ΣL Uranium Composite - 21st November 2023 | @ 153 Days | + 7.28%
Last trade: + 7.28% | 'C' class signal detected in in Sigma-L Uranium Composite (NXE/DNN/UEC/CCJ/UUUU). Average wavelength of 153 days over 10 iterations since December 2019. Currently peaking
ΣL Cycle Summary
This wave, excellent in the period from 2020 to early 2023 and recently attenuated, is approaching a peak shortly (early December), via our composite which consists of prominent market participants. The move down from that point into the first quarter 2024 will help us lock back into the correct timing, assuming retained amplitude in the down leg. For now it retains the ‘C’ category rating due to the amplitude modulation seen during the very bullish recent uptrend. UEC, once again, has the most variance in amplitude and may well be the best choice for yield.
Trade Update
See also: Live ΣL Portfolio & History
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Late Buy - ΣL Uranium Composite 18th September 2023
Entry: 18th September, 2023
Exit: 21st November, 2023
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 (17.72%)
CCJ (10.34%)
DNN (9.09%)
NXE (1.90%)
UUUU (-2.67%)
Composite Average Gain:
7.28%
Current Signal Status
Defining characteristics of the component detected over the sample period.
Detected Signal Class: C - learn more
Average Wavelength: 152.62 Days
Completed Iterations: 10
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. If a second chart is displayed it will usually show high-passed price with the extracted signal overlaid for visual clarity.
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).
Phase: Approaching Peak
FM: +- 21 Days
AM: N/A (Composite)
Next Trough Range: 5th February - 18th March, 2024
Next Peak Range: 27th April - 8th June, 2024
Sigma-L Recommendation: Early Sell
Time Target: ~ 26th February, 2024
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.