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