Uranium Companies

There are very few pure uranium companies. Most companies, especially the small exploration type, are active in more than the uranium industry. This blog makes no attempt to guage the percentage of a companies activity that are related to the finding, mining or processing of uraniun. They all do, however, have some uranium activities (to the best of our review).

Merv's Uranium Indices

I have developed two Uranium Indices. They each have the same component stocks but are calculated using different methodologies. My weekly Index is based upon the average weekly performance of the component stocks. My daily Index is based upon the daily average of the component stocks open, high, low and close prices along with the daily average volume of all component stocks.

Click on the chart or table to enlage the view.

13 December 2009

Merv's Weekly Commentary 13 Dec 2009

Merv’s Weekly Uranium Review
for week ending 11 December 2009

Merv’s Daily Uranium Index
Market Data for Friday 11 Dec 2009

Open: 179.24
Hugh: 180.74
Low: 175.87
Close: 178.07
Volume: 4689

Note that the volume is an average volume of round lot sales for the 50 component stocks. For total volume, multiply by 5000.

Note that additional charts of the Daily and Weekly Indices were posted earlier and should be viewed during this commentary.

Another week and another ho-hum. Nothing interesting has been taking place, except some individual stock action. Nothing as a general uranium stock market move is taking hold. Until the Daily Index goes through either the 197 on the up side or 151 on the down side we will continue to be lulled to sleep with the continuing action. I guess for encouragement one can look at the continuing higher and higher lows being made by the Index but what would b e more encouraging would be to see a new recovery high being made.

Friday was another very, very minor down day. The Merv’s Daily Uranium Index closed lower by 0.28 points or 0.15%. Almost nothing. The winners and losers weren’t any great shakes either. There were 18 winners, 20 losers and 12 sitting around whistling in the wind. The top five stocks by market value showed a little more spunk, up and down. Cameco gained 1.3%, First Uranium gained 2.3%, Paladin lost 3.4%, Uranium One lost 2.0% and Uranium Participation gained 0.8%. The best winner of the day was RPT Uranium with a gain of 10.3% while the loser of the day was Formation Capital with a loss of 6.4%.

For the week as a whole the Merv’s Weekly Uranium Index closed lower by 144.83 points or 2.59%. There were 11 winners, 36 losers and 3 sitting on the sidelines. All five of the top stocks by market value were losers. Cameco lost 0.2%, First Uranium lost 7.6%, Paladin lost 8.1%, Uranium One lost 3.5% and Uranium Participation lost 4.0%. The best winner of the week was Benton Resources with a gain of 22.8% while the loser of the week was Uranium Resources with a loss of 14.7%.

On the long term nothing has changed in the indicators or ratings during the week. It wouldn’t take much, however, to change some of the indicators. For now we continue with both the Weekly and Daily Indices being above their long term positive sloping moving average lines. The momentum indicators continue to do their own thing between the Daily and Weekly Indices. The Weekly Index momentum remains in its positive zone while the Daily Index momentum remains in its negative zone. The Daily could, with very little upside action, move into the positive so we’ll just have to wait and see if this happens. Although the volume indicator continues in a basic lateral direction it did peak its head very slightly into new all time highs on Thursday. It remains above its positive sloping trigger line. The long term rating remains BULLISH for now.

On the intermediate term we have the Daily Index just above its positive sloping moving average line. The momentum indicator remains in its positive zone but also below its negative trigger line. The volume indicator remains positive and above its positive trigger line. All remains in place for a still BULLISH intermediate term rating.

On the short term the Daily Index is struggling to keep above its positive sloping moving average line. Any drop below the line would probably turn the average downward also. The momentum indicator is sitting almost on top of its trigger line but is in fact slightly below it. The trigger is still pointing downward. The indicator itself remains in its positive zone. As for the daily volume action, ignoring yesterday’s upside spike due to one stock’s action, it remains low and what one would expect. Nothing unusual here. Overall, the short term rating remains BULLISH.

The Stochastic Oscillator has just touched its neutral line and closed a hair above the line. It is trending upward and is above its trigger line. The very short term moving average line remains above the short term line suggesting, along with the SO, that the direction of least resistance should be to the up side. I don’t see anything in the trading data to suggest a real spurt of upside action so will go with the lateral as the direction of least resistance.

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