MACD Divergence, Downward Channel, Possible Bullish MomentumOf course, do your own research.
Just for fun and to paper trade for practice.
Not a recommendation of trading with real money.
NXE trade ideas
$NXE continues to hold longterm monthly trendlineWe are seeing continuing pressure from the US to secure it's uranium supply as Russia hints at at restricting supply.
Nexgen's The Rook I Project (Project) is the largest development-stage uranium project in Canada. The proposed new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin; located in Saskatchewan – a premier mining jurisdiction.
Centred around the land-based, basement-hosted Arrow Deposit – one of the world’s leading resources – the Project maintains a robust economic profile and is being developed with elite ESG commitments focused on environmental protection and maximizing community benefit through a partnership approach.
(NXE) NexGen EnergyThis is a month calendar of NexGen Energy -- only gains.
My buy price in 2020 was $1.3; There is no telling what will happen in the future of a stock price. This would have been a keeper. Most stocks are losers. Not this one.
Because I don't actually trade stocks don't take this post as any measure of knowledge about the stock.
NXE - Good earnings could lead to big profitsI like this chart a lot. Definitely a few resistance zones to watch out for above us (i.e green top of green tapered buying channel that has bounced us a few times) but we are within our strong purple buying continuation channel which is exactly what is needed to take us out of this resistance level.
We are also digging at the bottom of our controlled selling yellow channel with support from purple and teal continuation - so with good earnings expectations this could be a good level to enter at.
As always, will keep you posted once news is released and price continues to develop!
Happy Trading :)
ENERGY GOING DOWN?!?!
Fundamentals: Friday 1/12: 17.111M AVG: 5.304M
Technicals: waiting for this trend line touch on the RSI
Bearish Divergence
Bearish rising wedge
Approaching QP and PRZ zone from the initial bounce/extension
NexGen Energy: Riding the Uranium Boom with Bullish Prospects
The uranium market is experiencing a remarkable surge, and investors are taking notice of the impressive upside potential in uranium stocks. Among the major player leading the charge is NexGen Energy (NYSE: NYSE:NXE ). NexGen Energy (NYSE: NYSE:NXE ) have witnessed share price gains ranging from 7% to 12%. The catalyst behind this rally is the soaring uranium prices, which have reached their highest levels since 2007. We will delve into the factors driving this bullish trend and specifically focus on the prospects for NexGen Energy.
Surging Uranium Prices:
One of the primary drivers behind the recent surge in uranium stocks is the significant increase in uranium prices. Analysts suggest that the fundamentals of the uranium sector are experiencing a dramatic improvement due to tight supply and ongoing supply chain disruptions. The prices have risen to around $92 per pound, and there are indications that they could reach $105 per pound before settling at a longer-term average of $70 per pound. This price projection is significant for uranium producers, as it could make them highly profitable after enduring years of lower commodity prices.
Key Catalysts for Uranium Price Growth:
Analysts point to three key catalysts that could drive uranium prices even higher. Firstly, there is a surge in investment fund volumes entering the uranium space, signaling increased investor interest and confidence in the sector. Secondly, higher electricity prices are making uranium prices more attractive on a relative basis, creating a favorable environment for uranium producers. Lastly, lower inventories and production risks are supporting prices, contributing to the positive outlook for the sector.
Legislative Impact:
The potential legislation around banning Russian imports of uranium is another factor that could bolster the uranium sector. Investors are closely monitoring developments in this area, as such a move could further strengthen the market dynamics for North American producers, including NexGen Energy ( NYSE:NXE ).
NexGen Energy's Technical Outlook:
NexGen Energy's stock is riding a rising trend channel in the medium to long term, indicating positive development and increasing buy interest among investors. The recent positive signal from a rectangle formation, marked by a breakout through the resistance at $7.03, suggests further potential for a rise to $7.90 or beyond. The absence of significant resistance in the price chart further supports the indication of a continued rise. In the event of a negative reaction, the stock has support at approximately $6.36.
Conclusion:
As the uranium market experiences a resurgence, NexGen Energy ( NYSE:NXE ) appears well-positioned to capitalize on the bullish prospects in 2024. With rising uranium prices, increased investor interest, and favorable technical indicators, NexGen Energy is navigating a positive trajectory in a sector that is becoming increasingly attractive for investors seeking strong secular growth tailwinds. The recent valuation boost across the uranium sector reflects a renewed optimism among investors, marking a significant turnaround from the challenges faced in previous years. As the global focus on clean energy intensifies, uranium producers stand to benefit, and NexGen Energy is poised to be a key player in this transformative journey.
$NXE Unveiling the Untapped Potential
In the dynamic world of stock markets, finding a hidden gem can be a game-changer for investors seeking lucrative opportunities. One such gem that has been making waves lately is NYSE:NXE , and there's a compelling case for investors to consider it as a prime addition to their portfolios. As we delve into the intricacies of NYSE:NXE 's recent performance and future prospects, it becomes evident that now is the opportune moment to seize the potential gains that this stock has to offer.
