URANIUM ENERGY CORP (UEC) Stock Technical Analysis
NYSEARCA:UEC • US9168961038
Overall UEC gets a technical rating of 9 out of 10. In the last year, UEC was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month UEC has a been trading in the 14.38 - 20.23 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, UEC did better than 97% of all other stocks. We also observe that the gains produced by UEC over the past year are nicely spread over this period.
- UEC is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. UEC outperforms 97% of them.
- UEC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so UEC is lagging the market slightly.
- UEC has an average volume of 11389600 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 very little resistance above the current price. There is a support zone below the current price at 15.54, a Stop Loss order could be placed below this zone.
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13.16
When analyzing the support we can see 4 important areas.
- A support zone ranging from 15.52 to 15.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.04 to 15.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.53 from a trend line in the weekly time frame.
- Support @13.29 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @16.26 from a horizontal line 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 | NEUTRAL | NEUTRAL | The short term trend for UEC is neutral. |
| ChartMill Relative Strength | 97.39 | POSITIVE | UEC has a high relative strength, it outperformed 97.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UEC is below a declining 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) | 50.48 | NEUTRAL | The RSI value for UEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests UEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.48 | NEUTRAL | The Stochastics value for UEC is a neutral value. |
| Average True Range in percent/ATR (20) | 9.32 | HIGH VOLATILITY | The high ATR as a percentage value for UEC suggests high volalility. |
| Average Directional Index/ADX (14) | 19.4 | NEGATIVE | The low ADX value for UEC suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 16.27 | 15.51 | 0.76 (4.67%) | 21.41% |
| An entry @16.27. This is a Buy Stop order right above the resistance zone. | An exit @15.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.76 points, which is 4.67%. | When investing 21.41% 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.
16.25
+0.14 (+0.87%)
URANIUM ENERGY CORP / UEC FAQ
What is the technical rating for UEC stock?
ChartMill assigns a technical rating of 9 / 10 to UEC.
What is the trend direction for UEC stock?
The current trend direction for URANIUM ENERGY CORP (UEC) is Bullish.
Can you provide the RSI signal for URANIUM ENERGY CORP?
URANIUM ENERGY CORP (UEC) has an RSI value of 50.4804. This indicates that the stock is currently neutral.
What is the MACD signal for URANIUM ENERGY CORP (UEC) stock?
The MACD indicator for URANIUM ENERGY CORP (UEC) has a value of -0.208985, indicating a bearish trend.
What is the short term momentum for URANIUM ENERGY CORP (UEC) stock?
The short term momentum for URANIUM ENERGY CORP (UEC) is neutral.