URANIUM ENERGY CORP (UEC) Stock Technical Analysis
NYSEARCA:UEC - US9168961038 - Common Stock
10.69 USD
+0.21 (+2%)
10.67 USD
-0.02 (-0.19%)
We assign a technical rating of 10 out of 10 to UEC. Both in the recent history as in the last year, UEC has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, UEC did better than 96% of all other stocks.
UEC is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. UEC outperforms 97% of them.
UEC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month UEC has a been trading in the 8.62 - 11.29 range, which is quite wide. It is currently trading near the high of this range.
UEC has an average volume of 13311200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
UEC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.24, a Stop Loss order could be placed below this zone.
More info and screens
4.22
10.85
We found 4 important support areas.
- A support zone ranging from 10.11 to 10.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.75 from a trend line in the daily time frame.
- Support @9.38 from a horizontal line in the daily time frame.
- Support @4.26 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.73 to 10.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for UEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UEC is up. |
| ChartMill Relative Strength | 96.38 | POSITIVE | UEC has a high relative strength, it outperformed 96.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of UEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of UEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.38 | NEUTRAL | The RSI value for UEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests UEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.88 | NEUTRAL | The Stochastics value for UEC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for UEC suggests high volalility. |
| Average Directional Index/ADX (14) | 30.88 | POSITIVE | The high ADX value value for UEC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.75 | 10.10 | 0.65 (6.05%) | 16.54% |
| An entry @10.75. This is a Buy Stop order right above the resistance zone. | An exit @10.10. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.65 points, which is 6.05%. | When investing 16.54% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of UEC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.69
+0.21 (+2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2%
1 Week1.52%
2 Weeks-0.37%
1 Month23.3%
3 Month80.27%
6 Month90.89%
12 Month104.4%
2 Year147.45%
3 Year136.5%
5 Year829.57%
10 Year762.1%
15 Year320.87%
Volatility
ATR(14)0.62
ATR(20)%5.6%
ATR Inc-18.63%
Range Today0.83
ADR(20)0.57
ADR(20)%5.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.38
Mansfield4.3
10 Day High11.29
10 Day Low9.23
20 Day High11.29
20 Day Low8.62
52 Week High11.29
52 Week Low3.85
CS1 End10.24
CR1 Start10.73
Volume & EV
DER(3)0.59%
DER(5)1.01%
Volume12.83M
Volume Incr-0.48%
Vol(5)12.48M
Vol(50)13.31M