U.S. Antimony (UAMY) Price Forecast: Consolidation Signals Next Momentum Surge

Critical Minerals Momentum Builds

United States Antimony (UAMY) produces antimony and zeolite for U.S. critical minerals used in industrial and defense applications. New contracts, along with increased investor and government attention to the sector, helped propel its stock to a 916% gain over just 15 weeks during its prior upswing, peaking at $19.71 in October. UAMY subsequently pulled back and established a higher swing low at $4.36 before rallying again.

Support for that low was found near the 50-week moving average, which has marked dynamic support for the weekly bull trend since it was reclaimed in May 2024. The rally that followed retraced approximately 50% of the prior decline, while reaching a high of $11.97, before the stock formed a symmetrical triangle consolidation pattern near support around the 20-week moving average.

Bull Trend Structure Holds Firm

UAMY is well positioned to advance further following the activation of an upward breakout, as the broader structure continues to reflect constructive consolidation within an ongoing uptrend. The long-term bull trend remains intact and is expected to continue. Strength was indicated by UAMY finding support during the recent pullback near the 20-week moving average, while the previous pullback found support near 50-week moving average.

Compression Signals Potential Move

In addition, the midline of a rising channel crosses near the upper declining boundary of the triangle formation, further validating the potential significance of a decisive breakout above that level. Last week’s lower swing high of $11.43 provides a rough proxy for that boundary and serves as a more reliable bullish trigger level. Range compression represented by the triangle is also seen by the 20-day and 50-day moving averages, which have been converging recently.

Measured Move Points Higher

The developing consolidation pattern helps set the stage for another burst of momentum, reinforcing the constructive price action that began following the prior peak and subsequent correction. Following the December low, UAMY advanced approximately 175% to the $11.97 high. A simple measured move projection of that first leg up points to an initial upside target near $14.50. However, other measures suggest the potential for higher prices, starting with the area around the $19.71 peak from October. An extended projection for the measured move points to $19.20, aligning closely with that prior high and strengthening its significance as a potential resistance zone.

Support Confluence Defines Possible Entry Zone

Traders anticipating an upside breakout may begin to build positions during periods of weakness that test support near the convergence of the 20-day and 50-day moving averages, currently near $9.27 and $9.13, respectively. These levels align closely with the 61.8% Fibonacci retracement of the recent daily upswing at $9.21, highlighting a confluence of support that may help sustain the developing bullish structure.

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