UEC, the decline catches its breath after the plunge
Uranium Energy bounces 2.5% off a double bottom, but the decline still holds
UEC, the decline catches its breath after the plunge
Our view last week
Uranium Energy breaks last week's standoff: after days squeezed into a tight band between the 10.46 and 10.57 areas, the stock plunges 11.9% and sellers take back control of the tape, with 77% of the week's volume on the sell side. Money flow slides deeper into negative territory and the MACD worsens: distribution is regaining momentum. The short, under management for 19 weeks, is still up more than 28%.
This week's summary
After last week's 11.9% plunge, Uranium Energy stock bounces 2.5% off a clean double bottom in the 9.3 area, with an 8% intermediate rebound. Sellers still dominate but carry less weight (62% of volume, against 77% the week before), and money flow stays negative, though less deeply so. The short, under management for 20 weeks, is still up more than 26%: early signs of fatigue, but the bearish structure holds.
IQS Phase
68
in tension
Signal Strength
36
decline losing steam
Sizing
REDUCED
Ranking
#75 / 141
US stocks
Trade P&L %
+26.45%
from signal to today
Rank position
ranks 75th among the 141 sell signals for US stocks in our ranking, with a signal strength of 36 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein positive regime
Performanceweekly +1.44% · monthly +0.20%
UEC belongs to the materials sector (reference ETF XLB). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content