Technical Analysis for EL8 - Elevate Uranium Ltd

Grade Last Price % Change Price Change
C 0.470 -3.09% -0.015
EL8 closed down 3.09 percent on Friday, April 19, 2024, on approximately normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 0.00%
Oversold Stochastic Weakness 0.00%
NR7 Range Contraction -3.09%
Narrow Range Bar Range Contraction -3.09%
Stochastic Reached Oversold Weakness -3.09%
Inside Day Range Contraction -3.09%
Oversold Stochastic Weakness -3.09%
MACD Bearish Signal Line Cross Bearish -3.09%
Down 3 Days in a Row Weakness -3.09%
Fell Below 20 DMA Bearish -4.08%

   Recent Intraday Alerts

Alert Time
Down 3% about 16 hours ago
Down 2% about 17 hours ago
Fell Below Previous Day's Low about 17 hours ago
2x Volume Pace about 17 hours ago
Down 1% about 17 hours ago

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Profile

Elevate Uranium Ltd engages in the exploration and evaluation of uranium deposits in Namibia. The company holds 75% interest in the Marenica uranium project covering an area of 321 square kilometers; and 100% interest in the Mile 72 uranium project covering an area of 21 square kilometers located in the Erongo uranium province in Namibia. It also holds 100% interest in the Koppies and Hirabeb projects located in Namib Desert region of Namibia. The company was formerly known as Marenica Energy Limited and changed its name to Elevate Uranium Ltd in May 2021. Elevate Uranium Ltd was incorporated in 1978 and is based in West Perth, Australia.
Classification

Sector: Energy
Industry: Uranium
Keywords: Mining Uranium Husab Mine Rössing Uranium Mine Uranium Ore

Is EL8 a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 0.677
52 Week Low 0.27
Average Volume 904,004
200-Day Moving Average 0.463
50-Day Moving Average 0.511
20-Day Moving Average 0.506
10-Day Moving Average 0.513
Average True Range 0.027
RSI (14) 42.20
ADX 16.08
+DI 25.184
-DI 27.024
Chandelier Exit (Long, 3 ATRs) 0.493
Chandelier Exit (Short, 3 ATRs) 0.544
Upper Bollinger Bands 0.561
Lower Bollinger Band 0.451
Percent B (%b) 0.18
BandWidth 21.787
MACD Line -0.002
MACD Signal Line 0.003
MACD Histogram -0.0046
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.493
Resistance 3 (R3) 0.495 0.490 0.489
Resistance 2 (R2) 0.490 0.484 0.489 0.487
Resistance 1 (R1) 0.480 0.481 0.478 0.478 0.486
Pivot Point 0.475 0.475 0.474 0.474 0.475
Support 1 (S1) 0.465 0.469 0.463 0.463 0.454
Support 2 (S2) 0.460 0.466 0.459 0.453
Support 3 (S3) 0.450 0.460 0.451
Support 4 (S4) 0.448