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URA

Uranium - Is it getting ready for yet another rally? Over the past two years, the uranium sector has been experiencing a deficit on the supply side which led to a surge of more than 300% in the price of Global X Uranium ETF. The situation was even further exacerbated when in January 2022 Kazakhstan, world's largest producer, saw civil unrest spreading across the country. We foresee the deficit in the uranium market to be persistent throughout the whole year 2022 which we expect to have a positive impact on the price of this yellow metal. Recently, URA ETF saw bullish developments taking place on the daily time frame which possibly sets it for another rally. Top ten biggest producers of uranium by country (2020): 1. Kazakhstan = 19 477 tonnes (approximately 41% of world supply) 2. Australia = 6 203 tonnes 3. Namibia = 5 413 tonnes 4. Canada = 3 885 tonnes 5. Uzbekistan = 3 500 tonnes 6. Niger = 2 991 tonnes 7. Russia = 2 846 tonnes 8. China = 1 885 tonnes 9. Ukraine = 744 tonnes 10. India = 400 tonnes Meanwhile, the U.S. produced only 6 tonnes of uranium in 2020 which leaves it heavily dependent on foreign producers. Technical analysis - daily time frame RSI is very bullish. MACD is bullish, though it still remains in the bearish territory. Stochastic is bullish. DM+ and DM- performed bullish crossover recently. However, ADX contains low value which suggests no trend is currently present in URA. Overall, the daily time frame is bullish. Illustration 1.01 Picture above depicts the daily chart of the URA ETF. It also shows resistance at slope. We will observe price action closely and we will look whether it manages to break above the resistance. If breakout occurs, then we expect such a phenomenon to strongly bolster the bullish case for the URA ETF. Technical analysis - weekly time frame RSI continues to develop bearish structure. However, it already reversed which is bullish. We will watch whether it will manage to break its bearish structure. MACD is bearish but it shows first signs of flattening. Stochastic oscillates in the bearish territory, however, it points to the upside at the moment. DM+ and DM- show bearish conditions in the market. ADX suggests a lack of prevailing trend. Overall, the weekly time frame is bearish but signals very weak or no trend at all. Support and resistance Major resistance lies at 31.60 USD. Short-term resistance sits at 23.26 USD. Resistance 1 is at 26.37 USD and Resistance 2 at 28.72 USD. Resistance 3 is at 29.77 USD. Short-term support sits at 21.72 USD. Support 2 can be found at 17.23 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
AMEX:URALong
by Tradersweekly
4
The Week Ahead: NFLX, ARKF/ARKG/ARKK, XBI, KWEB, URA, IWM, QQQI haven't done one of these in quite some time, but thought I'd do one over this long holiday weekend. Earnings: I looked at a number of these for next week (there are quite a few) and have culled things down to the most liquid options underlyings, ideally with implied volatility rank >70% and 30-day greater than 50%. Only NFLX really fits that bill, even though it's a smidge shy of a 50% 30-day. For instance, I did look at CTXS (87/46), but when I dug into the options table, I wasn't fantastically excited about setting up a short strangle with only 2.5 to 5-wides where I'd want to set up my tent on both the put and call sides. NFLX (76.9% rank/44.8% 30-day) announces earnings on Thursday after market close, so look to put on a play before the end of that session if you're looking to play the announcement for a volatility contraction. Pictured here is a February 18th 450/610 short strangle with the legs camped out at the 13 delta. Paying 9.20 at the mid as of Friday's close on buying power of 52.59 (on margin), it has a 17.5% ROC at max, 8.7% ROC at 50% max. I like to go wider with earnings announcement volatility contraction plays since these do one of two things: (1) come in immediately; or (2) give you headaches for several cycles if the move has been overly large and you have to defend the setup to scratch in a contracted volatility environment. If you're more of a defined risk bent, throw on some wings: the February 18th 440/450/610/620 iron condor is paying 1.90 on buying power effect of 8.10, 23.5% ROC at max, 11.7% ROC at 50% max. Naturally, these are just preliminary pricing and strikes. You'll want to adjust strikes as necessary, since the underlying is likely to move somewhat running into earnings. Exchange-Traded Funds Screened for Implied Volatility Rank >50% and 30-Day >35% and Ordered by Implied Volatility Rank: ARKF (84/52) (Cathie Woods' Fintech Innovation) XBI (83/43) (Biotech) ARKG (79/59) (Cathie Woods' Genomic Revolution) KWEB (60/51) (China Internet) ARKK (59/44) (Cathie Woods' Innovation) URA (41/59) (Uranium) A lot of Cathie Woods' stuff in there ... . I like to reserve these for the monthlies, since the weeklies aren't all that liquid in some of these. Unfortunately, the February 18th monthly is a little short in duration for my tastes (33 days until expiry) and March a bit long, so will probably hand sit on deploying buying power in