Get started
URANIUM ENERGY CORPURANIUM ENERGY CORPURANIUM ENERGY CORP

URANIUM ENERGY CORP

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

U6Z trade ideas

UEC support zone and current pictureUEC passed through the last zone of support, and found it again at $3.54. The 1D chart shows this is within the regression trend, and if the trend continues the next move should bring it to $3.80 or so. At this point, I hope to see it exit the channel to the upside, but there is now a resistance line at $3.90. However, given the global energy picture and US policy, the future seems secured for uranium. "Uranium futures traded around $46 per pound, not far from the 2-week high of $48.15 touched on November 15th, as investors anticipate uranium demand to rise as energy firms are set to phase down coal usage following the COP26 deal in Glasgow. Recently, China reported plans to build up to 150 new nuclear reactors over the next 15 years, while Japan plans to put 30 reactors back to activity to meet emission goals. On the corporate front, the TSX-listed Sprott Physical Uranium Fund has gained 44% since its inception in July, while NYSE MKT-listed Uranium Energy has acquired USD 112 million in uranium assets from Uranium One, the world’s fourth-largest uranium producer. Meanwhile, the World Nuclear Association projects uranium demand to reach 206 million pounds in 2030 and supply to drop 50% by 2030 due to lack of investment in new mines." (tradingeconomics.com). Uranium price is is down from the global ATH of $140/lb in 2007, and emission requirements and anti-oil and coal policy make it attractive.
AMEX:UECLong
by Aps3
1
Uranium Energy looking good for another move up. UECThis is an upward zigzag being formed here, nearing confirmation of an upward Wave C. The most recent ?1 of ?C looking impulsive. If we are right, Fibonacci form the goal posts for a few target in place. Good luck! We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
AMEX:UECLong
by Rykin_Capital
UEC: Cup'n Handle (45%), Ascending Triangle (72%)Uranium Energy is in a continued uptrend with the current materials shortage and inflation. This is shown on the two followin graphs: 1- Cup'n Handle on the daily chart, confirmed, with a price target of 5.22$ (Left graph). 2- Ascending triangle on the weekly chart , confirmed, with a price target of 5.98$ (Top right graph). The two graphs are a bit late in the game as most of the uptrend has already happened. But there is still some room to go. Caution: The Weekly chart of the sector (Materials, bottom right) has hit resistance at 551.50$. This resistance must be broken (up) to confirm a continued uptrend in the materials sector. Failure to break may indicate a price action reversal . Stay humble, have fun, make money!
AMEX:UECLong
by LeLaf
2
UEC Uranium about to resume upward moveUEC recently formed a double bottom on the daily chart. Confirmation of the double bottom should happen when the peak in between the bottoms is broken. That recently happened when $2.37 was broken. The double bottom also touches off the 0.618 fib retracement level after a strong run up beginning in November and ending in June. The price action has poked its head above the 200 SMA which I take as a bullish sign. Price has dipped since the open today. I will look to place a stop buy around today's high of $2.48 to see the upward momentum continue. By this time the 9 and 21 SMAs will likely have crossed. Note this happened in July also above the 200 SMA but price fell to make the second bottom. Interested in your views, opinions, correction and alternative ways at looking at this.
AMEX:UECLong
by JBlack99
Will the 200 D SMA Hold as Support?Relatively new to TA analysis so would appreciate any feedback/correction/support but go easy on me as I'm still learning. The title and chart are pretty self explanatory. Things to Note (deprecating factors first): -We broke the upwards trend line and saw a dramatic selloff -Below 50 D SMA -MACD divergence possibly coming soon -RSI is in oversold territory -Trend line since March 20' coming to meet price as support I know it's not much but it's just a quick analysis and publishing to get feedback and learn. Thanks!
AMEX:UEC
by Exile-Finances