URNM eyes on $36.07: Golden Genesis to Mark Bottom or End BounceURNM trying to recover from a strong downtrend.
Currently testing a Golden Genesis fib at $36.07
Look for a Break-and-Retest to mark the Bottom.
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Last Plot that called the TOP:
Also a Golden Genesis that marked the top.
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Key stats
About Sprott Uranium Miners ETF
Home page
Inception date
Dec 3, 2019
Structure
Open-Ended Fund
Replication method
Physical
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
Sprott Asset Management USA, Inc.
Distributor
ALPS Distributors, Inc.
URNM offers access to a basket of global companies involved in mining, exploration, development and production of uranium as well as companies that hold physical uranium, uranium royalties or other non-mining assets. Selected companies must devote 50% of their assets to business operations related to uranium. These companies are identified through industry publications review, sell side research, and fundamental research, as well as meetings with management. Qualified securities are bucketed into two categories and weighted, “miners” (82.5%) and “holders” (17.5%). Companies are market cap weighted within their category, with weight caps and floors applied to individual issuers. The Index is reconstituted and rebalanced on a quarterly basis. Prior to April 25, 2022, the fund was reorganized from North Shore Global Uranium Mining ETF to Sprott Uranium Miners ETF, while retaining the same ticker, strategies, and focus.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Mutual fund
Stock breakdown by region
Top 10 holdings
Uranium iH&SBig watch on Uranium.
I've taken the SPROTT ETF as an example as one of the largest ETFs, but this pattern can be seen in other uranium ETFs and large miners.
It's been hit hard lately, however fundamentals still seem strong with supply deficits hanging over the sector... hopefully providing a tailw
URNM heads up at $53.55: Golden Genesis fib is decision pointNuclear stocks have been exploding (lol).
This ETF has just hit a major landmark.
Recently proven Golden Genesis fib here.
It is PROBABLE we orbit this a few times.
It is POSSILBE that we break and continue.
It is PLAUSIBLE for a lower high of the top.
$ 53.55 is the exact level of interest.
$ 49.
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 whic
Uranium stocks set to outperform everything in 2024 URNM is the largest pure play uranium miner etf in the world. It has been on a good run for about 10 months, but is still lagging the underlying commodity itself. I expect the equities to outperform physical uranium in a similar fashion to what happened during 2021. Spot uranium is approximately $10
URNM moving on up We look to be completing a short term corrective wave here, turning long term resistance into support coinciding with URNM finding support at the .382 Fib Retracement level last week. While I don't love this recent week's candle I'm not too concerned and will look to top up should we touch the .5 an
URNM: Immediate potential to 55+, but if price breaks 10w MA......I cannot rule-out one final macro-decline wave towards support area 25-20.
I like the impulsive move from Mar. 2020 bottom towards Nov 2021 top, that had almost perfect match with the key Fibonacci retracements. Especially notice how Nov top at 51.75 coincides with 1.00% ext of wave (1) pro
Uranium Miner ETF 2 Year Resistance Breakout UPDATEHi Guys! This is a Technical Analysis Update on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe.
URNM was able to BREAK Above the 2 year Resistance line and close Friday with a Strong body candle close.
It was accompanied with a VOLUME SPIKE, which shows follow through and supports price
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.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
URNM trades at 40.31 USD today, its price has fallen −3.15% in the past 24 hours. Track more dynamics on URNM price chart.
URNM net asset value is 41.88 today — it's risen 21.50% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
URNM assets under management is 1.56 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
URNM price has risen by 15.67% over the last month, and its yearly performance shows a −28.02% decrease. See more dynamics on URNM price chart.
NAV returns, another gauge of an ETF dynamics, showed a 19.32% increase in three-month performance and has decreased by −23.43% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 19.32% increase in three-month performance and has decreased by −23.43% in a year.
URNM fund flows account for 152.45 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
URNM invests in stocks. See more details in our Analysis section.
URNM expense ratio is 0.75%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, URNM isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, URNM technical analysis shows the buy rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating URNM shows the neutral signal. See more of URNM technicals for a more comprehensive analysis.
Today, URNM technical analysis shows the buy rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating URNM shows the neutral signal. See more of URNM technicals for a more comprehensive analysis.
Yes, URNM pays dividends to its holders with the dividend yield of 3.07%.
URNM trades at a premium (0.62%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
URNM shares are issued by Sprott, Inc.
URNM follows the North Shore Global Uranium Mining Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 3, 2019.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.