URNJ Sprott Junior Uranium Miners ETF Forecast, Technical & Fundamental Analysis

URNJ saw its Stochastic Oscillator leaves the overbought zone

The Stochastic Oscillator for URNJ moved out of overbought territory on November 29, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 8 similar instances where the indicator exited the overbought zone. In of the 8 cases the stock moved lower. This puts the odds of a downward move at .

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 29, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on URNJ as a result. In of 11 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where URNJ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

URNJ broke above its upper Bollinger Band on November 17, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for URNJ just turned positive on November 14, 2023. Looking at past instances where URNJ's MACD turned positive, the stock continued to rise in of 6 cases over the following month. The odds of a continued upward trend are .

URNJ moved above its 50-day moving average on November 09, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where URNJ advanced for three days, in of 52 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 28 cases where URNJ Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)