AGE (ASX) Uranium price started to Boom

Originally posted by dc1234: ↑

Weekly Review U Stocks - 28th Jan 2022

Here is the weekly review figures and charts that I do every week. It is useful only for those interested in trading or those who hold multiple shares and based on performance would like to keep re-balancing as we go. As I have disclosed earlier I do hold a number of other U stocks besides AGE. This is the reason I include a number of other U Stocks in my analysis.

Here is the Figures and Charts that I would be elaborating:

Weekly Review

Key Observations:

Weekly Percentage change
Most stocks in decline. Only stocks up were AEE and TOE, both part of Global Fund inclusion
Across 15 U stocks I am tracking -the average percentage loss was 10%. Last week there was another loss of 9%.
After 4 weekly gains , now we have had 2 weeks of losses
AGE lost 14% for the week. Last week AGE had lost 10%
Friday we had a small rally, else the weekly figures would have looked more tragic
The Percentage of weekly losses has been bigger than the percentage of weekly gains - so we are losing ground
This week, nearly all ASX stocks got a beating, so we cannot attribute this to U stocks in specific

Yearly Percentage change
Most stocks are in red for the year
Average loss for 15 stocks I track is now 10%. So not a good beginning to the year
For the current year, only AEE, AGE and TOE in positive territory. Again to be noted they are part of Global fund inclusion
AGE is marginally in front with gain of 4% for the year. Last week AGE was ahead with 20% gain, so we lost fair bit
Last week we were sitting with 0% gain, so there was no loss

Percentage Drop from Highest SP reached after Boom Start
All stocks much below their highest SP
Average drop is 46% (last week was 40% - so further loss here)
AGE has dropped 50%. So now we are nearly in line with others
To note - In previous weeks Explorers were further down compared to Developers/Producers - that gap is also being closed

IMPORTANT NOTE
Explorers are most volatile
So chances are if things go well, they may provide highest gain
Conversely, if things don't go well, they may have larger drops compared to others
So an individuals risk appetite should determine which U stocks they want, based on their expectation of belief in the boom
Shares are in a downtrend
Shares included in Global Funds ETFs may do better than other U stocks

Personally
I had only a few trades this week
I have only picked one lot of AGE - still waiting to pick up the shares I sold couple of weeks back
Also sold some more LOT
Did not buy anything else
On an average, my holding is now 20% less in U stocks as it was say a few weeks back. Most of these are my trading stocks

Weekly Ahead

SP
After 4 weeks of Uptrend, we have now had 2 weeks of downtrend
AGE had made some good gains couple of weeks back. We have given back that gain
The key numbers for me, based on trading pattern and numbers that I follow are - 5.1, 5.9c , 6.7c, 7.8c. We need to cross 5.9c and move towards 6.7c.
I am hoping that with some strong buying, plus if ASX behaves, then there is a chance we may finish in 7s for the week
DOW/ASX is very volatile. Lots of talks around corrections/bear/recession etc. So we may see some more turbulence this week before it settles

U Futures Price

Price has moved at 44.85 - a loss of 55c from last week of 45.40. So now two weeks of decline
Sprott has continued to buy more this week but very small
I feel we price will hover around this level
Other factors will need to drive the Spot price, Sprott taking over fund, NYSE listing, EU taxonomy etc
For short term, I can't see any catalyst good enough to give a big boost

Prediction
I think we are now in a very volatile phase due to DOW plunging so caution is required. This is the same thing I wrote last week, and the DOW/ASX as well as U stocks have proven that it has remained for this week as well
US stocks are really not doing well and it has a big effect on ASX U Stocks
Many of the ASX U Stocks reached their late September 2021 figures. So we have nearly wiped out 4 months of gains. It will take now some time to get it back
Overall the sector is not doing well - in the short term. Many to note based on what strategy they have. I know many have long term strategy so it may not affect them that much, but there is no denial that the sector in January is not where I or many others had thought it will be 4 months back say in September - so that's a reality and some disappointment
I feel it will be a topsy turvy week and we may see some wild swings
I still don't see any strong bullish sentiment regarding U Future Price rise - most punters are resigned to this now
If ASX rebounds strongly, we could see some healthy gains
AGE and a few others because of inclusion in Global Fund may perform better than other stocks

Expand

What the Dow is only around 4% off it's high. To many bed wetters around who don't get it and have not been around for decades who don't understand that markets don't always head in one direction . Need to think 2/5 years down the track.

No.	Vol.	Price($)
13	569778	3.9¢

No.

Vol.

Price($)

569778

3.9¢

Price($)	Vol.	No.
4.1¢	309085	3

Price($)

Vol.

No.

4.1¢

309085

No.	Vol.	Price($)
13	569778	0.039
17	1678295	0.038
12	5113998	0.037
12	2540154	0.036
20	2074764	0.035

No.

Vol.

Price($)

569778

0.039

1678295

0.038

5113998

0.037

2540154

0.036

2074764

0.035

Price($)	Vol.	No.
0.041	309085	3
0.042	1235512	7
0.043	876786	6
0.044	1084179	8
0.045	2177851	14

Price($)

Vol.

No.

0.041

309085

0.042

1235512

0.043

876786

0.044

1084179

0.045

2177851

(20min delay)
Last 4.1¢		Change -0.001(2.38%)		Mkt cap ! $158.6M

Open	High	Low	Value	Volume
4.2¢	4.2¢	3.9¢	$119.7K	2.959M

Uranium price started to Boom, page-3288

Echo IQ tests show heart failure can be detected in 86% of cases with AI

Peninsula promises restart of Lance uranium project in Wyoming by the end of 2024

Metarock falls -10% as QLD regulator takes it to court over 2021 death of Graham Dawson – after raiding company offices

Centuria Capital tops Wealth Within's stock picks

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Uranium price started to Boom, page-3288

Top Stories

Echo IQ tests show heart failure can be detected in 86% of cases with AI

Peninsula promises restart of Lance uranium project in Wyoming by the end of 2024

Metarock falls -10% as QLD regulator takes it to court over 2021 death of Graham Dawson – after raiding company offices

Centuria Capital tops Wealth Within's stock picks

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News