Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of UEC
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Weaker technical forecast for Uranium Energy as stock downgraded to Sell Candidate.
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Uranium Energy stock price fell by -1.03% on the last day (Wednesday, 27th Mar 2024) from $6.77 to $6.70. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.33% from a day low at $6.61 to a day high of $6.83. The price has been going up and down for this period, and there has been a 3.24% gain for the last 2 weeks. Volume has increased on the last day by 534 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately $32.74 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.24% during the next 3 months and, with a 90% probability hold a price between $5.68 and $7.13 at the end of this 3-month period.

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UEC Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 6.69%. Further rise is indicated until a new top pivot has been found. 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 Uranium Energy 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 $6.76 and $6.84. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Uranium Energy stock

Uranium Energy finds support from accumulated volume at $6.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.220 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 3.84%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (UEC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Uranium Energy Corp to open at $6.71, and during the day (based on 14 day Average True Range), to move between $6.36 and $7.04, which gives a possible trading interval of +/-$0.343 (+/-5.11%) up or down from last closing price. If Uranium Energy Corp takes out the full calculated possible swing range there will be an estimated 10.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.44 (3.88%) than the resistance at $7.64 (14.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Uranium Energy Corp stock A Buy?

Uranium Energy holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.640 Sell Candidate Downgraded

Predicted Opening Price for Uranium Energy Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$6.71 ( 0.199%) $6.70

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for UEC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.93 3.48 %
R2 6.85 2.23 %
R1 6.80 1.45 %
Current price: 6.70
Support S1 6.63 -1.06 %
S2 6.58 -1.83 %
S3 6.49 -3.08 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.00 19.40 %
R2 7.77 15.97 %
R1 7.64 14.03 %
Current price 6.70
Support S1 6.44 -3.88%
S2 6.40 -4.48%
S3 6.37 -4.93%

FAQ

What is the symbol for Uranium Energy Stock and on which exchange is it traded?
The symbol for Uranium Energy is UEC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Uranium Energy Stock?
Uranium Energy holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Uranium Energy Stock?
Uranium Energy Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Uranium Energy Stock.

What's the current price of Uranium Energy Stock?
As of the end of day on the 2024-03-27, the price of an Uranium Energy (UEC) share was $6.70.

What is the 52-week high and low for Uranium Energy Stock?
The 52-week high for Uranium Energy Stock is $8.34 and the 52-week low is $2.30.

What is the market capitalization of Uranium Energy Stock?
As of the 2024-03-27, the market capitalization of Uranium Energy is 2.708B.

When is the next earnings date for Uranium Energy?
The upcoming earnings date for Uranium Energy is Jun 13, 2024.
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About Uranium Energy Corp

Uranium Energy Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase... UEC Profile

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