Weekly Review U Stocks - 21st 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.
I was very impressed by credentials of Andrea - including being honoured as Exceptional Women in Resources. She has extensive experience in U sector. This gives me a signal that Greg feels Samphire is looking very good - so I have a feeling we may be pleasantly surprised. At due time market will take note and reward us.
For those just wanting to do a light reading, a quick snapshot can read this (couple of months old but very relevant)
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From previous week, I have removed Significant Downtrend (26/11) and Boom Start (27/08) trends as I feel we are past them.Here is the Figures and Charts that I would be elaborating:
I have covered following:Weekly Percentage changeYearly Percentage Change for 2022
- Percentage Drop from Highest SP reached to current SP
- Last Year 2021 final results
Key Observations:
Weekly Percentage change
- Most stocks in decline
- Across 15 U stocks I am tracking -the average percentage loss was 9%. Last week there was a gain of 2%.
- After 4 weekly gains this was first decline across U stocks
- AGE lost 10% for the week. Last week AGE had gained 24% - so after 4 weeks we had a down week
- We got an update from Greg this week which looked very bullish
Yearly Percentage change
- Most stocks are in red for the year
- There is no gain or loss across 15 stocks
- AGE is leading the pack with gain of 20% for the year.
- Only AEE is also doing well till now, but others are struggling
Percentage Drop from Highest SP reached after Boom Start
- All stocks below their highest SP
- Average drop is 40% (last week was 34% - so further loss here)
- AGE has dropped 43%. 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
MPORTANT 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
Personally
- I had only a few trades this week
- After having sold around 25 % of my AGE previous week, I have only picked one lot of AGE - still waiting
- Also sold 1 lot of VMY, LOT
- Did not buy anything else
Weekly Ahead
SP
- After 4 weeks of Uptrend, it looks like we are in a downtrend as of last week
- AGE has made some good gains but I feel we are at crossroads. There may be a slight phase of consolidation as 50% jump is good in a short time. So expecting to see some swing
- The key numbers for me, based on trading pattern and numbers that I follow are - 5.9c , 6.7c, 7.8c and 9.2c. We need to hold 6.7c.
- AGE may get included into the Global ETF fund. Depending on % of fund expecting average around 0.5% but could be slightly low lower. 0.5% is nearly $6m, so depending on what price we are, the fund may buy up to 80-100m shares which should also provide a short term boost
U Futures Price
- Price has moved at 45.40 - a loss of 1.10 from last week of 46.50
- 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
Prediction
- I think we have entered a very volatile phase due to DOW plunging so caution is required
- US stocks are not doing well and it has a big effect on ASX U Stocks
- Some of the ASX U Stocks like BMN, PDN etc are near the lowest numbers of last couple of months
- 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 SP rise - most punters are resigned to this now
- AGE has a chance that it may defy the trend due to its inclusion into Global Fund and Drill results
- Forums
- ASX - By Stock
- AGE
- Uranium price started to Boom
Uranium price started to Boom, page-3242
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Last
6.2¢ |
Change
-0.001(1.59%) |
Mkt cap ! $241.3M |
Open | High | Low | Value | Volume |
6.3¢ | 6.4¢ | 6.0¢ | $549.7K | 8.872M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 2270990 | 6.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.2¢ | 773179 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 2172969 | 0.061 |
24 | 1467580 | 0.060 |
13 | 1314523 | 0.059 |
14 | 1045992 | 0.058 |
13 | 873437 | 0.057 |
Price($) | Vol. | No. |
---|---|---|
0.062 | 792178 | 11 |
0.063 | 1044932 | 13 |
0.064 | 1977498 | 14 |
0.065 | 2626027 | 18 |
0.066 | 1578424 | 7 |
Last trade - 13.18pm 02/05/2024 (20 minute delay) ? |
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Last
6.1¢ |
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Change
-0.001 ( 3.63 %) |
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Open | High | Low | Volume | ||
6.4¢ | 6.4¢ | 6.1¢ | 5270446 | ||
Last updated 13.33pm 02/05/2024 ? |
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RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
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