URANIUM ROYALTY CORP (UROY) Stock Technical Analysis
NASDAQ:UROY - Nasdaq - CA91702V1013 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to UROY. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month UROY has a been trading in the 2.42 - 3.13 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that UROY is one of the better performing stocks in the market, outperforming 72% of all stocks.
UROY is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry. UROY outperforms 80% of them.
UROY has an average volume of 3212250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
UROY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so UROY is lagging the market.
UROY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 2.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for UROY 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.
More info and screens
2.27
3.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.50 to 2.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.46 from a trend line in the daily time frame.
- Support @2.34 from a horizontal line in the daily time frame.
- Support @2.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.64 to 2.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.79 from a trend line in the daily time frame.
- Resistance @2.85 from a horizontal line in the daily time frame.
- Resistance @3.07 from a trend line in the weekly 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 UROY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for UROY is neutral. |
| ChartMill Relative Strength | 72.38 | POSITIVE | UROY has a high relative strength, it outperformed 72.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of UROY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of UROY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of UROY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.72 | NEUTRAL | The RSI value for UROY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests UROY has a negative trend. |
| Stochastics (14,3) | 34.81 | NEUTRAL | The Stochastics value for UROY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.09 | HIGH VOLATILITY | The high ATR as a percentage value for UROY suggests high volalility. |
| Average Directional Index/ADX (14) | 13.4 | NEGATIVE | The low ADX value for UROY suggests a weak or negative 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)
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 |
|---|---|---|---|
| 2.70 | 2.50 | 0.20 (7.41%) | 13.50% |
| An entry @2.70. This is a Buy Stop order right above the resistance zone. | An exit @2.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.20 points, which is 7.41%. | When investing 13.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of UROY. Please evaluate whether better entry and exit points can be found.
- 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.
2.59
+0.03 (+1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.17%
1 Week-3.72%
2 Weeks-2.26%
1 Month-15.08%
3 Month11.16%
6 Month22.17%
12 Month11.64%
2 Year4.44%
3 Year-18.81%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%6.09%
ATR Inc-16.69%
Range Today0.09
ADR(20)0.15
ADR(20)%5.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.38
Mansfield0.41
10 Day High2.87
10 Day Low2.51
20 Day High3.13
20 Day Low2.42
52 Week High3.3
52 Week Low1.43
CS1 End2.51
CR1 Start2.64
Volume & EV
DER(3)7.71%
DER(5)7.49%
Volume2.91M
Volume Incr-19.37%
Vol(5)2.62M
Vol(50)3.21M