Uranium

Uranium closed up by 0.0% to 32.55 on 23 January 2021 and +0.0% on a weekly basis. Uranium momentum was last calculated at -100.0/100 indicating negative momentum. Uranium trend is +0.0/100 indicating a positive trend. Uranium momentum exhaustion is 0.41843 indicating Uranium is oversold.Uranium RSI is 38.3456 .

Uranium Chart

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Date Value
27/09/2021 43,05
24/09/2021 44,30
23/09/2021 48,05
22/09/2021 49,40
21/09/2021 49,75
20/09/2021 49,90
17/09/2021 50,80
16/09/2021 49,65
15/09/2021 48,55
14/09/2021 44,90

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Uranium

Uranium ]Statistics

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Uranium UX 32.55 -1 0 0.41843 38.3456 0 0 6.03 0.17417

Uranium closed at 32.55 on 23 January 2021. Uranium trend was last calculated at +0.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Uranium momentum was last calculated at -100.0/100 (range: -100 to +100) indicating negative momentum. Uranium momentum exhaustion is 0.41843 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Uranium is oversold and a possible reversal is imminent. Uranium RSI was last calculated at 38.3456. Uranium moving averages were last recorded as follows: 1-month moving average: 29.97 in a downtrend , 1-quarter moving average: 31.3567 in a downtrend and 1-year moving average: 28.4429 in an uptrend. Uranium annual return was last recorded at None%, daily return was last recorded at 0.0%, and weekly return was last recorded at 0.0%. Uranium histrorical 20-day volatility was last recorded at 19.091%, Uranium alpha None, Uranium beta None and Uranium maximum drawdown was recorded at None%. MacroVar models monitor Uranium statistics based on historical data since 1970.

Uranium Trading Signals

MacroVar estimates the following signals: Uranium momentum, Uranium trend, Uranium oscillator, Uranium RSI and Uranium returns.

Uranium Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar Uranium momentum signal ranges from -100 to +100. The Uranium momentum signal is derived as the mean value from 4 calculations for the China Import Dry Bulk Freight Index CDFI. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Uranium return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Uranium BADI momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Uranium momentum signal moves from positive to negative value or vice-versa.

Uranium Trend

Uranium trend signal ranges from -100 to +100. Uranium trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Uranium Closing price vs Uranium moving average (MA) calculation: If Uranium is greater than Uranium MA value is +1, else -1, 2. Uranium Moving average slope calculation: if current Uranium moving average is higher than the previous MA, Uranium upward slope +1, else -1
Uranium trend model can be used as a trend strength indicator. Uranium trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Uranium trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Uranium 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Uranium is in an uptrend when Uranium price is higher than the 52-week moving average and the Uranium 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Uranium oscillator and Uranium RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Uranium Oscillator

The Uranium oscillator estimated by MacroVar is the z-score of the current Uranium price versus Uranium 1-year simple moving average price. The formula for the Uranium oscillator is:
Uranium oscillator = (Current Price – 250 trading days Uranium simple moving average price) / (250 days Uranium price standard deviation)

Uranium oversold conditions
Uranium is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Uranium is oversold it is often due for a rebound. Values of the Uranium oscillator lower than -2.5 signify oversold conditions. It must be noted that the Uranium oscillator must be analyzed ibn conjunction with the rest of Uranium quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Uranium RSI.
Uranium overbought conditions
Uranium is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Uranium is overbought it is often due for a correction. Values of the Uranium oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Uranium quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Uranium RSI Indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Uranium is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Uranium uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Uranium Returns

MacroVar calculates Uranium returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Uranium returns = (Uranium Closing Price Previous Price)/(Uranium Previous Price)

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