GLOBAL X URANIUM ETF - Daily - Technical analysis published on 01/15/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 21.76 USD
My targets
22.93 USD (+3.58%)
23.72 USD (+7.14%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GLOBAL X URANIUM ETF as long as the price remains well above 21.76 USD. The buyers' bullish objective is set at 22.93 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.72 USD. If there is any crossing, the next objective would be the resistance located at 26.16 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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This analysis was given by AleksanderTheGreat. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GLOBAL X URANIUM ETF price is 22.14 USD. On the day, this instrument gained +0.55% with the lowest point at 21.78 USD and the highest point at 22.18 USD. The deviation from the price is +1.65% for the low point and -0.18% for the high point.21.78
22.18
22.14
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this GLOBAL X URANIUM ETF chart shows a bullish trend. 78.57% 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 market scanner currently does not detect any result that concerns moving averages.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 18.79 | 20.19 | 21.76 | 22.14 | 23.72 | 26.16 | 28.41 |
| Change (%) | -15.13% | -8.81% | -1.72% | - | +7.14% | +18.16% | +28.32% |
| Change | -3.35 | -1.95 | -0.38 | - | +1.58 | +4.02 | +6.27 |
| Level | Major | Intermediate | Major | - | Major | Minor | 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 | 21.49 | 21.63 | 21.89 | 22.03 | 22.29 | 22.43 | 22.69 |
| Camarilla | 22.03 | 22.07 | 22.10 | 22.14 | 22.18 | 22.21 | 22.25 |
| Woodie | 21.54 | 21.66 | 21.94 | 22.06 | 22.34 | 22.46 | 22.74 |
| Fibonacci | 21.63 | 21.79 | 21.88 | 22.03 | 22.19 | 22.28 | 22.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.85 | 21.14 | 21.64 | 21.93 | 22.43 | 22.72 | 23.22 |
| Camarilla | 21.92 | 22.00 | 22.07 | 22.14 | 22.21 | 22.29 | 22.36 |
| Woodie | 20.96 | 21.19 | 21.75 | 21.98 | 22.54 | 22.77 | 23.33 |
| Fibonacci | 21.14 | 21.44 | 21.63 | 21.93 | 22.23 | 22.42 | 22.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.15 | 17.57 | 18.83 | 20.25 | 21.51 | 22.93 | 24.19 |
| Camarilla | 19.34 | 19.59 | 19.83 | 20.08 | 20.33 | 20.57 | 20.82 |
| Woodie | 16.06 | 17.53 | 18.74 | 20.21 | 21.42 | 22.89 | 24.10 |
| Fibonacci | 17.57 | 18.60 | 19.23 | 20.25 | 21.28 | 21.91 | 22.93 |
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): | 69.03 | |
| MACD (12,26,9): | 0.4900 | |
| Directional Movement: | 17.45 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 21.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 19.98 | |
| Elder Ray (13): | 0.90 | |
| Super Trend (3,10): | 20.30 | |
| Zig ZAG (10): | 22.14 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 93.11 | |
| TEMA (21): | 21.80 | |
| Williams %R (14): | -2.83 | |
| Chande Momentum Oscillator (20): | 1.95 | |
| Repulse (5,40,3): | 3.2500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 19.79 |
| MA7: | 21.53 | |
| MA20: | 20.35 | |
| MA50: | 20.42 | |
| MA100: | 20.77 | |
| MAexp7: | 21.56 | |
| MAexp20: | 20.78 | |
| MAexp50: | 20.51 | |
| MAexp100: | 20.64 | |
| Price / MA7: | +2.83% | |
| Price / MA20: | +8.80% | |
| Price / MA50: | +8.42% | |
| Price / MA100: | +6.60% | |
| Price / MAexp7: | +2.69% | |
| Price / MAexp20: | +6.54% | |
| Price / MAexp50: | +7.95% | |
| Price / MAexp100: | +7.27% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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