C-Wave for Uranium miners?it is possible, that we head lower into the 0.5-FIB region. URA still looks bullis and will resume the uptrend at some point.
Uranium
Uranium Energy is it right time to buy?Price Levels and Trends
1. Resistance Levels:
$7.70: The price has faced resistance at this level recently.
$7.68: Another resistance point that the price recently touched but failed to break.
2. Support Levels:
$5.83: The current support level, which has held the price from falling further.
$4.35: The next support level, indicating potential support if the price drops below $5.83.
$2.40: A historical support level from previous years.
$0.5792: A very low historical support level, indicating the minimum price over the chart's timeframe.
Trend Analysis
Uptrend Channel : The price is moving within an ascending channel, with higher highs and higher lows. The upper trendline acts as resistance while the lower trendline acts as support.
Current Position : The price recently hit the upper resistance of the channel around $7.68-$7.70 and has retraced to the support level around $5.83.
Indicators
1. Stochastic RSI:
Current Value: The Stochastic RSI is around 62.61, indicating a neutral to slightly overbought condition. This suggests there might be some room for the price to move up before becoming overbought, but caution is warranted.
2. Cumulative Volume Delta (CVD):
Current Value: The CVD is showing a significant negative value (-35.662M), indicating that selling pressure has been dominant. This could mean that despite price increases, sellers have been in control, potentially foreshadowing further price declines or consolidation.
Trade Idea | UEC | Uranium Energy Corp | Long Long Entry: $7.50
Stop: $6:00
We will be taking this trade right after a minor pullback from this current level of $8.56.
I think there will be more potential upside on this stock as every countries are increasing the power demand due to AI development.
We are now seeing nuclear power revival as uranium energy can produce more energy compared to coal.
The time will comeIt might become a 20$-Stock like Chapman said..
but until then.. you have to preserve your capital..
---STD-TEXT:
Stan Weinstein's method of trading stocks focuses on identifying a stock's position within its four-stage cycle: accumulation, uptrend, distribution, and downtrend. His strategy emphasizes buying stocks in the uptrend stage, where they break out of consolidation with high volume and continue above the 30-week moving average, signaling a strong upward momentum. Weinstein advises selling once the stock enters the downtrend stage, as it drops below the 30-week moving average, thus minimizing losses and preserving gains.
Uranium Energy Corporation (UEC) AnalysisCompany Overview: Uranium Energy Corporation AMEX:UEC is strategically positioned for growth with the restart of its in-situ recovery (ISR) uranium production at the Christensen Ranch project. This project commenced sending resin to the Irigaray Central Processing Plant in August 2024, marking a significant step in UEC’s operational ramp-up.
Key Catalysts:
Global Nuclear Energy Demand: The increasing demand for nuclear energy, propelled by partnerships with major technology firms like Google and Amazon, bolsters UEC’s market position. These collaborations highlight the role of nuclear energy in achieving sustainability and energy security amid growing global energy needs.
Strategic Focus on North America: UEC's emphasis on North American uranium production aligns with recent U.S. and EU bans on Russian uranium, ensuring a reliable domestic supply. This local production capability enhances UEC's competitive advantage in the face of geopolitical challenges affecting the uranium market.
Unhedged Strategy: UEC’s unhedged approach allows investors to benefit directly from rising uranium prices, which are currently hovering around $80/lb. This strategy positions UEC favorably to capitalize on the anticipated increase in uranium demand and prices in the coming years.
Investment Outlook: Bullish Outlook: We are bullish on UEC above the $6.50-$7.00 range, as the resumption of production and the company’s strategic initiatives pave the way for significant growth opportunities. Upside Potential: Our target for UEC is set at $14.00-$15.00, driven by strong market fundamentals, the growing demand for nuclear energy, and UEC's proactive approach to domestic production.
🚀 UEC—Capitalizing on the Future of Clean Energy. #NuclearEnergy #UraniumMarket #CleanEnergyGrowth
Uranium Long Analysis - Cup and Handle, Elliot wave analysisUranium appears to have finished it's larger, intermediate degree correction.
Additionally, uranium has broken out of what seems to be a massive cup and handle pattern.
Expected price within the next decade is likely to exceed 200 dollars/pound.
Expect some more consolidation before a large move higher.
Watch video for more details.
