ΣL Uranium Composite - 23rd April 2024 | @ 73 Days | + 9.04%

Last trade: + 9.04% | 'A' class signal detected in in Sigma-L Uranium Composite (NXE/DNN/UEC/CCJ/UUUU). Average wavelength of 73 days over 13 iterations since September 2021. Currently moving down.

Apr 23, 2024

∙ Paid

ΣL Cycle Summary

On first impression the most recent peak of this excellent and profitable wave in Uranium has been somewhat left translated, indicating a mildly bearish underlying trend. However the more powerful and longer component around 150 days is due to peak in June, so we may well get sideways price action within the composite as bullish power is dissipated. Price moved up through March and early April prior to forming the aforementioned peak of this wave. Within the composite Cameco (CCJ) outperformed whilst Energy Fuels Inc. (UUUU) dragged down the overall gain across our sector selection. It is important to note for subscribers that while amplitude (variance) in this case can be markedly different (UUUU vs CCJ), the frequency of the underlying periodic features driving timing is almost identical. Thus, is is important to consider which instruments within a sector will yield the best results for each leg of a move.

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: Buy - ΣL Uranium Composite 20th March 2024
Entry: 20th March, 2024
Exit: 22nd April, 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:
CCJ (17.52%)
DNN (14.84%)
UEC (8.48%)
NXE (8.1%)
UUUU (-3.71%)

Composite Average Gain:
9.04%

Before and After

Signal comparison between our last report and the current time, in chart format.

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.