ENERGY FUELS INC - Daily - Technical analysis published on 02/27/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 7.25 USD
My targets
5.93 USD (-11.89%)
5.66 USD (-15.90%)
My analysis
With a strongly bearish trend, the price of ENERGY FUELS INC is trying to inflate a little while more or less stagnating in the short term. Is the price preparing for a rebound or a bearish rally recovery? Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 7.25 USD remains possible. It would be possible for traders to only trade short positions (for sale) on ENERGY FUELS INC as long as the price remains well below 7.25 USD. The next bearish objective for sellers is set at 5.93 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 5.66 USD. In case of crossing, the next objective would be the support located at 4.93 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.6
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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 ENERGY FUELS INC price is 6.73 USD. On the day, this instrument gained +6.49% with the lowest point at 6.39 USD and the highest point at 6.77 USD. The deviation from the price is +5.32% for the low point and -0.59% for the high point.6.39
6.77
6.73
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of ENERGY FUELS INC indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the global trend is slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 8 are bullish, 6 are neutral and 4 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 4.93 | 5.66 | 6.70 | 6.73 | 7.25 | 8.12 | 8.60 |
| Change (%) | -26.75% | -15.90% | -0.45% | - | +7.73% | +20.65% | +27.79% |
| Change | -1.80 | -1.07 | -0.03 | - | +0.52 | +1.39 | +1.87 |
| Level | Major | Intermediate | Major | - | 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 | 5.62 | 5.79 | 6.06 | 6.23 | 6.50 | 6.67 | 6.94 |
| Camarilla | 6.20 | 6.24 | 6.28 | 6.32 | 6.36 | 6.40 | 6.44 |
| Woodie | 5.66 | 5.82 | 6.10 | 6.26 | 6.54 | 6.70 | 6.98 |
| Fibonacci | 5.79 | 5.96 | 6.07 | 6.23 | 6.40 | 6.51 | 6.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.24 | 5.61 | 5.80 | 6.17 | 6.36 | 6.73 | 6.92 |
| Camarilla | 5.85 | 5.90 | 5.95 | 6.00 | 6.05 | 6.10 | 6.15 |
| Woodie | 5.16 | 5.57 | 5.72 | 6.13 | 6.28 | 6.69 | 6.84 |
| Fibonacci | 5.61 | 5.82 | 5.95 | 6.17 | 6.38 | 6.51 | 6.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.28 | 5.93 | 6.74 | 7.39 | 8.20 | 8.85 | 9.66 |
| Camarilla | 7.15 | 7.28 | 7.42 | 7.55 | 7.68 | 7.82 | 7.95 |
| Woodie | 5.36 | 5.97 | 6.82 | 7.43 | 8.28 | 8.89 | 9.74 |
| Fibonacci | 5.93 | 6.49 | 6.83 | 7.39 | 7.95 | 8.29 | 8.85 |
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): | 48.42 | |
| MACD (12,26,9): | -0.2900 | |
| Directional Movement: | -3.97 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 6.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.97 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 7.00 | |
| Zig ZAG (10): | 6.75 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 25.64 | |
| TEMA (21): | 6.21 | |
| Williams %R (14): | -47.33 | |
| Chande Momentum Oscillator (20): | -0.24 | |
| Repulse (5,40,3): | 7.1400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.4900 | |
| Courbe Coppock: | 28.75 |
| MA7: | 6.29 | |
| MA20: | 6.90 | |
| MA50: | 7.14 | |
| MA100: | 7.47 | |
| MAexp7: | 6.43 | |
| MAexp20: | 6.72 | |
| MAexp50: | 7.08 | |
| MAexp100: | 7.21 | |
| Price / MA7: | +7.00% | |
| Price / MA20: | -2.46% | |
| Price / MA50: | -5.74% | |
| Price / MA100: | -9.91% | |
| Price / MAexp7: | +4.67% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | -4.94% | |
| Price / MAexp100: | -6.66% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on ENERGY FUELS INC at the time of the analysis were as follows:
- Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Breaking Cycle of Dependence
- Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Tilting Balance Back to America
- Energy Fuels Inc. CEO Discusses Newly Released Sustainability Report and Entry Into Rare Earths Production for 2021
- Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Marks Milestone, Produces Mixed REE Concentrate at Utah Mill
- Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Working to Re-Ignite REE production in the US
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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