How Low Could #URNM Go?In recent years, the URNM has suffered two (2) major downturns. If we mirror those two downturns forward, we can speculate on how much lower this ETF can go.
Key stats
About Sprott Uranium Miners ETF
Home page
Inception date
Dec 3, 2019
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Sprott Asset Management USA, Inc.
Distributor
ALPS Distributors, Inc.
URNM offers access to a basket of global companies involved in mining, exploration, development and production of uranium as well as companies that hold physical uranium, uranium royalties or other non-mining assets. Selected companies must devote 50% of their assets to business operations related to uranium. These companies are identified through industry publications review, sell side research, and fundamental research, as well as meetings with management. Qualified securities are bucketed into two categories and weighted, miners (82.5%) and holders (17.5%). Companies are market cap weighted within their category, with weight caps and floors applied to individual issuers. The Index is reconstituted and rebalanced on a quarterly basis. Prior to April 25, 2022, the fund was reorganized from North Shore Global Uranium Mining ETF to Sprott Uranium Miners ETF, while retaining the same ticker, strategies, and focus.
Classification
What's in the fund
Exposure type
Non-Energy Minerals
Mutual fund
Stock breakdown by region
URNM heads up at $53.55: Golden Genesis fib is decision pointNuclear stocks have been exploding (lol).
This ETF has just hit a major landmark.
Recently proven Golden Genesis fib here.
It is PROBABLE we orbit this a few times.
It is POSSILBE that we break and continue.
It is PLAUSIBLE for a lower high of the top.
$ 53.55 is the exact level of interest.
$ 49.
Critical point for UraniumComing to decision time for Uranium.
Do we reload and go again, or are we confirmed new downtrend and into hibernation until a significant catalyst? AMEX:URNM
Uranium Slingshot Cheetah Pattern Incoming!!I have identified 3 different types of similar variations in URNM and URA ETFS which show us that we could be in a cusp of a huge explosive move to the upside.
These shakeout patterns are almost identical to each other with the same behavioural patterns before a big move to the upside. 2 humps whic
Uranium stocks set to outperform everything in 2024 URNM is the largest pure play uranium miner etf in the world. It has been on a good run for about 10 months, but is still lagging the underlying commodity itself. I expect the equities to outperform physical uranium in a similar fashion to what happened during 2021. Spot uranium is approximately $10
URNM moving on up We look to be completing a short term corrective wave here, turning long term resistance into support coinciding with URNM finding support at the .382 Fib Retracement level last week. While I don't love this recent week's candle I'm not too concerned and will look to top up should we touch the .5 an
URNM: Immediate potential to 55+, but if price breaks 10w MA......I cannot rule-out one final macro-decline wave towards support area 25-20.
I like the impulsive move from Mar. 2020 bottom towards Nov 2021 top, that had almost perfect match with the key Fibonacci retracements. Especially notice how Nov top at 51.75 coincides with 1.00% ext of wave (1) pro
Uranium Miner ETF 2 Year Resistance Breakout UPDATEHi Guys! This is a Technical Analysis Update on Sprott Uranium Miners ETF (URNM) on the 1 Week Timeframe.
URNM was able to BREAK Above the 2 year Resistance line and close Friday with a Strong body candle close.
It was accompanied with a VOLUME SPIKE, which shows follow through and supports price
URNMHi..everybody URNM is really susceptible to retrace from that peak.....dont jump on long boat now please consider now you should prepare yourself to gain from tiny short position ....Learn how to trade and educate yoursef that is the only way to rescue you in ruthless market.....
Goooooooos Luuu
This look like it go up!Buy this and you shall make money.
Bullish looking chart. Lots of consolidation, looks like it's finally breaking out.
Up up and away!
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.