UEC Momentum Builds Toward $16.50-$17.00 Zone
$Uranium(UEC)$
Uranium Energy Corp.(UEC) Surged +9.52%: Nuclear Fuel Giant Breaks Above $14, Analyst Targets Activated
Latest Close Data
UEC closed at $14.15 on December 12th, surging +9.52% ($+1.23) from previous close of $12.92.
The stock hit a daily high of $14.25, now sitting 20.5% below its 52-week high of $17.80.
Core Market Drivers
Nuclear energy sector momentum continues as uranium prices remain elevated amid global energy transition.
UEC's strong institutional backing with T. Rowe Price (12.28% stake) and Vanguard (7.39% stake) provides solid foundation.
Short volume spiked to 290.51M shares on December 10th, indicating potential squeeze dynamics.
Technical Analysis
Volume surged to 10.91M shares with 1.09x volume ratio.
RSI(6) at 64.20 shows healthy bullish momentum without being overbought.
MACD DIF turned positive at 0.224, signaling bullish crossover with DEA at -0.034.
KDJ indicators show K-line at 77.20, confirming upward momentum.
Key Price Levels
Primary Support: $12.03 (December 10th low) Strong Resistance: $13.63 (previous resistance level) Immediate Pivot: $14.25 (today's high and next resistance test)
Valuation Perspective
Current P/S ratio of 137.48x appears elevated for uranium sector, though reflects pre-revenue development stage.
P/B ratio of 5.21x reasonable for resource company with substantial uranium reserves and permits.
Analyst Targets
9 analysts covering UEC with average target price of $16.64. Price range spans $14.00-$19.75, with 8 "Buy" ratings and 1 "Hold". Current price at $14.15 sits at the lower end of analyst expectations.
Weekly Outlook
Expect continued momentum toward $16.50 resistance zone if volume sustains above 8M daily average.
Break above $14.25 could trigger run to analyst target range. Support confluence at $12.50-$13.00 zone.
Risk Disclaimer
Uranium stocks are highly volatile and subject to commodity price fluctuations. Past performance does not guarantee future results. Invest responsibly.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
