Get started

Uranium

#Uranium weekly crossoverUranium has plenty of Momentum moving forward in the larger timeframe. As we look at the weekly chart we can see that the 20MA is about to cross the 50MA. While on the daily the 50MA was acting as support. $262 is acting as support and a bounce off that would keep the momentum going, though $257 is another possibility. In the short term a small drop is more likely when you look at where the RSI and Stochastic RSI is placed. It is also hitting a large resistance area and this would be the 4th time trying to break it. Taking a position in uranium with 3 Aussie Stocks is where I have placed my bets and see how it plays out, but has a great outlook.
ULong
by GlobalTrader_
Uranium: An early opportunity for a multi-year bull market?Uranium has broken through its multi-year bearish trend in August as it broke the Lower High trend line on the monthly chart. To the disappointment of investors it was rejected just below 30.00 and last week it touched the previous Lower High trend line again only this time from above. If it rebounds on that level, then it would mean that it would have successfully tested its previous long term Resistance as a Support. In turn this may create a sustainable (at least) Channel Up and establish the conditions for a multi-year bull market. The monthly chart is on neutral technical action (RSI = 47.913, MACD = 0.320, CCI = 10.3162) which indicates the presence of a support level. Investors who seek early buy opportunities on undervalued assets and bull cycles in the making before much attention is drawn, should definitely start taking a closer look at Uranium. Our target is 33.50 with 44.00 as a possible extension. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
ULong
by InvestingScope
6
Uranium, A Closer Look at the Commodity PriceA few days ago I put out analysis on the Uranium miner ETF AMEX:URA . This ETF is probably the best way to get involved in the Uranium price action and stay diversified. But I wanted to take a look at the commodity price, as this will be the driver of new and existing mines opening up and miners increasing their profitability. The price can also give insight to whether the public is ready to start demanding Uranium and increase it's use as an energy source. If you're looking for a more detailed article on Uranium, you can visit AssetGuild.com . But here on TradingView, we will focus specifically on price. The price of Uranium has been in a deep depression for 11 years. It safe to say it might be the most hated market in existence. This fact alone is why I'm giving it a closer look. Overall, the price is down 80% since it's highs. What's worth noting, is that UX1! has broken out of a long existing triangle pattern and is looking like it might be in the process of forming a bottom. Uranium has been quickly breaking above it's moving averages and holding healthy support on the 100 and 200 MA. The 100 has now crossed the 200 as well. We are now making new 2 year highs which is a promising note. The key here is that price holds support around the $26 range and on it's moving averages. Though volume is still low, this price action may be a signal for interest coming into the Uranium space. Feels good to be watching things develop at such an early stage.
ULong
by micahjmiller
URA: Incredible Weekly Set UpGood morning. With the cryptocurrency and weed markets still in consolidation, I've been sitting on cash waiting for a good long term set up. Uranium is probably the most hated market of all right now. It's seen nothing but downside for the past 11 years, but is beginning to show hope with this setup. While AMEX:URA isn't a perfect tracker of the Uranium futures market, it is one of the better ways to capitalize on the commodity as Uranium sets up bullish on the weekly chart as well. Oversold RSI What I've noticed is that a low was established in 2016 along with an oversold condition in the RSI and has been respected when recently tested on a false break out to the downside. This creates a good case for a long term bottom in the market and potential for the start of a Uranium bull market. Descending Triangle Price has been squeezing down since Feb of 2017. That's 2 years of coiling price waiting for a breakout. What we saw in December was a bearish breakout to the downside rejected when faced with it's all time low. This is a good sign. Price has now reversed and broken to the upside of the triangle pattern. This is also a good sign. Increased Volume Along with a bottoming formation, an Oversold RSI, and a Descending Triangle Breakout, volume has increased dramatically for AMEX:URA . This is a sign that there may be some interest entering the Uranium market after a long 11 years. Challenges While these are bullish signs for AMEX:URA , there are still some risks that Uranium could linger at the bottom for a number of years: Lack of Interest in Uranium 100 and 200 Weekly MA Resistance It is possible this breakout is shut down by the 100 and 200 MA, and we linger at the bottom for a number of years. Even so, this is a great time for me to accumulate for the longer term. Thanks for stopping by! Find Me on the Internet AssetGuild.com Twitter Instagram YouTube StockTwits Room Discord Telegram @micahmiller Nothing in this post shall be taken as person financial advice. This is personal opinion and educational content only.
AMEX:URALong
by micahjmiller
UUUU - Could Go Either Way Short Term; Bullish Long TermClosed after a small bounce off the 50D SMA, just below the 100D. This stock has been incredibly correlated with the 50, 100 and 200D averages. Short-term, Wait to see which direction it breaks (above 100 or below 50) and long/short appropriately. Long term, still very bullish. Global uranium demand is only set to increase drastically, as well as being the only vanadium produced in the US. The section 232 for Energy Fuels will be absolutely massive if approved and based on Trump's previous policy, that seems fairly likely. However, if denied it will destroy a lot of enthusiasm. The 232 was filed Jan 16th, 2018, and they were federally inspected a couple months ago. Once an investigation is started (started in July 2018), the final decision must be made within 360 days.
AMEX:UUUU
by green_brow
3
Uranium (URAXPD) Summary for End Week 4 - 2019So after a volatile 2018, is this Uranium's year to shine? Well we've had 4/5 very good weeks but imo we still have some way to go yet before we can consider this a bullish period. On a technical basis the chikou span, tenkan sen and kijun sen and kumo are all yet to confirm a bull run is underway. Fundamentally not much seems to have changed other than the UK government doing its best to screw-up its energy strategy once again with the problems at Hinkley and Hitachi pulling the plug. It's not a great look for nuclear as a whole, but on the brighter side it may open up the better option of the RR sourced smaller more compact reactors that are better suited to the world in 2019. WAIT
ULong
by mikhem