ΣL Uranium Cycles - 13th January 2025 | @ 159 Days | + 15.51%
Last trade: + 15.51% | 'B' class signal detected in in Sigma-L Uranium Composite (NXE/DNN/UEC/CCJ/UUUU). Average cycle wavelength of 159 days over 10 iterations since June 2020. Currently troughing
ΣL Cycle Summary
Overall, uranium bulls can be fairly happy with the down-leg of this hugely profitable cycle, at around 150-160 days wavelength. Although within individual instruments the retrace has varied in severity, across the sector as a whole and reflected in our composite price has moved to around 50% of the previous up-leg. We are now within the troughing zone for the latest low of this component. A move back and beyond the peaks of November within the first month of the up leg will be a bullish sign for the prospect of further highs. A sideways price action structure within the up-leg (failing to breach the November highs quickly) will start to suggest any significant upside is delayed until mid 2024 and the next trough of this wave.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Early Sell - ΣL Uranium Composite 28th October 2024
Entry: 28th October 2024
Exit: 13th January 2024
For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.
Constituent Gain:
UUUU (21.64%)
DNN (15.27%)
UEC (14.36%)
CCJ (13.51%)
NXE (12.77%)
Composite Average Gain:
15.51 %