URANIUM ENERGY CORP (UEC) Stock Technical Analysis
NYSEARCA:UEC - NYSE Arca - US9168961038 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to UEC. In the last year, UEC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
UEC is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 87% of 211 stocks in the same industry.
UEC has an average volume of 13312200 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 84% 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 currently trading near new highs, so UEC is lagging the market.
In the last month UEC has a been trading in the 6.02 - 7.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, UEC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 6.61, a Stop Loss order could be placed below this zone.
More info and screens
4.22
7.13
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.44 to 6.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.26 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.68 to 6.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.99 to 7.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | 84.45 | POSITIVE | UEC has a high relative strength, it outperformed 84.45% 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) | 55.25 | NEUTRAL | The RSI value for UEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests UEC has a negative trend. |
| Stochastics (14,3) | 51.03 | NEUTRAL | The Stochastics value for UEC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.82 | HIGH VOLATILITY | The high ATR as a percentage value for UEC suggests high volalility. |
| Average Directional Index/ADX (14) | 28.1 | 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 |
|---|---|---|---|
| 6.73 | 6.43 | 0.30 (4.46%) | 22.43% |
| An entry @6.73. This is a Buy Stop order right above the resistance zone. | An exit @6.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.30 points, which is 4.46%. | For a 1.00% total portfolio risk, you can invest 22.43% of your capital in this trade. |
- 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.
6.62
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-6.1%
2 Weeks-0.45%
1 Month7.64%
3 Month56.87%
6 Month-13.35%
12 Month10.15%
2 Year83.89%
3 Year57.62%
5 Year583.67%
10 Year394.03%
15 Year138.99%
Volatility
ATR(14)0.38
ATR(20)%5.82%
ATR Inc-46.75%
Range Today0.14
ADR(20)0.36
ADR(20)%5.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.45
Mansfield-0.24
10 Day High7.07
10 Day Low6.33
20 Day High7.15
20 Day Low6.02
52 Week High8.93
52 Week Low3.85
CS1 End6.61
CR1 Start6.68
Volume & EV
DER(3)1.32%
DER(5)1.27%
Volume7.09M
Volume Incr-23.69%
Vol(5)11.34M
Vol(50)13.31M