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. 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.
The long and short term trends are both positive. This is looking good!
URA is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so URA is leading the market.
In the last month URA has a been trading in the 24.47 - 33.25 range, which is quite wide. It is currently trading near the high of this range.
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 3093720 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although URA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
20.65
33.80
2 important support areas can be observed.
- A support zone ranging from 32.65 to 32.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.86 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 33.47 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 | 86.61 | POSITIVE | URA has a high relative strength, it outperformed 86.61% 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) | 87.49 | OVERBOUGHT | The high RSI value suggests URA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests URA has a positive trend. |
| Stochastics (14,3) | 94.04 | OVERBOUGHT | The high Stochastics value suggests URA may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for URA suggests some volalility. |
| Average Directional Index/ADX (14) | 33.38 | 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)
32.97
+1.14 (+3.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.58%
1 Week18.55%
2 Weeks20.81%
1 Month31.62%
3 Month32.94%
6 Month1.92%
12 Month2.26%
2 Year65.76%
3 Year50.27%
5 Year194.38%
10 Year50.41%
15 YearN/A
Volatility
ATR(14)0.92
ATR(20)%2.6%
ATR Inc257.67%
Range Today0.67
ADR(20)0.7
ADR(20)%2.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.61
Mansfield1.43
10 Day High33.25
10 Day Low27.26
20 Day High33.25
20 Day Low24.47
52 Week High33.99
52 Week Low19.5
CS1 End32.96
CR1 Start33.47
Volume & EV
DER(3)4.07%
DER(5)2.32%
Volume7.24M
Volume Incr143.41%
Vol(5)5.93M
Vol(50)3.09M