A decade later, this is still in a consolidation pattern? This puppy has been consolidating for 10 years now. IF it shoots above 16 cents (10 year monthly moving average), then we could quickly see it shoot to the top of the base.
DenisonThis move could be setting up to be 1 huge expanding flat in reference to my previous post - Uranium update in August 2024.
Patterns repeat as this looks very similar to the set up in 2020 -expanding flat correction to whipsaw everyone out of the trade
In both scenarios, price rallied to the 1.236 fib marking the top of the C wave.
CCJ Cameco Corporation Options Ahead of EarningsIf you haven`t bough CCJ before the previous earnings:
Now analyzing the options chain and the chart patterns of CCJ Cameco Corporation prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $5.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Uranium X ETF break out - BullishA descending wedge in an uptrend has led to textbook breakout with Uranium X ETF ($URA)
Could be a retest though at 20.50
Weekly chart has been used
Lightbridge Corporation - 50% return incoming?Lightbridge Corporation has repeatedly posted explosive gains when breaking above defined resistance levels. The nuclear fuel technology provider is up 60% over the past two weeks, but analysis suggests there are still more gains to come.
Uranium double bottom, about to nuke orbit (options play inside)Uranium about to have another leg up once the FED cuts rates this summer. MACD is almost turning over.
Calls for August are going for .12, wait till the double bottom and they should be around .10 or less and scale out at 1.00 or higher. That's 1000% return for waiting a couple of months. NFA.
$pdn$pdn.ax ASX:PDN
Still just range bound, deviated the big Quaterly level and now trading into the Big yearley level..
pullback almost 33% so far
Plan marked out on chart..
Under, then trigger once back over.. Then a resending back to into green zone..
Not a prediction
#uranium
$dylTwo Trigger plans marked out on chart,
1. A push down take liquitity marked in orange and a reclaim of the mide range = trigger 1
2.A fast push into range low and hold the "Big quartely level" = trigger 2
#uranium
#dyl
Shorting URA: 1+ Year Trend Channel BreakoutMonitor URA for a breakdown below the lower boundary of its ascending trend channel. If the price breaks out of the trend channel downward, look for a subsequent bounce back to the $30 price range to test the resistance level. Upon confirmation of resistance at $30, consider entering a short trade using put options to capitalize on the expected downward movement. This strategy aims to take advantage of a failed recovery within the channel, signaling a potential shift in trend.
uranium bull run in placeURA ETF is close to second level breakout
daily chart shows a breakout already.
monthly chart is at resistance but can move higher
in the next month. Cup and handle pattern
has formed on the monthly chart.
Electric cars will need to be charged and BYD is
going to overtake Toyota and Volkswagon in the next
decade.
While the empire was busy occupying,
China was quietly working to build its economy.
Now the world can have cheap electric cars which need
to be charged.
bullish on Uranium bullish on uranium and expect this ETF to breakout soon
Support: $17
Resistance I: $43
Resistance II: $100
According to Munro, who is co-chair of the World Nuclear Association’s Nuclear Fuel Demand Working Group, “we are on the cusp of a new nuclear age in which decarbonisation imperatives collide head-on with unrealistic expectations of renewables penetration, leaving nuclear power to wean the world off coal and decarbonise the expanding electrical grid, domestic heating, industrial heating and hard to abate areas of industry including hydrogen production. If nuclear power can achieve its decarbonisation potential around the world, the implications for uranium demand will be astonishing.”
Rising supply could act as a headwind for uranium pricesThe price of uranium, known as yellow cake, has more than doubled in the past year amid a significant imbalance between supply and demand in the global market, sending uranium-related assets soaring to the sky. In addition, the return of Japanese appetite for carbon-free energy and the restart of two nuclear reactors last year, along with plans to restore more units in 2024, also contributed to rising prices. Then, more recently, the announcement of the U.S. ban on Russian imports of uranium and the approval of the GX Decarbonization Power Supply Bill in Japan, aimed at creating a carbon-free energy supply, have had the same effect, helping uranium to regain strength after a brief selloff in February and March 2024.
Illustration 1.01
Uranium-related assets, including Global X Uranium (URA), Sprott Physical Uranium Trust (SRUUF), Sprott Uranium Miners ETF (URNM), and Uranium Energy Corporation (UEC), all recorded huge gains in the past year or so.
