ENERGY FUELS INC - Weekly - Technical analysis published on 03/10/2023 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 5.75 USD
My targets
4.62 USD (-16.46%)
4.09 USD (-26.04%)
My analysis
The bearish trend is currently very strong for ENERGY FUELS INC. As long as the price remains below the resistance at 5.75 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 4.62 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 4.09 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.3
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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 ENERGY FUELS INC rating is 5.53 USD. Over 5 days, this instrument lost -17.09% and has been traded over the last 5 days between 5.52 USD and 6.67 USD. This implies that the 5 day price is +0.18% from its lowest point and -17.09% from its highest point.5.52
6.67
5.53
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ENERGY FUELS INC:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of ENERGY FUELS INC indicates that the overall trend is strongly bearish. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : Weekly
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 : Weekly
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Weekly
MACD indicator is back under 0
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Weekly
Support of channel is broken
Type : Bearish
Timeframe : Weekly
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.31 | 2.63 | 4.09 | 5.53 | 5.75 | 6.70 | 8.12 |
| Change (%) | -76.31% | -52.44% | -26.04% | - | +3.98% | +21.16% | +46.84% |
| Change | -4.22 | -2.90 | -1.44 | - | +0.22 | +1.17 | +2.59 |
| Level | Major | Intermediate | Major | - | Major | Intermediate | Major |
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 | 5.04 | 5.36 | 5.57 | 5.89 | 6.10 | 6.42 | 6.63 |
| Camarilla | 5.63 | 5.68 | 5.73 | 5.78 | 5.83 | 5.88 | 5.93 |
| Woodie | 4.99 | 5.33 | 5.52 | 5.86 | 6.05 | 6.39 | 6.58 |
| Fibonacci | 5.36 | 5.56 | 5.69 | 5.89 | 6.09 | 6.22 | 6.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.83 | 6.12 | 6.39 | 6.68 | 6.95 | 7.24 | 7.51 |
| Camarilla | 6.52 | 6.57 | 6.62 | 6.67 | 6.72 | 6.77 | 6.82 |
| Woodie | 5.83 | 6.12 | 6.39 | 6.68 | 6.95 | 7.24 | 7.51 |
| Fibonacci | 6.12 | 6.33 | 6.46 | 6.68 | 6.89 | 7.02 | 7.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.62 | 5.51 | 6.11 | 7.00 | 7.60 | 8.49 | 9.09 |
| Camarilla | 6.30 | 6.44 | 6.57 | 6.71 | 6.85 | 6.98 | 7.12 |
| Woodie | 4.48 | 5.44 | 5.97 | 6.93 | 7.46 | 8.42 | 8.95 |
| Fibonacci | 5.51 | 6.08 | 6.43 | 7.00 | 7.57 | 7.92 | 8.49 |
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): | 40.16 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -5.95 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 6.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 7.97 | |
| Elder Ray (13): | -0.56 | |
| Super Trend (3,10): | 8.42 | |
| Zig ZAG (10): | 5.60 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 29.08 | |
| TEMA (21): | 6.65 | |
| Williams %R (14): | -99.11 | |
| Chande Momentum Oscillator (20): | -0.38 | |
| Repulse (5,40,3): | -29.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 0.33 |
| MA7: | 6.17 | |
| MA20: | 6.67 | |
| MA50: | 6.81 | |
| MA100: | 6.74 | |
| MAexp7: | 6.55 | |
| MAexp20: | 6.70 | |
| MAexp50: | 6.72 | |
| MAexp100: | 6.32 | |
| Price / MA7: | -10.37% | |
| Price / MA20: | -17.09% | |
| Price / MA50: | -18.80% | |
| Price / MA100: | -17.95% | |
| Price / MAexp7: | -15.57% | |
| Price / MAexp20: | -17.46% | |
| Price / MAexp50: | -17.71% | |
| Price / MAexp100: | -12.50% |
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.
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