GLOBAL X URANIUM ETF (URA) Stock Technical Analysis
NYSEARCA:URA • US37954Y8710
We assign a technical rating of 10 out of 10 to URA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, URA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that URA is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by URA over the past year are nicely spread over this period.
- URA 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 URA is lagging the market slightly.
- URA has an average volume of 5850260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month URA has a been trading in the 49.11 - 62.28 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, URA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 51.90, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for URA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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41.17
4 important support areas can be observed.
- A support zone ranging from 50.78 to 51.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.10 to 49.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.05 from a trend line in the daily time frame.
- Support @41.59 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 URA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for URA is up. |
| ChartMill Relative Strength | 94.41 | POSITIVE | URA has a high relative strength, it outperformed 94.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of URA is below a declining 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) | 53.45 | NEUTRAL | The RSI value for URA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests URA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 48.93 | NEUTRAL | The Stochastics value for URA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for URA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.71 | NEGATIVE | The low ADX value for URA 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 |
|---|---|---|---|
| 55.38 | 50.77 | 4.61 (8.32%) | 12.01% |
| An entry @55.38. This is a Buy Stop order right above the 10 day high. | An exit @50.77. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.61 points, which is 8.32%. | When investing 12.01% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
54.36
+0.44 (+0.82%)
GLOBAL X URANIUM ETF / URA FAQ
Can you provide the ChartMill technical rating for GLOBAL X URANIUM ETF?
ChartMill assigns a technical rating of 10 / 10 to URA.
What is the trend direction for URA stock?
The current trend direction for GLOBAL X URANIUM ETF (URA) is Bullish.
What is the RSI signal for URA stock?
GLOBAL X URANIUM ETF (URA) has an RSI value of 53.4455. This indicates that the stock is currently neutral.
What is the short term momentum for GLOBAL X URANIUM ETF (URA) stock?
The short term momentum for GLOBAL X URANIUM ETF (URA) is positive.
What is the buy/sell signal for URA stock?
The buy/sell signal for GLOBAL X URANIUM ETF (URA) is buy as both the short term and long term trends are positive.