CAMECO CORP (CCJ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CCJ - CA13321L1085 - Common Stock
Taking everything into account, CCJ scores 8 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, CCJ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
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36.59
When analyzing the support we can see 5 important areas.
- A support zone ranging from 90.75 to 91.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 86.48 to 87.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @82.97 from a trend line in the daily time frame.
- A support zone ranging from 79.44 to 79.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.96 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @91.68 from a trend line in the daily time frame.
- Resistance @95.74 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for CCJ is up. |
| ChartMill Relative Strength | 92.72 | POSITIVE | CCJ has a high relative strength, it outperformed 92.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CCJ is above 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) | 51.96 | NEUTRAL | The RSI value for CCJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CCJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.97 | NEUTRAL | The Stochastics value for CCJ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CCJ suggests some volalility. |
| Average Directional Index/ADX (14) | 11.93 | NEGATIVE | The low ADX value for CCJ suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 91.69 | 90.74 | 0.95 (1.04%) | 25.00% |
| An entry @91.69. This is a Buy Stop order right above the resistance zone. | An exit @90.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.95 points, which is 1.04%. | For a 0.26% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CCJ. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
91.49
+0.12 (+0.13%)
CAMECO CORP / CCJ FAQ
What is the technical rating for CCJ stock?
ChartMill assigns a technical rating of 8 / 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 51.9636. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CAMECO CORP?
The buy/sell signal for CAMECO CORP (CCJ) is buy as both the short term and long term trends are positive.
What is the support and resistance level for CCJ stock?
CAMECO CORP (CCJ) has a support level at 91.32 and a resistance level at 91.68. Check the full technical report for our detailed analysis of CCJ support and resistance levels.