URA

URA remains in a Stage 4 decline with clear lower highs and lower lows and price below all major EMAs. The medium-term bias is bearish, reinforced by the active supply-dominated pattern. However, extreme oversold conditions and extended price below the EMAs make immediate shorting unfavorable. Recommend trimming into rallies toward the 9 EMA/21 EMA cluster or prior minor resistance zone.

• ↑Global nuclear push may increase uranium demand and ETF flows
• ↑2026 average target of $48.53 implies ~11% upside from $49.73
• ↓11 of 18 technical indicators currently signal a strong sell bias