IVANHOE ELECTRIC INC. - 1H - Technical analysis published on 09/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 7.41 USD
My targets
7.60 USD (+1.74%)
7.91 USD (+5.89%)
My analysis
The basic bullish trend is very strong on IVANHOE ELECTRIC INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 7.41 USD. Crossing the first resistance at 7.60 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 7.91 USD as an objective. Crossing it would then enable buyers to target 8.04 USD. Caution, a return to below 7.41 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.7
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Additional analysis
Quotes
The IVANHOE ELECTRIC INC. rating is 7.47 USD. On the day, this instrument gained +1.50% with the lowest point at 7.36 USD and the highest point at 7.62 USD. The deviation from the price is +1.49% for the low point and -1.97% for the high point.7.36
7.62
7.47
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 IVANHOE ELECTRIC INC. indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 8 are neutral and 4 are bearish. The Central Indicators scanner found this result concerning these indicators:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 6.31 | 6.90 | 7.41 | 7.47 | 7.60 | 7.91 | 8.04 |
Change (%) | -15.53% | -7.63% | -0.80% | - | +1.74% | +5.89% | +7.63% |
Change | -1.16 | -0.57 | -0.06 | - | +0.13 | +0.44 | +0.57 |
Level | Minor | Major | Major | - | Intermediate | Intermediate | 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 | 6.85 | 7.01 | 7.19 | 7.35 | 7.53 | 7.69 | 7.87 |
Camarilla | 7.27 | 7.30 | 7.33 | 7.36 | 7.39 | 7.42 | 7.45 |
Woodie | 6.85 | 7.02 | 7.19 | 7.36 | 7.53 | 7.70 | 7.87 |
Fibonacci | 7.01 | 7.14 | 7.22 | 7.35 | 7.48 | 7.56 | 7.69 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 5.53 | 6.02 | 6.89 | 7.38 | 8.25 | 8.74 | 9.61 |
Camarilla | 7.38 | 7.50 | 7.63 | 7.75 | 7.88 | 8.00 | 8.12 |
Woodie | 5.71 | 6.12 | 7.07 | 7.48 | 8.43 | 8.84 | 9.79 |
Fibonacci | 6.02 | 6.54 | 6.86 | 7.38 | 7.90 | 8.22 | 8.74 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 3.02 | 4.91 | 5.98 | 7.87 | 8.94 | 10.83 | 11.90 |
Camarilla | 6.25 | 6.52 | 6.79 | 7.06 | 7.33 | 7.60 | 7.87 |
Woodie | 2.62 | 4.71 | 5.58 | 7.67 | 8.54 | 10.63 | 11.50 |
Fibonacci | 4.91 | 6.04 | 6.74 | 7.87 | 9.00 | 9.70 | 10.83 |
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): | 54.14 | |
MACD (12,26,9): | 0.0200 | |
Directional Movement: | 6.74 | |
AROON (14): | -35.71 | |
DEMA (21): | 7.44 | |
Parabolic SAR (0,02-0,02-0,2): | 7.62 | |
Elder Ray (13): | 0.01 | |
Super Trend (3,10): | 7.79 | |
Zig ZAG (10): | 7.43 | |
VORTEX (21): | 0.9400 | |
Stochastique (14,3,5): | 38.77 | |
TEMA (21): | 7.36 | |
Williams %R (14): | -48.28 | |
Chande Momentum Oscillator (20): | -0.21 | |
Repulse (5,40,3): | -0.8400 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1100 | |
Courbe Coppock: | 7.26 |
MA7: | 7.32 | |
MA20: | 7.04 | |
MA50: | 8.24 | |
MA100: | 9.48 | |
MAexp7: | 7.38 | |
MAexp20: | 7.38 | |
MAexp50: | 7.24 | |
MAexp100: | 7.16 | |
Price / MA7: | +2.05% | |
Price / MA20: | +6.11% | |
Price / MA50: | -9.34% | |
Price / MA100: | -21.20% | |
Price / MAexp7: | +1.22% | |
Price / MAexp20: | +1.22% | |
Price / MAexp50: | +3.18% | |
Price / MAexp100: | +4.33% |
Quotes :
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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
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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