Sprott Physical Uranium Trust Fund Stock Forecast
Sprott Physical Uranium Trust Fund stock price ended at $18.57 on Friday, after losing 3.78%.
(Updated on Jun 28, 2024)
The Sprott Physical Uranium Trust Fund stock price fell by -3.78% on the last day (Friday, 28th Jun 2024) from $19.30 to $18.57. During the last trading day the stock fluctuated 5.12% from a day low at $18.55 to a day high of $19.50. The price has been going up and down for this period, and there has been a -2.01% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 86 thousand shares were bought and sold for approximately $1.60 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.01 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.51% during the next 3 months and, with a 90% probability hold a price between $16.12 and $19.46 at the end of this 3-month period.
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SRUUF Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sprott Physical Uranium Trust Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.26 and $20.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -9.19%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Sprott Physical Uranium Trust Fund stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.95 between high and low, or 5.12%. For the last week, the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRUUF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sprott Physical Uranium Trust Fund to open at $18.87, and during the day (based on 14 day Average True Range), to move between $17.79 and $19.35, which gives a possible trading interval of +/-$0.783 (+/-4.22%) up or down from last closing price. If Sprott Physical Uranium Trust Fund takes out the full calculated possible swing range there will be an estimated 8.43% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $20.74, some $2.17 (11.69%) from the current price of $18.57, our system finds the risk reward not very attractive.
Is Sprott Physical Uranium Trust Fund stock A Buy?
Sprott Physical Uranium Trust Fund holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.787 Sell Candidate Unchanged
Predicted Opening Price for Sprott Physical Uranium Trust Fund of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $18.87 ( 1.63%) | $18.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRUUF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.82 | 6.75% |
| R2 | 19.46 | 4.80% |
| R1 | 19.24 | 3.59% |
| Price | 18.57 | |
| S1 | 18.51 | -0.321% |
| S2 | 18.29 | -1.53% |
| S3 | 17.92 | -3.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 22.70 | 22.24% |
| R2 | 20.85 | 12.28% |
| R1 | 20.74 | 11.69% |
| Price | 18.57 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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