Uranium prices are in the process of stabilization at the level of approximately $90 per pound, following the whopping surge in the price earlier this year, but ETF performance indicates that the sector remains actively set up by investors.
Although the commodity is consolidating, uranium-linked equities still exude underlying strength, even in the face of the short-term volatility.
The larger framework indicates a market that is cooling and not imploding, with buyers protecting major technical levels and long-term momentum still in play.
Uranium Price Prediction: $89 Holds After Spiking Over $100
Recent price data shows that uranium has been trading at $89.40 per pound of uranium, an increase of 0.10% or 0.11% in the most recent session. This maintains the prices at the firm support zone of between $85 and $90, which surfaced following the severe pullback of the peaks of above $100 per pound in the early part of 2026.
Trading Economics: Uranium stands at a price of $89.40 per pound in trade, as it has been trading above the key support zone of $85 after reaching above $100, and it is indicating that the prices are in a stabilized position in a larger uptrend.
The above action was to break out of the charts above $100 and was a high level of buying momentum. But the prices soon made up for it, dropping back toward the high-$80. More to the point, the downturn did not interrupt the larger uptrend. Rather, uranium has been supported around $85 and has remained close to $90, indicating a consistent demand at these levels.
On the longer trend, uranium, after lowering itself to previous lows of around $64-$66 per pound, tended to develop a definite series of low highs and low lows. Resistance is still apparent between $95 and $100, which was a previously trading zone that elicited selling pressure. Maintaining a position above the value of $85 would retain the bullish pattern, and a long-term reentry above the mark of $100 might open the doors once again to new heights in the cycle.
URA ETFs Are Strong With A Short-Term Pullback
Also, according to Investing.com, the Global X Uranium ETF (URA) is trading at a price of $54.36, increased by 0.82%, on the day. The performance indicates that there is mixed short-term momentum but high medium- to long-term returns.
URA has been performing well and has risen by 4.72% in the last week, showing again that people have taken interest to buy after a little slump. Nevertheless, the performance in the last month exhibits a minor decline of -3.19 percent, which indicates general consolidation of the sector after the surge in the beginning of the year.
Investing.com: Global X Uranium ETF (URA) is at $54.36, up by 0.82%, following a low, and still records one-year returns of well above $108, which is the persistent momentum in the sector.
Power is enhanced when it is zoomed out. The ETF is up $30.70 in 3 months, up $46.21 in six months, and an astounding $108.60 in a year. The returns over a period of five years are at $193.52, a solid indication of the extent to which the uranium theme has gone as far as to entrench itself in the long-term investment portfolio of investors.
The chart indicates that the price of URA will rise to the price of uranium in the spot spike above $100. URA will move to the height of the price range as early as the beginning of 2026 and fall down sharply then. The pullback has pulled the ETF into the low 50s, where it seems support is being established. The recent recovery of up to $54 is a good indication of buyers slowly returning.
Renewed activity in the spike and the following correction is also indicated in the volume patterns and supports the fact that this was a move that was motivated with great participation and not thin liquidity.
Technical Momentum Cools But Neutral
On the other hand, the consolidation narrative is supported by technical indicators of the daily chart. The MACD (12, 26, 9) has trimmed down following the rally. The momentum has died out, but there is no strong indication of breakdown. The MACD histogram indicates that the negative bars narrow with no indication of accelerating selling pressure.
TradingView: Technicals indicate that uranium is consolidating, and the RSI is around 53.45 (neutral), and the MACD momentum is falling, but it is not yet indicating an actual bearish trend reversal
In the meantime, the Relative Strength Index (RSI 14) stands at about 53, which is at the neutral level. This shows that the market is not overbought or oversold. The fact that the RSI readings previously were high and went to low indicates that the digestion stage has been healthy and not panic selling.
The recent price action of the spot uranium between $85 and $95 per pound and URA between about $52 and $60 per pound indicates price consolidation within a range. When the spot uranium is above $85 and the ETF prices are continuing to hold above the low 50s, then the bigger upward trend is technically sound.
In the present case, uranium seems to be tightening its previous gains, as both spot prices and equities of the same demonstrate strength at the important levels.