We assign a technical rating of 2 out of 10 to URNJ. URNJ has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
URNJ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.87. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for URNJ in the last couple of days, which is a good sign.
22.87
We found 3 important support areas.
We can see 3 important resistance areas.
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 URNJ is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for URNJ is down. |
| ChartMill Relative Strength | 57.67 | NEUTRAL | URNJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of URNJ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of URNJ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of URNJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.44 | NEUTRAL | The RSI value for URNJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests URNJ has a negative trend. |
| Stochastics (14,3) | 38.57 | NEUTRAL | The Stochastics value for URNJ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.1 | HIGH VOLATILITY | The high ATR as a percentage value for URNJ suggests high volalility. |
| Average Directional Index/ADX (14) | 10.41 | NEGATIVE | The low ADX value for URNJ suggests a weak or negative trend. |
25.2
+0.38 (+1.51%)
ChartMill assigns a technical rating of 2 / 10 to URNJ.
The current trend direction for SPROTT JR URANIUM MINERS ETF (URNJ) is Bullish.
SPROTT JR URANIUM MINERS ETF (URNJ) has an RSI value of 45.4413. This indicates that the stock is currently neutral.
The MACD indicator for SPROTT JR URANIUM MINERS ETF (URNJ) has a value of -0.0416534, indicating a bearish trend.
SPROTT JR URANIUM MINERS ETF (URNJ) has a support level at 25.02 and a resistance level at 25.87. Check the full technical report for our detailed analysis of URNJ support and resistance levels.