MA100: | +3.56% | |
| Price / MAexp7: | -1.01% | |
| Price / MAexp20: | -0.75% | |
| Price / MAexp50: | +0.59% | |
| Price / MAexp100: | +1.77% |
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 CENTRUS ENERGY. At the time of publication of this analysis, the latest news was as follows:
- Centrus Energy Announces Departure from Board of Directors
- Lightbridge and Centrus Energy Enter into a Contract to Conduct a FEED Study for a Lightbridge Pilot Fuel Fabrication Facility in Piketon, Ohio
- Centrus Energy CEO Dan Poneman to Speak at COP 28
- Centrus Reports Third Quarter 2023 Results
- Centrus Makes First HALEU Delivery to U.S. Department of Energy
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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