IVANHOE ELECTRIC INC. - 1H - Technical analysis published on 06/12/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 10.74 USD
My targets
11.05 USD (+2.22%)
11.55 USD (+6.85%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on IVANHOE ELECTRIC INC. as long as the price remains well above 10.74 USD. The buyers' bullish objective is set at 11.05 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.55 USD. If there is any crossing, the next objective would be the resistance located at 12.14 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.2
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Additional analysis
Quotes
The IVANHOE ELECTRIC INC. price is 10.81 USD. The price registered an increase of +3.45% on the session and was between 10.71 USD and 11.08 USD. This implies that the price is at +0.93% from its lowest and at -2.44% from its highest.10.71
11.08
10.81
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by IVANHOE ELECTRIC INC.:
Technical
Technical analysis of IVANHOE ELECTRIC INC. in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 9.38 | 10.06 | 10.74 | 10.81 | 11.05 | 11.55 | 12.14 |
Change (%) | -13.23% | -6.94% | -0.65% | - | +2.22% | +6.85% | +12.30% |
Change | -1.43 | -0.75 | -0.07 | - | +0.24 | +0.74 | +1.33 |
Level | Major | Major | Intermediate | - | Major | 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 | 9.75 | 9.99 | 10.22 | 10.46 | 10.69 | 10.93 | 11.16 |
Camarilla | 10.32 | 10.36 | 10.41 | 10.45 | 10.49 | 10.54 | 10.58 |
Woodie | 9.75 | 9.99 | 10.22 | 10.46 | 10.69 | 10.93 | 11.16 |
Fibonacci | 9.99 | 10.17 | 10.28 | 10.46 | 10.64 | 10.75 | 10.93 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.56 | 7.25 | 8.18 | 9.87 | 10.80 | 12.49 | 13.42 |
Camarilla | 8.38 | 8.62 | 8.86 | 9.10 | 9.34 | 9.58 | 9.82 |
Woodie | 5.17 | 7.06 | 7.79 | 9.68 | 10.41 | 12.30 | 13.03 |
Fibonacci | 7.25 | 8.25 | 8.87 | 9.87 | 10.87 | 11.49 | 12.49 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 6.64 | 8.23 | 9.80 | 11.39 | 12.96 | 14.55 | 16.12 |
Camarilla | 10.50 | 10.79 | 11.08 | 11.37 | 11.66 | 11.95 | 12.24 |
Woodie | 6.63 | 8.23 | 9.79 | 11.39 | 12.95 | 14.55 | 16.11 |
Fibonacci | 8.23 | 9.44 | 10.18 | 11.39 | 12.60 | 13.34 | 14.55 |
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): | 58.85 | |
MACD (12,26,9): | 0.2000 | |
Directional Movement: | 9.87 | |
AROON (14): | 57.14 | |
DEMA (21): | 10.75 | |
Parabolic SAR (0,02-0,02-0,2): | 10.48 | |
Elder Ray (13): | 0.20 | |
Super Trend (3,10): | 10.05 | |
Zig ZAG (10): | 10.79 | |
VORTEX (21): | 1.1500 | |
Stochastique (14,3,5): | 73.73 | |
TEMA (21): | 10.96 | |
Williams %R (14): | -30.59 | |
Chande Momentum Oscillator (20): | 0.21 | |
Repulse (5,40,3): | -0.8700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2600 | |
Courbe Coppock: | 8.98 |
MA7: | 10.12 | |
MA20: | 11.11 | |
MA50: | 10.86 | |
MA100: | 9.68 | |
MAexp7: | 10.75 | |
MAexp20: | 10.51 | |
MAexp50: | 10.44 | |
MAexp100: | 10.67 | |
Price / MA7: | +6.82% | |
Price / MA20: | -2.70% | |
Price / MA50: | -0.46% | |
Price / MA100: | +11.67% | |
Price / MAexp7: | +0.56% | |
Price / MAexp20: | +2.85% | |
Price / MAexp50: | +3.54% | |
Price / MAexp100: | +1.31% |
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 IVANHOE ELECTRIC INC.. At the time of publication of this analysis, the latest news was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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