ΣL Uranium Composite - 28th October 2024 | @ 157 Days | + 26.06%
Last trade: + 26.06% | 'B' class signal detected in in Sigma-L Uranium Composite (NXE/DNN/UEC/CCJ/UUUU). Average of 157 days over 20 iterations since June 2020. Currently peaking
ΣL Cycle Summary
This excellent wave, stationary since 2020 and yielding large profits over the period over 10 iterations in our sample, shot up from the most recent trough in early August. Indeed the latest move up was the largest yielding up leg in our sample and also the largest since we began covering Uranium, some years ago. Across the composite amplitudes differ somewhat, with the more volatile UEC yielding over 40% from the latest up leg whilst a more modest, but still excellent, yield of over 17% came from UUUU during our latest trade period. This component is now due a peak and, given the dominance of this cycle, should be a signal that subscribers will heed. The more bullish scenario into late January will be a largely flat retrace, suggesting a larger component is still pushing up across the sector.
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 Buy - ΣL Uranium Composite 30th July 2024
Entry: 30th July, 2024
Exit: 28th October, 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:
UEC (44.73%)
CCJ (25.89%)
DNN (22.53%)
NXE (19.97%)
UUUU (17.17%)
Composite Average Gain:
26.06 %
Time Frequency Analysis
Time frequency charts (learn more) below will typically show the cycle of interest against price, the bandpass output alone and the bandwidth of the component in the time frequency heatmap, framed in white.
Before and After
Signal comparison between our last report and the current time, in chart format.
Current Signal Detail & Targets
Here we give more detail on the signal relative to speculative price, given the detected attributes of the component. In most cases the time target to hold a trade for is more important, given we focus on cycles in financial markets. Forthcoming trough and peak ranges are based upon the frequency modulation in the sample (learn more).
Detected Signal Class: B - learn more
Average Wavelength: 156.64 Days
Completed Iterations: 10Phase: Peaking
FM: +- 21 Days
Next Trough Range: 17th January - 6th February, 2025
Next Peak Range: 5th - 25th April, 2025
Sigma-L Recommendation: Early Sell
Time Target: ~ 27th January, 2025
Current Signal Phase
This is ‘how far along’ the cycle is in it’s period at now time and is related to the predicted price action direction.
Current Signal Frequency Modulation (FM)
This is how much, on average, the signal detected varies in frequency (or wavelength) over the whole sample. A lower variance is better and implies better profitability for the component. Frequency usually modulates relatively slowly and over several iterations.
Current Signal Amplitude Modulation (AM)
This is how much the component gains or loses power (price influence) across the sample, on average. Amplitude modulation can happen quite quickly and certainly is more evident than frequency modulation in financial markets. The more stable the modulation the better.