URNM's RSI Oscillator ascends from oversold territory
The RSI Indicator for URNM moved out of oversold territory on December 31, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In of the 24 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 02, 2025. You may want to consider a long position or call options on URNM as a result. In of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for URNM just turned positive on January 02, 2025. Looking at past instances where URNM's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where URNM advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 59 cases where URNM's Stochastic Oscillator exited the overbought zone, the price fell further within the following 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 URNM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for URNM entered a downward trend on January 08, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category NaturalResources
URNM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, URNM has been closely correlated with URA. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if URNM jumps, then URA could also see price increases.
| Ticker / NAME | Correlation To URNM | 1D Price Change % | ||
|---|---|---|---|---|
| URNM | 100% | +1.75% | ||
| URA - URNM | 97% Closely correlated | +2.45% | ||
| COPX - URNM | 49% Loosely correlated | +0.50% | ||
| LIT - URNM | 48% Loosely correlated | +1.59% | ||
| BATT - URNM | 40% Loosely correlated | +0.55% | ||
| GUNR - URNM | 40% Loosely correlated | +0.61% | ||
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