GLOBAL X URANIUM ETF (URA) Stock Technical Analysis
NYSEARCA:URA - NYSE Arca - US37954Y8710 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to URA. Both in the recent history as in the last year, URA has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
URA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so URA is performing more or less in line with the market.
URA 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
URA has an average volume of 3187090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that URA is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Although URA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
20.65
33.80
We found 1 important support area.
- Support @20.86 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @32.65 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 33.46 to 33.47. 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 URA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for URA is up. |
| ChartMill Relative Strength | 86.56 | POSITIVE | URA has a high relative strength, it outperformed 86.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of URA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of URA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of URA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.53 | OVERBOUGHT | The high RSI value suggests URA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests URA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.78 | NEUTRAL | The Stochastics value for URA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for URA suggests some volalility. |
| Average Directional Index/ADX (14) | 38.21 | POSITIVE | The high ADX value value for URA 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)
31.87
-0.14 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.44%
1 Week0.13%
2 Weeks15.01%
1 Month23.34%
3 Month33.12%
6 Month0.22%
12 Month6.38%
2 Year46.87%
3 Year71.71%
5 Year193.73%
10 Year72.83%
15 YearN/A
Volatility
ATR(14)0.96
ATR(20)%2.81%
ATR Inc-35.93%
Range Today0.51
ADR(20)0.76
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.56
Mansfield1.03
10 Day High33.4
10 Day Low27.26
20 Day High33.4
20 Day Low25.2
52 Week High33.99
52 Week Low19.5
CS1 End20.86
CR1 Start32.65
Volume & EV
DER(3)-3.5%
DER(5)-1.29%
Volume2.11M
Volume Incr44.39%
Vol(5)4.47M
Vol(50)3.19M