SPROTT URANIUM MINERS ETF (URNM) Stock Technical Analysis
NYSEARCA:URNM - NYSE Arca - US85208P3038 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to URNM. Both in the recent history as in the last year, URNM 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.
URNM 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 URNM is lagging the market slightly.
In the last month URNM has a been trading in the 43.94 - 49.45 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, URNM did better than 84% of all other 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.
URNM has an excellent technical rating, but the quality of the setup is only medium 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
43.99
49.64
We found 2 important support areas.
- A support zone ranging from 45.66 to 46.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.43 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 49.15 to 49.15. 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 URNM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for URNM is up. |
| ChartMill Relative Strength | 84.78 | POSITIVE | URNM has a high relative strength, it outperformed 84.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of URNM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of URNM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of URNM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.5 | NEUTRAL | The RSI value for URNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests URNM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.42 | OVERBOUGHT | The high Stochastics value suggests URNM may be overbought. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for URNM suggests some volalility. |
| Average Directional Index/ADX (14) | 29.44 | POSITIVE | The high ADX value value for URNM 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)
49.14
+0.58 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.19%
1 Week9.2%
2 Weeks3.41%
1 Month5.88%
3 Month55.11%
6 Month17.48%
12 Month4.69%
2 Year41.41%
3 Year41%
5 Year224.5%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.53
ATR(20)%2.97%
ATR Inc4.05%
Range Today1.53
ADR(20)1.4
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.78
Mansfield0.93
10 Day High49.45
10 Day Low43.94
20 Day High49.45
20 Day Low43.94
52 Week High53.48
52 Week Low27.6
CS1 End46.77
CR1 Start49.15
Volume & EV
DER(3)-0.09%
DER(5)1.04%
Volume534.70K
Volume Incr-21.94%
Vol(5)535.08K
Vol(50)722.20K