URANIUM ENERGY CORP (UEC) Stock Technical Analysis
NYSEARCA:UEC - NYSE Arca - US9168961038 - Common Stock - Currency: USD
Overall UEC gets a technical rating of 6 out of 10. In the past year, UEC was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
UEC is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry. UEC outperforms 75% of them.
UEC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
UEC has an average volume of 12194800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, UEC did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
UEC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so UEC is lagging the market slightly.
UEC has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.46. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.24, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.22
6.69
5 important support areas can be observed.
- A support zone ranging from 6.21 to 6.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.91 to 5.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.68 from a horizontal line in the daily time frame.
- Support @5.24 from a horizontal line in the daily time frame.
- Support @4.26 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.46 to 6.62. 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 | NEUTRAL | NEUTRAL | The long term trend for UEC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for UEC is up. |
| ChartMill Relative Strength | 79.37 | POSITIVE | UEC has a high relative strength, it outperformed 79.37% 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 | MIXED | The current price of UEC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.17 | NEUTRAL | The RSI value for UEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests UEC has a negative trend. |
| Stochastics (14,3) | 46.65 | NEUTRAL | The Stochastics value for UEC is a neutral value. |
| Average True Range in percent/ATR (20) | 7.22 | HIGH VOLATILITY | The high ATR as a percentage value for UEC suggests high volalility. |
| Average Directional Index/ADX (14) | 27.32 | 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 |
|---|---|---|---|
| 6.63 | 6.20 | 0.43 (6.49%) | 15.42% |
| An entry @6.63. This is a Buy Stop order right above the resistance zone. | An exit @6.20. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.43 points, which is 6.49%. | When investing 15.42% 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.
6.25
+0.02 (+0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.32%
1 Week-0.32%
2 Weeks5.4%
1 Month11.21%
3 Month23.03%
6 Month-20.69%
12 Month3.48%
2 Year83.82%
3 Year102.92%
5 Year612.09%
10 Year293.08%
15 Year164.83%
Volatility
ATR(14)0.45
ATR(20)%7.22%
ATR Inc-45.64%
Range Today0.36
ADR(20)0.39
ADR(20)%6.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.37
Mansfield-0.36
10 Day High6.82
10 Day Low5.63
20 Day High7.13
20 Day Low5.03
52 Week High8.93
52 Week Low3.85
CS1 End6.24
CR1 Start6.46
Volume & EV
DER(3)2.45%
DER(5)1.26%
Volume9.80M
Volume Incr2.86%
Vol(5)15.63M
Vol(50)12.19M