IVANHOE ELECTRIC INC. - 1H - Technical analysis published on 04/12/2024 (GMT)
- 116
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
39%
17%
44%
My opinion
Neutral between 10.06 USD and 10.70 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 10.70 USD. The first support is located at 10.06 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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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 IVANHOE ELECTRIC INC. price is 10.32 USD. On the day, this instrument lost -0.19% and was between 10.29 USD and 10.95 USD. This implies that the price is at +0.29% from its lowest and at -5.75% from its highest.10.29
10.95
10.32
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IVANHOE ELECTRIC INC.:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of IVANHOE ELECTRIC INC. indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
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 resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
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 | 8.59 | 9.30 | 10.06 | 10.32 | 11.08 | 11.52 | 13.39 |
| Change (%) | -16.76% | -9.88% | -2.52% | - | +7.36% | +11.63% | +29.75% |
| Change | -1.73 | -1.02 | -0.26 | - | +0.76 | +1.20 | +3.07 |
| Level | Intermediate | Major | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.20 | 9.54 | 9.94 | 10.28 | 10.68 | 11.02 | 11.42 |
| Camarilla | 10.14 | 10.20 | 10.27 | 10.34 | 10.41 | 10.48 | 10.54 |
| Woodie | 9.23 | 9.56 | 9.97 | 10.30 | 10.71 | 11.04 | 11.45 |
| Fibonacci | 9.54 | 9.82 | 10.00 | 10.28 | 10.56 | 10.74 | 11.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.45 | 8.97 | 9.78 | 10.30 | 11.11 | 11.63 | 12.44 |
| Camarilla | 10.21 | 10.34 | 10.46 | 10.58 | 10.70 | 10.82 | 10.95 |
| Woodie | 8.59 | 9.04 | 9.92 | 10.37 | 11.25 | 11.70 | 12.58 |
| Fibonacci | 8.97 | 9.48 | 9.80 | 10.30 | 10.81 | 11.13 | 11.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.52 | 6.42 | 8.11 | 9.01 | 10.70 | 11.60 | 13.29 |
| Camarilla | 9.09 | 9.33 | 9.56 | 9.80 | 10.04 | 10.28 | 10.51 |
| Woodie | 5.92 | 6.62 | 8.51 | 9.21 | 11.10 | 11.80 | 13.69 |
| Fibonacci | 6.42 | 7.41 | 8.02 | 9.01 | 10.00 | 10.61 | 11.60 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.63 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -0.66 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 10.45 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.95 | |
| Elder Ray (13): | -0.10 | |
| Super Trend (3,10): | 10.02 | |
| Zig ZAG (10): | 10.31 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 50.31 | |
| TEMA (21): | 10.46 | |
| Williams %R (14): | -59.81 | |
| Chande Momentum Oscillator (20): | 0.35 | |
| Repulse (5,40,3): | -2.9300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 6.90 |
| MA7: | 10.48 | |
| MA20: | 9.66 | |
| MA50: | 8.75 | |
| MA100: | 9.35 | |
| MAexp7: | 10.46 | |
| MAexp20: | 10.42 | |
| MAexp50: | 10.32 | |
| MAexp100: | 10.00 | |
| Price / MA7: | -1.53% | |
| Price / MA20: | +6.83% | |
| Price / MA50: | +17.94% | |
| Price / MA100: | +10.37% | |
| Price / MAexp7: | -1.34% | |
| Price / MAexp20: | -0.96% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +3.20% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The last news published on IVANHOE ELECTRIC INC. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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