Energy Fuels Inc Stock Forecast
Red day on Friday for Energy Fuels Inc
(Updated on Jun 21, 2024)
The Energy Fuels Inc stock price fell by -0.492% on the last day (Friday, 21st Jun 2024) from $6.10 to $6.07. During the last trading day the stock fluctuated 3.88% from a day low at $5.93 to a day high of $6.16. The price has fallen in 6 of the last 10 days and is down by -1.62% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $20.44 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.93% during the next 3 months and, with a 90% probability hold a price between $5.45 and $7.29 at the end of this 3-month period.
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UUUU Signals & Forecast
There are mixed signals in the stock today. The Energy Fuels Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $6.25. On a fall, the stock will find some support from the short-term average at $6.05. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 4.30%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Energy Fuels Inc stock
Energy Fuels Inc finds support from accumulated volume at $5.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.230 between high and low, or 3.88%. For the last week, the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (UUUU) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Energy Fuels Inc to open at $6.05, and during the day (based on 14 day Average True Range), to move between $5.80 and $6.34, which gives a possible trading interval of +/-$0.270 (+/-4.45%) up or down from last closing price. If Energy Fuels Inc takes out the full calculated possible swing range there will be an estimated 8.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.10 (0.49%) than the support at $5.94 (2.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Energy Fuels Inc stock A Buy?
Energy Fuels Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.459 Sell Candidate Unchanged
Predicted Opening Price for Energy Fuels Inc of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $6.05 ( 0.275%) | $6.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UUUU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.28 | 3.51% |
| R2 | 6.20 | 2.07% |
| R1 | 6.14 | 1.17% |
| Price | 6.07 | |
| S1 | 5.97 | -1.72% |
| S2 | 5.91 | -2.62% |
| S3 | 5.82 | -4.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.36 | 4.78% |
| R2 | 6.29 | 3.62% |
| R1 | 6.10 | 0.494% |
| Price | 6.07 | |
| S1 | 5.94 | -2.14% |
| S2 | 5.76 | -5.11% |
| S3 | 5.30 | -12.69% |
FAQ
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