ENERGY FUELS INC - 1H - Technical analysis published on 04/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
22%
33%
44%
My opinion
Bullish above 6.37 USD
My targets
6.70 USD (+1.21%)
6.95 USD (+4.98%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 6.37 USD remains possible. It is advisable to trade ENERGY FUELS INC with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 6.37 USD. The next bullish objective for buyers is set at 6.70 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.95 USD. If there is any crossing, the next objective would be the resistance located at 7.25 USD. PS: if there is a bearish break in the support located at 6.37 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.9
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Additional analysis
Quotes
The ENERGY FUELS INC price is 6.62 USD. The price is lower by -0.15% since the last closing and was between 6.49 USD and 6.75 USD. This implies that the price is at +2.00% from its lowest and at -1.93% from its highest.6.49
6.75
6.62
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this ENERGY FUELS INC chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.96 | 6.14 | 6.37 | 6.62 | 6.70 | 6.95 | 7.25 |
| Change (%) | -9.97% | -7.25% | -3.78% | - | +1.21% | +4.98% | +9.52% |
| Change | -0.66 | -0.48 | -0.25 | - | +0.08 | +0.33 | +0.63 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | 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 | 6.10 | 6.34 | 6.48 | 6.72 | 6.86 | 7.10 | 7.24 |
| Camarilla | 6.53 | 6.56 | 6.60 | 6.63 | 6.67 | 6.70 | 6.74 |
| Woodie | 6.06 | 6.32 | 6.44 | 6.70 | 6.82 | 7.08 | 7.20 |
| Fibonacci | 6.34 | 6.48 | 6.57 | 6.72 | 6.86 | 6.95 | 7.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.55 | 5.76 | 6.02 | 6.23 | 6.49 | 6.70 | 6.96 |
| Camarilla | 6.16 | 6.20 | 6.25 | 6.29 | 6.33 | 6.38 | 6.42 |
| Woodie | 5.59 | 5.77 | 6.06 | 6.24 | 6.53 | 6.71 | 7.00 |
| Fibonacci | 5.76 | 5.94 | 6.05 | 6.23 | 6.41 | 6.52 | 6.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.92 | 5.35 | 5.82 | 6.25 | 6.72 | 7.15 | 7.62 |
| Camarilla | 6.04 | 6.13 | 6.21 | 6.29 | 6.37 | 6.46 | 6.54 |
| Woodie | 4.94 | 5.36 | 5.84 | 6.26 | 6.74 | 7.16 | 7.64 |
| Fibonacci | 5.35 | 5.69 | 5.91 | 6.25 | 6.59 | 6.81 | 7.15 |
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): | 48.09 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 4.09 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 6.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.88 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 6.89 | |
| Zig ZAG (10): | 6.62 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 34.06 | |
| TEMA (21): | 6.74 | |
| Williams %R (14): | -70.65 | |
| Chande Momentum Oscillator (20): | -0.20 | |
| Repulse (5,40,3): | -0.3400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2500 | |
| Courbe Coppock: | 0.96 |
| MA7: | 6.51 | |
| MA20: | 6.23 | |
| MA50: | 6.58 | |
| MA100: | 7.08 | |
| MAexp7: | 6.69 | |
| MAexp20: | 6.68 | |
| MAexp50: | 6.52 | |
| MAexp100: | 6.38 | |
| Price / MA7: | +1.69% | |
| Price / MA20: | +6.26% | |
| Price / MA50: | +0.61% | |
| Price / MA100: | -6.50% | |
| Price / MAexp7: | -1.05% | |
| Price / MAexp20: | -0.90% | |
| Price / MAexp50: | +1.53% | |
| Price / MAexp100: | +3.76% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The last news published on ENERGY FUELS INC at the time of the generation of this analysis was 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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