URA at historic Support/Resistance level on WeeklyURA has hit the ~23.00 level. Since June 2021, the 23.00 level has provided resistance or support to URA 7 times, as shown by the yellow circles on the Weekly chart.
Entering a Long position with a upside target to another area of previous support and resistance at the ~27.00 area (green rectangle)
Key stats
About Global X Uranium ETF
Home page
Inception date
Nov 4, 2010
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
URA offers exposure to a broad range of companies involved in global uranium mining and the production of nuclear component that are pure-play or have large absolute revenues in the uranium industry. This includes those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries. The index is reconstituted semi-annually. Prior to May 1, 2018, the fund tracked the Solactive Global Uranium Index. The fund announced the underlying index will change to the Solactive Global Uranium & Nuclear Components Index during the third quarter of 2018.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Stock breakdown by region
Top 10 holdings
Utilities vs. Uranium: Is the Nuclear Sector Gaining Momentum?Introduction:
Utilities AMEX:XLU have demonstrated strong performance over the past year, often signaling a "risk-off" market environment where investors seek safety. However, the rise of artificial intelligence (AI) and its impact on market dynamics may be challenging this traditional narrative.
Incoming 50% collapse for Uranium?This is a forecast through until the summer of 2026.
On the above 3 week chart price action has enjoyed a wonderful 400% rise from the bottom. A number of reasons now exist for a bearish outlook.
1) Price action and RSI support breakouts.
2) Regular bearish divergence. Lots of it. 10 oscillators
Nov 3, 2024 Best Scenario for URA by Mid-LAte 2025 >2X Nov 3, 2024
Best Scenario for URA
by Mid-LAte 2025
Minimum Return 1:2 Ratio (Double your money)
The uranium industry forecast for 2025
indicates a tightening market with rising
prices, driven by growing nuclear energy demand and potential
supply constraints.
This environment is likely to ben
URA eyes on $31.44: Major Support to hold for $37 final targetFollowup to my plot looking for $31 break (click).
URA broke above a major zone with ease.
Likely to be retested for possible late longs.
Or look for Break-n-Retest of zones above.
$ 31.43 - 31.66 is Major Support that must hold.
$ 34.37 - 34.55 is the proven immediate hurdle.
$ 36.26 - 37.07 is
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.