URRE - Uranium Resources Fri 20'th Jan 2017
Stock analysis for Fri 20'th Jan 2017 (Updated daily)
Hold candidate since 2017-01-20
Uranium Resources Stock Analysis
Uranium Resources fell by -12.69% in the last day, from USD 2.68 to USD 2.34. The price has fallen in 6 of the last 10 days , but is still up by 37.65% over the past 2 weeks. Volume increased in the last day by 2.39 million shares, but on falling prices. This is may be an early warning and risk is increased slightly for the next couple of days. In total, 8.58 million shares bought and sold for approximately USD 20.07 million.
Uranium Resources lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 60.5% during the next 3 months and, with 90% probability hold a price between USD 2.26 and USD 4.33 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday January 19, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Uranium Resources holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 2.61. On a fall, the stock will find some support from the long-term average at approximately USD 1.67. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
RSI14 is 63 and the stock is currently not being overbought or oversold
Support & Resistance
Uranium Resources finds support from accumulated volume at USD 2.33, USD 2.25, and USD 2.10. On the upside the stock meets some resistance from accumulated volume at USD 2.52, USD 2.68.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved USD 0.39 between high and low, or 17.73%. For the last week, the stock has had a daily average volatility of 27.88%.
Our recommended stoploss: USD 2.26 (-3.42%) ( based on support and risk)
Uranium Resources holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend a hold or accumulate position awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.