Uranium Price Analysis: URA Tests Recovery After 200-Day Support Hold

At the time of the writing of this article, the share price of the Global X Uranium ETF was around $49.73, and the spot price of uranium was around $86.10 per pound.

Meanwhile, momentum has dissipated over the short-term as URA failed to follow through with its early-June rally. Its most recent chart indicates that the market remains above its lows from May but will now have to hold the $49 to $50 range.

URA Bounces From 200-Day Average

Francesco highlighted that URA was “bouncing off” a “big moving average” and that it was a “technical bounce” from that point. The chart highlighted the URA’s resumption of the high $40s and re-approach to a number of short-term moving averages.

The same chart set up URA around the $53.42 level during the bounce, and volume was above normal. The action indicated that the ETF had found its longer-term support and that demand was returning.

But this updated TradingView chart reveals that some of the recovery is off. URA settled at $49.73, a mere 0.10% lower than the recent level above $53. The drop brings the ETF back into a short-term support area that previously served as a support level during late May.

TradingView Shows Momentum Cooling

Price has been diminishing after a brief increase since the beginning of June, according to the 30-minute URA chart on TradingView. The ETF briefly rose above the $53 level before heading back up to $50 and then down to $52.

There was bearish pressure in the MACD. The MACD line was close to -0.4530, while the signal line was at -0.2862, and the histogram was at -0.1668. That is the case, and that is one way that sellers have short-term control.

Despite all this, TradingView Chaikin Money Flow remained marginally positive at 0.01. This indicates that money flow hasn’t gotten significantly negative but has become less robust from positive readings earlier in the move.

The recent swing also saw a corresponding volume increase with active trading around the bounce and pullback. The next big indicator is URA’s ability to consolidate around $49 and resume an upward trend above $50.

Spot Uranium Holds Near $86

Uranium was down $0.15 to $86.10 per pound on the uranium spot chart. Despite the steep drop around the beginning of 2026, prices are still quite high for the summer compared to last year.

On the one-year timeframe as per TradingEconomics, uranium has moved from the bottom of the $70s to the top of the $100s, spiking in January and consolidating in the mid to high $80s on the chart. The market has been trading in a tight range since March this year, from the lower $80s to the upper $80s.

This bull market is becoming easier to find a strong base for, compared to the short-term chart on the ETF. But overall, URA’s price action suggests that investors are responding to equity-market flows, rather than the commodity price.

Uranium’s setup would hinge on the ability of spot prices to maintain support at $86 and the ability of URA to fend off a breakdown of the 200-day support area. Breaks above $53 would boost the recovery; breaks below the late-May bottom would put new pressure on uranium-related shares.