ENERGY FUELS INC - Daily - Technical analysis published on 09/04/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 4.91 USD
My targets
4.09 USD (-6.83%)
3.45 USD (-21.34%)
My analysis
The bearish trend is currently very strong for ENERGY FUELS INC. As long as the price remains below the resistance at 4.91 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.09 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3.45 USD as an objective. Crossing it would then enable sellers to target 2.63 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ENERGY FUELS INC rating 4.39 USD. The price is lower by -0.23% since the last closing and was between 4.33 USD and 4.49 USD. This implies that the price is at +1.39% from its lowest and at -2.23% from its highest.4.33
4.49
4.39
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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ENERGY FUELS INC indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 10 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 1.31 | 2.63 | 4.09 | 4.39 | 4.44 | 5.18 | 6.01 |
| Change (%) | -70.16% | -40.09% | -6.83% | - | +1.14% | +18.00% | +36.90% |
| Change | -3.08 | -1.76 | -0.30 | - | +0.05 | +0.79 | +1.62 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Minor |
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 | 3.71 | 4.02 | 4.21 | 4.52 | 4.71 | 5.02 | 5.21 |
| Camarilla | 4.26 | 4.31 | 4.35 | 4.40 | 4.45 | 4.49 | 4.54 |
| Woodie | 3.65 | 3.99 | 4.15 | 4.49 | 4.65 | 4.99 | 5.15 |
| Fibonacci | 4.02 | 4.21 | 4.33 | 4.52 | 4.71 | 4.83 | 5.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.28 | 4.48 | 4.69 | 4.89 | 5.10 | 5.30 | 5.51 |
| Camarilla | 4.79 | 4.83 | 4.86 | 4.90 | 4.94 | 4.98 | 5.01 |
| Woodie | 4.29 | 4.48 | 4.70 | 4.89 | 5.11 | 5.30 | 5.52 |
| Fibonacci | 4.48 | 4.64 | 4.73 | 4.89 | 5.05 | 5.14 | 5.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.72 | 3.45 | 4.18 | 4.91 | 5.64 | 6.37 | 7.10 |
| Camarilla | 4.50 | 4.63 | 4.77 | 4.90 | 5.03 | 5.17 | 5.30 |
| Woodie | 2.71 | 3.45 | 4.17 | 4.91 | 5.63 | 6.37 | 7.09 |
| Fibonacci | 3.45 | 4.01 | 4.36 | 4.91 | 5.47 | 5.82 | 6.37 |
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): | 36.24 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -15.41 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 4.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.07 | |
| Elder Ray (13): | -0.28 | |
| Super Trend (3,10): | 5.15 | |
| Zig ZAG (10): | 4.38 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 27.20 | |
| TEMA (21): | 4.55 | |
| Williams %R (14): | -95.89 | |
| Chande Momentum Oscillator (20): | -0.27 | |
| Repulse (5,40,3): | -8.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.6200 | |
| Courbe Coppock: | 3.87 |
| MA7: | 4.70 | |
| MA20: | 4.65 | |
| MA50: | 5.34 | |
| MA100: | 5.70 | |
| MAexp7: | 4.62 | |
| MAexp20: | 4.78 | |
| MAexp50: | 5.19 | |
| MAexp100: | 5.62 | |
| Price / MA7: | -6.60% | |
| Price / MA20: | -5.59% | |
| Price / MA50: | -17.79% | |
| Price / MA100: | -22.98% | |
| Price / MAexp7: | -4.98% | |
| Price / MAexp20: | -8.16% | |
| Price / MAexp50: | -15.41% | |
| Price / MAexp100: | -21.89% |
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 ENERGY FUELS INC. At the time of publication of this analysis, the latest news 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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