this area until the March monthly's duration shortens -- it's currently 61 days, and I like to keep things +/- a week or so of 45 days. One underlying that doesn't really have a 52-week valid implied volatility rank is BITO (1/68), since it hasn't been around for 52 weeks yet. However, that "1" indicates that its implied is low within the range its established since inception, and I'd naturally prefer it to be higher even though its 30-day outranks all of 30-days I've got in my little list, so I'm keeping an eye on it, having just exited a BITO short strangle on Friday. Broad Market Exchange-Traded Funds Ordered by Implied Volatility Rank: XLK (46/27) QQQ (43/25) EFA (35/17) IWM (36/26) DIA (24/18) SPY (23/19) I've moved XLK from my exchange-traded fund grid to my broad market grid, since it enjoys a close correlation with SPY (.87 90-day) and an even closer correlation with QQQ. XLK is about half the size of QQQ, so if you like to layer on, it's a little more nimble for that purpose. I've been selling premium in small caps (IWM) in the weeklies to bide my time while monthly setups come in or have to be managed, but may consider sticking some of my pickle into QQQ next week given the fact that its rank implies that it's more "expanded" (if that makes any sense). I'd probably use the March 4th expiry, where the QQQ 16-delta 342/408 is paying 5.69 on buying power of 48.03, 11.8% ROC at max, 5.9% at 50% max. Naturally, the market may look entirely different from an implied volatility standpoint coming off a long holiday weekend, so I always have a second look at whether doing that is worthwhile once the market opens.
NASDAQ:NFLX
by NaughtyPines
5
CLNE -ENBL -ET -OCGN -XPOA -ARVL - URA All clearing the cloudThese all look the same on the chart. Alll clearing the cloud and closing Green for the day. I drew the Key algo to get an idea of what should happen. In this example you can see the previous cloud where support failed and it decided to repeat the dip to find support. This is something you would need to look for in all of these. However, the difference in this move versus the last one was the fact that it never cleared the cloud. Clearing the cloud and closing Green is a strong signal that this move is different and standsa much greater chance of moving higher from where it is currently. These are all the stocks under $30 on my list that are looking like they could have a positive move to the upside. naturally if you get into position on any of these and it drops below the cloud you should close your position and wait for it to close again above the cloud. I am not a financial advisor do not blindly follow my trades. by iCantw84it
NASDAQ:CLNELong
by iCantw84it
URANIUM - URA - MED/LONG TERM STRAT BUYLooking at the daily picture, we can identify several important information : 1) caught in a $ 23.00 - $ 25.50 trading range 2) mix of a double bottom and double top 3) currently below the Mid Bollinger Band 4) in the middle of the sideways trading range above mentioned. 5) supported by the former uptrend support line (in green) 6) still below the ongoing resistance line (in blue) Nevertheless, recent price action from the former high @ $ 28.68 towards $ 23.00 should be seen as an healthy consolidation move and not as a trend reversal. Therefore, having in mind a med/long term buy strategy, dips should be seen as a good opportunity to increase the existing long exposure for those who are already long or to initiate new positions for the others. TRUST ME.. there is a STRONG STORY behind and it is only the beginning of the story... Have a look at the monthly picture and you will see the upside potential, it is huge !!! Last but not least, the better vehicle to invest in the URANIUM theme is the following : Strategy Certificate on U3O8 RENAISSANCE Portfolio Underlying: U3O8 RENAISSANCE Portfolio SSPA/EUSIPA Product Type Tracker Certificates (1300) ISIN: CH0441692628 /Valor: 44169262 Last price (05.10.2021) $ 1'987.05 Best Ironman8848
AMEX:URALong
by Ironman8848
CARBON FREE ENERGY IS ABOUT TO BE EXPENSIVE This is a simple story of clean energy and a Canadian firm Countries such as JAPAN, THE USA, RUSSIA, UK, and FRANCE pushing for nuclear-produced hydrogen. Nuclear power demand raised from 2% to 2.6 which supply capacity is expected to shrink through 2050. If you have been following the Uranium market by now you probably know of Sprott asset management active uranium purchases in the spot market with reportedly over $1 billion in assets. Even though right now governing bodies are monitoring "Sprott" buying activity but "it's nothing that's worrying them at this point" --- This is from a well-written article by J.HOLMAN from S&P Market intelligence OUR OPINION Little or no regulatory interference will push prices higher Nuclear stocks are the next explosive stocks since cannabis and blockchain Could also see prices of Metal commodities and large manufacturing firms see an increase in demand/ strength in business and positive earnings Nuclear Waste Management spike in revenue and growth into the business venture long-term It's HERE AND CHEAP why not just BUY?
AMEX:URALong
by Beclinks_Capital
1