IVANHOE ELECTRIC INC. - 1H - Technical analysis published on 10/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 9.00 USD
My targets
9.67 USD (+3.12%)
10.16 USD (+8.28%)
My analysis
The bullish trend is currently very strong on IVANHOE ELECTRIC INC.. As long as the price remains above the support at 9.00 USD, you could try to benefit from the boom. The first bullish objective is located at 9.67 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10.16 USD as an objective. Crossing it would then enable buyers to target 10.74 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4
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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 9.38 USD. On the day, this instrument gained +2.96% with the lowest point at 9.00 USD and the highest point at 9.43 USD. The deviation from the price is +4.22% for the low point and -0.53% for the high point.9.00
9.43
9.38
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this IVANHOE ELECTRIC INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
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 | 8.72 | 9.00 | 9.37 | 9.38 | 10.74 | 12.04 | 12.73 |
| Change (%) | -7.04% | -4.05% | -0.11% | - | +14.50% | +28.36% | +35.71% |
| Change | -0.66 | -0.38 | -0.01 | - | +1.36 | +2.66 | +3.35 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Intermediate |
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 | 8.31 | 8.50 | 8.81 | 9.00 | 9.31 | 9.50 | 9.81 |
| Camarilla | 8.97 | 9.02 | 9.06 | 9.11 | 9.16 | 9.20 | 9.25 |
| Woodie | 8.36 | 8.53 | 8.86 | 9.03 | 9.36 | 9.53 | 9.86 |
| Fibonacci | 8.50 | 8.69 | 8.81 | 9.00 | 9.19 | 9.31 | 9.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.52 | 7.91 | 8.40 | 8.79 | 9.28 | 9.67 | 10.16 |
| Camarilla | 8.64 | 8.72 | 8.80 | 8.88 | 8.96 | 9.04 | 9.12 |
| Woodie | 7.56 | 7.94 | 8.44 | 8.82 | 9.32 | 9.70 | 10.20 |
| Fibonacci | 7.91 | 8.25 | 8.46 | 8.79 | 9.13 | 9.34 | 9.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.14 | 5.23 | 6.84 | 7.93 | 9.54 | 10.63 | 12.24 |
| Camarilla | 7.72 | 7.97 | 8.21 | 8.46 | 8.71 | 8.96 | 9.20 |
| Woodie | 4.41 | 5.36 | 7.11 | 8.06 | 9.81 | 10.76 | 12.51 |
| Fibonacci | 5.23 | 6.26 | 6.90 | 7.93 | 8.96 | 9.60 | 10.63 |
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): | 63.96 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 15.07 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 9.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.42 | |
| Elder Ray (13): | 0.18 | |
| Super Trend (3,10): | 8.79 | |
| Zig ZAG (10): | 9.33 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 73.33 | |
| TEMA (21): | 9.31 | |
| Williams %R (14): | -10.34 | |
| Chande Momentum Oscillator (20): | 0.50 | |
| Repulse (5,40,3): | 2.9200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1900 | |
| Courbe Coppock: | 9.65 |
| MA7: | 8.93 | |
| MA20: | 8.45 | |
| MA50: | 7.63 | |
| MA100: | 8.92 | |
| MAexp7: | 9.22 | |
| MAexp20: | 9.03 | |
| MAexp50: | 8.86 | |
| MAexp100: | 8.62 | |
| Price / MA7: | +5.04% | |
| Price / MA20: | +11.01% | |
| Price / MA50: | +22.94% | |
| Price / MA100: | +5.16% | |
| Price / MAexp7: | +1.74% | |
| Price / MAexp20: | +3.88% | |
| Price / MAexp50: | +5.87% | |
| Price / MAexp100: | +8.82% |
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:
- Ivanhoe Electric's VRB Energy Subsidiary and Red Sun Sign Definitive Agreements for Formation of New Grid Scale Battery Joint Venture
- Ivanhoe Electric's VRB Energy Subsidiary Secures $55 Million Investment
- Ivanhoe Electric Announces Closing of Initial Public Offering
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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