Technical Analysis for EL8 - Elevate Uranium Ltd

Grade Last Price % Change Price Change
D 0.43 -1.15% -0.005
EL8 closed down 1.15 percent on Friday, December 3, 2021, on 1.97 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Down Down
Historical EL8 trend table...

Date Alert Name Type % Chg
Spinning Top Other 0.00%
Wide Bands Range Expansion 0.00%
Down 3 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Wide Bands Range Expansion -1.15%
Oversold Stochastic Weakness -1.15%
Narrow Range Bar Range Contraction -6.52%
NR7 Range Contraction -6.52%
Wide Bands Range Expansion -6.52%
Oversold Stochastic Weakness -6.52%
Older End-of-Day Signals for EL8 ...

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Lower Bollinger Band Support about 10 hours ago
Down 3% about 10 hours ago
Fell Below Previous Day's Low about 11 hours ago
Down 2% about 11 hours ago
2x Volume Pace about 11 hours ago
View Earlier Intraday Alerts

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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

Keywords: Mining Uranium Uranium Ore Husab Mine Rössing Uranium Mine

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 0.785
52 Week Low 0.25
Average Volume 1,194,127
200-Day Moving Average 0.000
50-Day Moving Average 0.533
20-Day Moving Average 0.531
10-Day Moving Average 0.483
Average True Range 0.041
ADX 19.04
+DI 14.973
-DI 31.349
Chandelier Exit (Long, 3 ATRs) 0.531
Chandelier Exit (Short, 3 ATRs) 0.539
Upper Bollinger Bands 0.650
Lower Bollinger Band 0.413
Percent B (%b) 0.07
BandWidth 44.570
MACD Line -0.026
MACD Signal Line -0.012
MACD Histogram -0.0137
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 0.490
Resistance 3 (R3) 0.492 0.473 0.480
Resistance 2 (R2) 0.473 0.458 0.473 0.477
Resistance 1 (R1) 0.452 0.449 0.443 0.450 0.473
Pivot Point 0.433 0.433 0.429 0.433 0.433
Support 1 (S1) 0.412 0.418 0.403 0.410 0.387
Support 2 (S2) 0.393 0.409 0.393 0.383
Support 3 (S3) 0.372 0.393 0.380
Support 4 (S4) 0.370