URANIUM ENERGY CORP. - 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:
Neutral
Technical indicators
22%
61%
17%
My opinion
Bearish under 6.80 USD
My targets
6.54 USD (-2.39%)
6.24 USD (-6.87%)
My analysis
The current short-term bearish acceleration registered on URANIUM ENERGY CORP. should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 6.80 USD. Short-term sellers will use the support located at 6.54 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 6.24 USD. Crossing this support would then open the door for sellers to target 6.07 USD. Caution, if there is a return to below 6.80 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3
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Additional analysis
Quotes
The URANIUM ENERGY CORP. rating is 6.70 USD. On the day, this instrument lost -1.03% and was between 6.66 USD and 6.83 USD. This implies that the price is at +0.60% from its lowest and at -1.90% from its highest.6.66
6.83
6.70
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of URANIUM ENERGY CORP. indicates that the overall trend is not clearly defined. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 3 are neutral and 11 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
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 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 | 6.07 | 6.24 | 6.54 | 6.70 | 6.80 | 7.17 | 7.58 |
| Change (%) | -9.40% | -6.87% | -2.39% | - | +1.49% | +7.01% | +13.13% |
| Change | -0.63 | -0.46 | -0.16 | - | +0.10 | +0.47 | +0.88 |
| Level | Minor | Intermediate | Major | - | Minor | Major | 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 | 6.46 | 6.58 | 6.68 | 6.80 | 6.90 | 7.02 | 7.12 |
| Camarilla | 6.71 | 6.73 | 6.75 | 6.77 | 6.79 | 6.81 | 6.83 |
| Woodie | 6.44 | 6.58 | 6.66 | 6.80 | 6.88 | 7.02 | 7.10 |
| Fibonacci | 6.58 | 6.67 | 6.72 | 6.80 | 6.89 | 6.94 | 7.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.51 | 5.84 | 6.42 | 6.75 | 7.33 | 7.66 | 8.24 |
| Camarilla | 6.74 | 6.82 | 6.91 | 6.99 | 7.07 | 7.16 | 7.24 |
| Woodie | 5.63 | 5.90 | 6.54 | 6.81 | 7.45 | 7.72 | 8.36 |
| Fibonacci | 5.84 | 6.19 | 6.41 | 6.75 | 7.10 | 7.32 | 7.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.60 | 4.92 | 5.70 | 7.02 | 7.80 | 9.12 | 9.90 |
| Camarilla | 5.90 | 6.10 | 6.29 | 6.48 | 6.67 | 6.87 | 7.06 |
| Woodie | 3.33 | 4.79 | 5.43 | 6.89 | 7.53 | 8.99 | 9.63 |
| Fibonacci | 4.92 | 5.72 | 6.22 | 7.02 | 7.82 | 8.32 | 9.12 |
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): | 41.96 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | -4.20 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 6.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.00 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 6.99 | |
| Zig ZAG (10): | 6.69 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 8.86 | |
| TEMA (21): | 6.74 | |
| Williams %R (14): | -94.29 | |
| Chande Momentum Oscillator (20): | -0.25 | |
| Repulse (5,40,3): | -1.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 6.45 |
| MA7: | 6.76 | |
| MA20: | 6.62 | |
| MA50: | 7.12 | |
| MA100: | 6.76 | |
| MAexp7: | 6.76 | |
| MAexp20: | 6.82 | |
| MAexp50: | 6.76 | |
| MAexp100: | 6.72 | |
| Price / MA7: | -0.89% | |
| Price / MA20: | +1.21% | |
| Price / MA50: | -5.90% | |
| Price / MA100: | -0.89% | |
| Price / MAexp7: | -0.89% | |
| Price / MAexp20: | -1.76% | |
| Price / MAexp50: | -0.89% | |
| Price / MAexp100: | -0.30% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
Don't forget to follow the news on URANIUM ENERGY CORP.. At the time of publication of this analysis, the latest news was as follows:
- Uranium Energy Corp Announces the Appointment of Brent Berg as Senior Vice-President, U.S. Operations
- Uranium Energy Corp Files Fiscal 2024 Q2 Quarterly Report
- Uranium Energy Corp Intersects 6.28% eU3O8 Over 2.9 metres in a 25 metre Step Out from the Roughrider East Zone Deposit
- Uranium Energy Corp Publishes Fiscal Year 2023 Sustainability Report
- Uranium Energy Corp Restarting 100% Unhedged Uranium Production in Wyoming
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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