1. A History of Value Appreciation:
NYSE:NXE has consistently demonstrated its ability to command higher prices over time. This upward trajectory is indicative of a company experiencing positive development. Investors who have been part of this journey have seen their investments appreciate in value, and the trend suggests that there's more growth on the horizon.
2. Riding the Rising Trend:
The stock is currently nestled comfortably within a rising trend channel in the medium to long term. This is a powerful indicator of sustained positive sentiment and increasing buy interest among investors. Riding on this rising trend, NYSE:NXE has not only met but exceeded the objective at 6.86, signaling a break of the rectangle formation. Despite a recent dip, the formation strongly suggests that further ascent is imminent.
3. Technical Analysis Points Towards Potential Upside:
Technically speaking, there is no discernible resistance in the price chart. This absence of significant roadblocks further amplifies the case for potential upside. The recent price correction should be viewed as a temporary setback rather than a cause for concern, especially when the overall chart pattern points towards a continuation of the upward trajectory.
4. Supportive Foundations:
In the event of a negative reaction in the market, NYSE:NXE boasts solid support at approximately $6.37. This provides investors with a safety net, ensuring that even in the face of short-term fluctuations, the stock has a foundation to bounce back from.
5. Future Growth Prospects:
Beyond the immediate trends, NYSE:NXE 's business fundamentals and growth prospects add another layer of attractiveness. The company's strategic positioning, innovative initiatives, and industry trends suggest that it is poised for robust growth in the coming months and years.
Conclusion:
In the world of investing, timing is everything, and the current scenario paints a compelling picture for $NXE. The historical value appreciation, the ongoing rising trend, and the absence of significant resistance in the chart all point towards a stock that is ready to soar.
As with any investment, it's crucial for investors to conduct thorough research and consider their risk tolerance. However, for those looking to capitalize on an emerging opportunity, NYSE:NXE stands out as a stock with tremendous potential. The recent dip is not a red flag but a green light for buyers to take advantage of an opportune entry point.
NexGen Receives Environmental Assessment ApprovalCanadian uranium miner NexGen Energy has received Saskatchewan's environmental assessment (EA) approval to proceed with the development of its 100%-owned Rook I Project.
The Rook I Project, which has a total initial capex of C$1.3 billion ($943 million), is the largest development-stage uranium project in the country.
NexGen said it was the first company in more than two decades to receive full provincial EA approval for a greenfield uranium project in Saskatchewan.
The approval will allow the company to progress with securing other provincial and federal approvals to construct the project.
Demand for uranium from nuclear reactors is expected to climb by 28% by 2030 and nearly double by 2040 as governments ramp up nuclear power capacity to meet zero-carbon targets, according to a report by the World Nuclear Association (WNA).
Technical Analysis
Price Momentum
NXE is trading in the middle of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.
Our first stock tradeLong allllll the way baby 24,000 shares currently.....shame about the lack of dividends
NXE (Uranium play) bull flagging to set up coming +/-20% gainsI bought NXE today at 4.05 after seeing this nice bull flag setup. I am targeting 5 as a sell target, approximating at 20% gain from my buy point, which could be undercut on Monday. Notice two days of significantly increased volume: 1st on attaining a higher high on 7/27, than again on 7/29 representing the breakout and follow through from the down sloping trendline. Additionally, NXE has been out pacing the S&P 500 since its (NXE's) closing low on July 5th (comparison not shown on the chart). Could be a sign of things to come.
$NXE - Nice Swing Trade set up on NexGen Entry points are $4.89 - 4.96. Ride to the top of the channel.
NXE New All Time Highs Soon?*NXE getting closer to a New All Time Highs
*6 Month Long Base
*Price above 200DMA
*Volume picking up
*Measured target for this move 9.30$
Nexgen LongI have been waiting for a clear signal from the uranium industry for a while now, and it's hard to ask for a better set-up than what we are seeing on Nexgen. First we have a capitulation zone (red square) and then a bar close inside the range. Then we have a break out to the upside from the channel, followed by a successful retracement and new highs. Holding this for a few years most likely, but I wouldn't be surprised if this turned into a 5 or 10 bagger.
NexGen Energy$NXE.to $NXE in no mans land but RSI holding above breakout. Watching TEPCO, $CCJ, $U.to and $GCL.L for cues. All seem to be holding up well despite broad sector weakness.
NXE.TO Breaks Out This Morning. Another Wave Up.Stock broke out of a consolidation this morning triggering the long trade.
Long-term uptrend but stock recently sustained a deep pullback. The recent price action indicates that pullback could be over and another wave to the upside is starting. Conservative target is below early 2017 peak. More aggressive target is above that peak. Can also use ATR Stops--wait for a daily close below the indicator line, then place the stop loss just below the low of that day.
