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 URG
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Ur-Energy Inc. (USA) stock upgraded to Hold/Accumulate.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

The Ur-Energy Inc. (USA) stock price fell by -0.629% on the last day (Wednesday, 27th Mar 2024) from $1.59 to $1.58. During the last trading day the stock fluctuated 2.56% from a day low at $1.56 to a day high of $1.60. The price has risen in 5 of the last 10 days and is up by 6.76% over the past 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 -68 thousand shares and in total, 1 million shares were bought and sold for approximately $2.29 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 -5.90% during the next 3 months and, with a 90% probability hold a price between $1.35 and $1.82 at the end of this 3-month period.

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URG Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 8.97%. 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 Ur-Energy Inc. (USA) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.62. On a fall, the stock will find some support from the short-term average at $1.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Ur-Energy Inc. (USA) stock

Ur-Energy Inc. (USA) finds support from accumulated volume at $1.57 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 $0.0400 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 4.46%.

Our recommended stop-loss: $1.51 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Ur-Energy Inc. (USA) to open at $1.58, and during the day (based on 14 day Average True Range), to move between $1.50 and $1.66, which gives a possible trading interval of +/-$0.0797 (+/-5.04%) up or down from last closing price. If Ur-Energy Inc. (USA) takes out the full calculated possible swing range there will be an estimated 10.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.59 (0.63%) than the support at $1.57 (0.63%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Ur-Energy Inc. (USA) stock A Buy?

Ur-Energy Inc. (USA) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.525 Hold/Accumulate Upgraded

Predicted Opening Price for Ur-Energy Inc. (USA) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.58 ( 0%) $1.58

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

Trading levels for URG

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.62 2.53 %
R2 1.60 1.56 %
R1 1.60 0.97 %
Current price: 1.58
Support S1 1.56 -0.97 %
S2 1.56 -1.56 %
S3 1.54 -2.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.75 10.76 %
R2 1.73 9.49 %
R1 1.59 0.633 %
Current price 1.58
Support S1 1.57 -0.633%
S2 1.50 -5.06%
S3 1.48 -6.33%

FAQ

What is the symbol for Ur-Energy Inc. (USA) Stock and on which exchange is it traded?
The symbol for Ur-Energy Inc. (USA) is URG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Ur-Energy Inc. (USA) Stock?
Ur-Energy Inc. (USA) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Ur-Energy Inc. (USA) Stock?
As of the end of day on the 2024-03-27, the price of an Ur-Energy Inc. (USA) (URG) share was $1.58.

What is the 52-week high and low for Ur-Energy Inc. (USA) Stock?
The 52-week high for Ur-Energy Inc. (USA) Stock is $2.01 and the 52-week low is $0.82.

What is the market capitalization of Ur-Energy Inc. (USA) Stock?
As of the 2024-03-27, the market capitalization of Ur-Energy Inc. (USA) is 447.785M.

When is the next earnings date for Ur-Energy Inc. (USA)?
The upcoming earnings date for Ur-Energy Inc. (USA) is May 06, 2024.
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About Ur-Energy Inc. (USA)

Ur-Energy. (USA) Ur-Energy Inc. engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 48,000 acres located in the Great Divide Basin, Wyoming. The company was incorpor... URG Profile

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