ΣL Uranium Composite - 26th February 2024 | @ 154 Days | + 10.69%

Last trade: + 10.69% | 'C' class signal detected in in Sigma-L Uranium Composite (NXE/DNN/UEC/CCJ/UUUU). Average of 154 days over 9 iterations since December 2019. Currently approaching a trough

ΣL Cycle Summary

Although not nearly as stationary as the almost metronomic wave around 77 days, this component, running at around 150 days average wavelength since our sample from 2019, is well worth taking note of. Recently amplitude modulated by the strong uptrend that started April 2023, the period prior to that was exemplary in it’s signal quality, exhibiting several stable iterations in the period Jul 2021 to around May 2023. It is likely that this wave will form a phase cluster (when several periodic components have ‘synchronised’ peaks or troughs) with the aforementioned shorter wave around 77 days, providing additional power when the trough comes, currently slated for mid March. We are certainly well within the modulation margin of error for this wave (around 20 days) and Uranium bulls should be on the lookout for a chance to enter back long, utilising the shorter component as a more precise marker in the weeks to come. This is classed as an early buy due to the uncertainty in phase from the increased amplitude modulation, more detail below. Amongst our composite of sector measures over the period, Energy Fuels Inc. (UUUU) was most bearish and has been for some time, whilst Next Gen Energy Ltd. (NXE) managed a small upturn since the last report.

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 report for this instrument, linked below.

Type: Early Sell - ΣL Uranium Composite 21st November 2023
Entry: 21st November, 2023
Exit: 26th February, 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:
UUUU (31.22%)
CCJ (13.29%)
DNN (6.45%)
UEC (4.59%)
NXE (-2.11%)

Composite Average Gain:
10.69%

Before and After

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