UR ENERGY INC - 1H - Technical analysis published on 11/22/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
28%
50%
My opinion
Bullish above 1.25 USD
My targets
1.38 USD (+2.22%)
1.47 USD (+8.89%)
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 UR ENERGY INC. As long as you are above the support located at 1.25 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1.38 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 1.47 USD as an objective. Crossing it would then enable buyers to target 1.61 USD. If the support 1.25 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.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3
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Additional analysis
Quotes
The UR ENERGY INC price is 1.35 USD. On the day, this instrument lost -0.74% and was traded between 1.33 USD and 1.37 USD over the period. The price is currently at +1.50% from its lowest and -1.46% from its highest.1.33
1.37
1.35
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of UR ENERGY INC in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
On the 18 technical indicators analysed, 4 are bullish, 9 are neutral and 5 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.11 | 1.18 | 1.24 | 1.35 | 1.35 | 1.38 | 1.47 |
| Change (%) | -17.78% | -12.59% | -8.15% | 0% | - | +2.22% | +8.89% |
| Change | -0.24 | -0.17 | -0.11 | 0 | - | +0.03 | +0.12 |
| Level | Major | Minor | Major | Minor | - | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.26 | 1.29 | 1.33 | 1.36 | 1.40 | 1.43 | 1.47 |
| Camarilla | 1.34 | 1.35 | 1.35 | 1.36 | 1.37 | 1.37 | 1.38 |
| Woodie | 1.26 | 1.29 | 1.33 | 1.36 | 1.40 | 1.43 | 1.47 |
| Fibonacci | 1.29 | 1.32 | 1.34 | 1.36 | 1.39 | 1.41 | 1.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.86 | 0.98 | 1.12 | 1.24 | 1.38 | 1.50 | 1.64 |
| Camarilla | 1.18 | 1.20 | 1.23 | 1.25 | 1.27 | 1.30 | 1.32 |
| Woodie | 0.86 | 0.99 | 1.12 | 1.25 | 1.38 | 1.51 | 1.64 |
| Fibonacci | 0.98 | 1.08 | 1.14 | 1.24 | 1.34 | 1.40 | 1.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.92 | 1.02 | 1.15 | 1.25 | 1.38 | 1.48 | 1.61 |
| Camarilla | 1.21 | 1.23 | 1.25 | 1.27 | 1.29 | 1.31 | 1.33 |
| Woodie | 0.93 | 1.03 | 1.16 | 1.26 | 1.39 | 1.49 | 1.62 |
| Fibonacci | 1.02 | 1.11 | 1.17 | 1.25 | 1.34 | 1.40 | 1.48 |
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): | 52.28 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 4.19 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 1.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.40 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.30 | |
| Zig ZAG (10): | 1.35 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 40.48 | |
| TEMA (21): | 1.36 | |
| Williams %R (14): | -64.29 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 0.37 |
| MA7: | 1.32 | |
| MA20: | 1.26 | |
| MA50: | 1.23 | |
| MA100: | 1.21 | |
| MAexp7: | 1.36 | |
| MAexp20: | 1.36 | |
| MAexp50: | 1.32 | |
| MAexp100: | 1.28 | |
| Price / MA7: | +2.27% | |
| Price / MA20: | +7.14% | |
| Price / MA50: | +9.76% | |
| Price / MA100: | +11.57% | |
| Price / MAexp7: | -0.74% | |
| Price / MAexp20: | -0.74% | |
| Price / MAexp50: | +2.27% | |
| Price / MAexp100: | +5.47% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on UR ENERGY INC at the time of the analysis were as follows:
- Ur-Energy Releases 2024 Q3 Results
- Ur-Energy Congratulates Constellation on Its Power Purchase Agreement with Microsoft
- Ur-Energy Provides Operations, Construction and 2024 Guidance Updates
- Ur-Energy to Hold 2024 Q2 Webcast and Teleconference
- Ur-Energy to Present at August 20th Virtual Investor Summit Microcap Event
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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