URRE - Uranium Resources Fri 24'th Feb 2017
Stock analysis for Fri 24'th Feb 2017 (Updated daily)
Sell candidate since 2017-02-24
Uranium Resources Stock Analysis
Uranium Resources fell by -4.43% in the last day, from USD 2.03 to USD 1.94. The price has fallen in 6 of the last 10 days and is down by -4.43% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.61 million shares and in total, 1.97 million shares bought and sold for approx. USD 3.83 million.
Uranium Resources lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at USD 1.85 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 40.9% during the next 3 months and, with 90% probability hold a price between USD 2.61 and USD 5.24 at the end of this period.
There are few to none technical positive signals at the moment. Uranium Resources holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 USD 2.08 and USD 2.20. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday February 23, 2017, which indicates further falls 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.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at USD 1.75 and USD 1.70. On the upside the stock meets some resistance from accumulated volume at USD 2.34, USD 2.25 and USD 2.12.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Uranium Resources finds support just below today's level at 1.75. If this is broken, then the next support from accumulated volume will be at 1.70 and 1.51.
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 0.15 between high and low, or 8.11%. For the last week, the stock has had a daily average volatility of 13.02%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
The stockstock holds several negative signals and despite the positive trend we believe Uranium Resources to perform weak 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 recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.