Get started
Global X Uranium ETFGlobal X Uranium ETFGlobal X Uranium ETF

Global X Uranium ETF

No trades
See on Supercharts
Overview Analysis News
Ideas
Discussions Technicals Seasonals Options

URA trade ideas

URA eyes on $31.44: Major Support to hold for $37 final targetFollowup to my plot looking for $31 break (click). URA broke above a major zone with ease. Likely to be retested for possible late longs. Or look for Break-n-Retest of zones above. $ 31.43 - 31.66 is Major Support that must hold. $ 34.37 - 34.55 is the proven immediate hurdle. $ 36.26 - 37.07 is the final target for this wave. . Previous Analysis: . See "Related Publications" below for other Uranium stocks ================================================================== .
AMEX:URA
by EuroMotif
URA - Uranium OpportunityURA completed the full projected drawdown from the inverted head and shoulders. Purple lines are fib confluences using Connies method. The composite index shows favorable momentum. Volatility weighted MACD has a signal crossover. And Martin Prings concept of total return (rate of change + dividend)/(3 month commercial paper) has a signal crossover. Uranium has consistently maneuvered through Justin Mamis sentiment cycle. We appear to have recently seen an aversion stage. This is still an aggressive area for an entry and commodities require patience at this point in the cycle. AMEX:URA
AMEX:URALong
by Ben_1148x2
3
URA Riding the Tenken into a possible C-ClampI've been following the Uranium trade for a while now. I've seen comparisons to a slow moving crypto cycle. Even the personalities that follow it, trade it, talk about it have comparisons in being some larger than life personalities. It's been a fun own and follow for me. I own a few individual companies, but of course there is correlation with the bigger companies and the large ETFs. Taken a look at the Global X Uranium ETF here just to check and see how the market is tracking on a broader scale. Still looking good on the cloud. Price riding the Tenken. It has opened up what I believe is a bearish C clamp to the Kijun. My thoughts are a healthy cool off before continuation. Fingers crossed. AMEX:URA
AMEX:URA
by Swick15
1
Shorting URA: 1+ Year Trend Channel BreakoutMonitor URA for a breakdown below the lower boundary of its ascending trend channel. If the price breaks out of the trend channel downward, look for a subsequent bounce back to the $30 price range to test the resistance level. Upon confirmation of resistance at $30, consider entering a short trade using put options to capitalize on the expected downward movement. This strategy aims to take advantage of a failed recovery within the channel, signaling a potential shift in trend.
AMEX:URAShort
by PappyTrading
COPX finding Support, Long Trade is Detailed This video shows COPX, the Copper Miners ETF, is coming down into potential support. The weekly chart clearly shows a prior Resistance price area that is now potential Support. The volume has been gang busters up through the Resistance Area. The Weekly RSI reading is still above the important 50 threshold so , overall the Trend is still more Bullish than Bearish. The exact buy and sell points have been shown as I will trade it, Thx!
AMEX:URALong
by Joel-TheMarketLadder
2
uranium bull run in placeURA ETF is close to second level breakout daily chart shows a breakout already. monthly chart is at resistance but can move higher in the next month. Cup and handle pattern has formed on the monthly chart. Electric cars will need to be charged and BYD is going to overtake Toyota and Volkswagon in the next decade. While the empire was busy occupying, China was quietly working to build its economy. Now the world can have cheap electric cars which need to be charged.
AMEX:URALong
by RogueCleaner
1
bullish on Uranium bullish on uranium and expect this ETF to breakout soon Support: $17 Resistance I: $43 Resistance II: $100 According to Munro, who is co-chair of the World Nuclear Association’s Nuclear Fuel Demand Working Group, “we are on the cusp of a new nuclear age in which decarbonisation imperatives collide head-on with unrealistic expectations of renewables penetration, leaving nuclear power to wean the world off coal and decarbonise the expanding electrical grid, domestic heating, industrial heating and hard to abate areas of industry including hydrogen production. If nuclear power can achieve its decarbonisation potential around the world, the implications for uranium demand will be astonishing.”
AMEX:URALong
by youknowram
Rising supply could act as a headwind for uranium pricesThe price of uranium, known as yellow cake, has more than doubled in the past year amid a significant imbalance between supply and demand in the global market, sending uranium-related assets soaring to the sky. In addition, the return of Japanese appetite for carbon-free energy and the restart of two nuclear reactors last year, along with plans to restore more units in 2024, also contributed to rising prices. Then, more recently, the announcement of the U.S. ban on Russian imports of uranium and the approval of the GX Decarbonization Power Supply Bill in Japan, aimed at creating a carbon-free energy supply, have had the same effect, helping uranium to regain strength after a brief selloff in February and March 2024. Illustration 1.01 Uranium-related assets, including Global X Uranium (URA), Sprott Physical Uranium Trust (SRUUF), Sprott Uranium Miners ETF (URNM), and Uranium Energy Corporation (UEC), all recorded huge gains in the past year or so. Since the start of 2024, uranium has gained approximately 4.7%. Yet, for the year, its performance has been flat, which begs the question of whether the rally is not overdone at this point when the supply is coming online around the world, raising chances of the market moving toward balance and potentially leading to stabilization or reversal in prices. According to the quarterly Domestic Uranium Production Report published by the U.S. Energy Information Administration (EIA), uranium production in the United States for the first quarter of 2024 already surpassed the total output last year. Moreover, data from 2021 and 2022 suggest countries like Australia and Canada are also trying to ramp up their production in response to rising prices. Illustration 1.02 The image above illustrates the weekly graph of Global X Uranium ETF (URA) and a major resistance at $31.60. Regarding Global X Uranium ETF (URA), it recorded remarkable 353% gains since its lows in 2020, coupled with a nearly 15% increase in the current year alone. However, despite these impressive gains, the ETF has encountered a significant hurdle at the $31.60 mark, signaling a potential barrier to further upside momentum. Besides that, there is a growing perception that events traditionally viewed as catalysts for price appreciation are losing their potency over time, indicating a potential shift in market dynamics. Technical conditions Daily time frame = Bullish (losing momentum) Weekly time frame = Bullish Monthly time frame = Bullish Please feel free to express your 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 or any other entity. Your own due diligence is highly advised before entering a trade.
AMEX:URAShort
by Tradersweekly