Since the start of 2024, uranium has gained approximately 4.7%. Yet, for the year, its performance has been flat, which begs the question of whether the rally is not overdone at this point when the supply is coming online around the world, raising chances of the market moving toward balance and potentially leading to stabilization or reversal in prices. According to the quarterly Domestic Uranium Production Report published by the U.S. Energy Information Administration (EIA), uranium production in the United States for the first quarter of 2024 already surpassed the total output last year. Moreover, data from 2021 and 2022 suggest countries like Australia and Canada are also trying to ramp up their production in response to rising prices.
Illustration 1.02
The image above illustrates the weekly graph of Global X Uranium ETF (URA) and a major resistance at $31.60.
Regarding Global X Uranium ETF (URA), it recorded remarkable 353% gains since its lows in 2020, coupled with a nearly 15% increase in the current year alone. However, despite these impressive gains, the ETF has encountered a significant hurdle at the $31.60 mark, signaling a potential barrier to further upside momentum. Besides that, there is a growing perception that events traditionally viewed as catalysts for price appreciation are losing their potency over time, indicating a potential shift in market dynamics.
Technical conditions
Daily time frame = Bullish (losing momentum)
Weekly time frame = Bullish
Monthly time frame = Bullish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
Uranium Go Boom!Uranium looks ready to explode higher.
This commodity had a daily chart breakout today and no one is talking about it.
Silently triggering a bullish inverse head and shoulders, this should yield more upside.
I'm looking for this breakout move to be confirmed in the coming days. If it confirms a breakout this will be a likely trade that we can buy the dip on.
TD9 count, parabolic, MSM euphoria/ fear - Gold to Cool Offthe fundamentals on gold aren't good:
1. its a rock, King Midas can make the supply infinite
2. mining it is an environmental mess and energy waste
3. value is primarily speculative
4. ton of overhead bagholders from 1,500-2,000 days
5. crypto currency stealing new retail
6. being hoarded by fragile states/ regimes
7. regulatory risk during crisis times
8. massive derivatives & futures market pressure
9. new chemistry could obsolete its small set of utility applications
10. Peter Schiff, Rickards, Clif High, etc baby boomer ponzi crew
11. "Everyone Knows" its a good investment now right? Too Good to Be True pitfall
12. Its just a shiny metal from underground
13. Millennials are already post-gold, post-diamonds
Uranium Slingshot Cheetah Pattern Incoming!!I have identified 3 different types of similar variations in URNM and URA ETFS which show us that we could be in a cusp of a huge explosive move to the upside.
These shakeout patterns are almost identical to each other with the same behavioural patterns before a big move to the upside. 2 humps which are almost like a H&S pattern followed by a huge flush down to break the upwards trend then bouncing off the 200 DMA with a complete reversal to the upside.
All of this is happening at the same time we are bottoming on the URNM/UX1! ratio with huge positive divergence on momentum indicators
Denison Mines breaking outDenison Mines is breaking out of its 12 years range on massive volume.
The huge demand for clean energy, particularly with AI's exploding growth and needs, means a lot of positive news coming for the nuclear industry.
Coupled with the devaluation of developped markets currencies, this could propulse DNN much higher.
Next resistance is the $4 area, then there is $8.50 before the all time high around $14.
Cameco (CCJ) vs peer group uranium miners (Jan 2023-April 2024)As a sector, uranium mining has been in a strong uptrend throughout 2023 with a peak in early 2024.
Pullback currently underway, based on Uranium U308 (UX1!) spot price softness since January 2024.
Geopolitical and operational factors to be considered: (a) Nuclear energy facilities in Europe and USA are reliant to a large degree on fuel sourced from Russia and Kazakhstan, which may be curtailed via legislation (sanctions on Russia and possibly Kazakhstan) or supply chain disruptions (reduced military presence in Niger, announced operational curtailments in Kazakhstan and Saskatchewan which together produce half of global supply). (b) Legacy nuclear facilities are being extended beyond scheduled retirement dates, which will add to demand-side pressure. (c) Nuclear energy is a significantly less elastic market than other types of fuel due to the continuous operational nature of facilities and imperfect substitution alternatives in the short term, which maintains a floor on uranium demand.
For consideration: Buy uranium miners located in stable jurisdictions, friendly to US and European interests, and located close to natural markets for fuel consumers.
