CAMECO CORP (CCO.CA)

CA13321L1085 - Common Stock

72.21  +4.37 (+6.44%)

Technical Rating and Analysis

10

Overall CCO 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, CCO is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CCO did better than 93% of all other stocks. On top of that, CCO also shows a nice and consistent pattern of rising prices.
CCO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 227 stocks in the same industry.
CCO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month CCO has a been trading in the 62.03 - 72.60 range, which is quite wide. It is currently trading near the high of this range.
CCO has an average volume of 1315650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
CCO Weekly chart
CCO Daily chart
Setup Rating and Analysis

6

CCO has an excellent technical rating, but the quality of the setup is only medium 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.

Support and Resistance Analysis

51.84

72.93

We found 6 important support areas.

  • A support zone ranging from 68.80 to 69.40. 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 66.18 to 66.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @62.81 from a horizontal line in the daily time frame.
  • Support @59.57 from a trend line in the weekly time frame.
  • Support @57.15 from a trend line in the weekly time frame.
  • Support @52.36 from a horizontal line in the daily time frame.

Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.77
Mansfield1.63
10 Day High72.6
10 Day Low66.53
20 Day High72.6
20 Day Low62.03
52 Week High72.6
52 Week Low35.65
Performance
1 Week3.75%
2 Weeks9.08%
1 Month9.11%
3 Month27%
6 Month18.01%
12 Month98.54%
2 Year133.01%
3 Year204.04%
5 Year429.4%
10 Year233.07%
15 Year140.62%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0
RSI(14)62.57
LBB63.03
UBB73.22
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
72.6168.793.82 (5.26%)19.01%
An entry @72.61. This is a Buy Stop order right above the 10 day high.An exit @68.79. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 3.82 points, which is 5.26%.For a 1.00% total portfolio risk, you can invest 19.01% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of CCO. 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.
CCO Daily chart

CAMECO CORP

TSX:CCO (5/17/2024, 6:00:00 PM)

72.21

+4.37 (+6.44%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg6.44%
1 Week3.75%
2 Weeks9.08%
1 Month9.11%
3 Month27%
6 Month18.01%
12 Month98.54%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.79
ATR(20)%3.63%
ATR Inc
Range Today4.67
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High72.6
10 Day Low66.53
20 Day High72.6
20 Day Low62.03
52 Week High72.6
52 Week Low35.65
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.69M
Volume Incr0.37%
Vol(5)1.05M
Vol(50)1.32M