The Global X Uranium ETF ($URA) offers investors a way to invest in a basket of global companies involved in the uranium mining and nuclear components industry. As a thematic fund, it seeks to benefit from the growing demand for nuclear energy as a clean power source. URA holds a diversified portfolio of companies involved in the full uranium value chain, from extraction and refining to exploration and equipment manufacturing. Below we will look at the Elliott Wave technical update for the ETF.
URA Elliott Wave Chart Monthly Chart
URA Daily Elliott Wave Chart
The daily chart of the $URA ETF above shows rally from wave ((2)) low on April 7, 2025 low is unfolding as an impulsive structure. Up from there, wave (1) ended at $42.22 and pullback in wave (2) ended at $35.64. As far as pivot at $19.5 low is holding, expect the ETF to extend higher. See What’s Next for Forex, Stocks, and Crypto. Unlock regular updates and insights with a 14-day trial.
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