CAMECO CORP (CCJ) Technical Analysis
NYSE:CCJ • CA13321L1085
Overall CCJ gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CCJ is showing a nice and steady performance.
- In the last month CCJ has a been trading in the 107.92 - 126.13 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, CCJ did better than 96% of all other stocks. On top of that, CCJ also shows a nice and consistent pattern of rising prices.
- CCJ is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 207 stocks in the same industry.
- CCJ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CCJ is performing more or less in line with the market.
- CCJ has an average volume of 4159550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although CCJ has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
88.06
We found 4 important support areas.
- A support zone ranging from 109.48 to 109.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @98.35 from a trend line in the weekly time frame.
- Support @91.74 from a trend line in the daily time frame.
- Support @88.95 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 124.04 to 125.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CCJ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CCJ is neutral. |
| ChartMill Relative Strength | 96.3 | POSITIVE | CCJ has a high relative strength, it outperformed 96.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CCJ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CCJ is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.55 | NEUTRAL | The RSI value for CCJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.18 | NEGATIVE | The MACD value suggests CCJ has a negative trend. |
| Stochastics (14,3) | 37.34 | NEUTRAL | The Stochastics value for CCJ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for CCJ suggests high volalility. |
| Average Directional Index/ADX (14) | 17.13 | NEGATIVE | The low ADX value for CCJ suggests a weak or negative trend. |
CCJ Technicals: Chart, Performance Metrics, Trend & Indicators
109.68
-4.56 (-3.99%)
CAMECO CORP / CCJ FAQ
What is the technical rating for CCJ stock?
ChartMill assigns a technical rating of 10 / 10 to CCJ.
What is the trend direction for CCJ stock?
The current trend direction for CAMECO CORP (CCJ) is Bullish.
Can you provide the RSI signal for CAMECO CORP?
CAMECO CORP (CCJ) has an RSI value of 42.5509. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for CAMECO CORP?
CAMECO CORP (CCJ) has a support level at 109.67 and a resistance level at 124.04. Check the full technical report for our detailed analysis of CCJ support and resistance levels.