CAMECO CORP.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CCJ
ISIN:	CA13321L1085

CAMECO CORP. - Daily - Technical analysis published on 01/26/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

78%

22%

My opinion

Bullish above 25.77 USD

My targets

27.90 USD (+2.80%)

30.35 USD (+11.83%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on CAMECO CORP.. This is a positive signal for buyers. As long as the price remains above 25.77 USD, a purchase could be considered. The first bullish objective is located at 27.90 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 30.35 USD as an objective. Crossing it would then enable buyers to target 31.51 USD. In the event of a return below 25.77 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by AleksanderTheGreat. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CAMECO CORP. price is 27.14 USD. The price registered a decrease of -0.73% on the session and was traded between 27.13 USD and 27.74 USD over the period. The price is currently at +0.04% from its lowest and -2.16% from its highest.

27.13

27.74

27.14

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of CAMECO CORP. in Daily shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.06	24.38	25.77	27.14	27.90	30.35	31.51
Change (%)	-18.72%	-10.17%	-5.05%	-	+2.80%	+11.83%	+16.10%
Change	-5.08	-2.76	-1.37	-	+0.76	+3.21	+4.37
Level	Major	Major	Intermediate	-	Major	Intermediate	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.93	26.25	26.80	27.12	27.67	27.99	28.54
Camarilla	27.10	27.18	27.26	27.34	27.42	27.50	27.58
Woodie	26.04	26.31	26.91	27.18	27.78	28.05	28.65
Fibonacci	26.25	26.59	26.79	27.12	27.46	27.66	27.99

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	22.41	23.40	24.85	25.84	27.29	28.28	29.73
Camarilla	25.63	25.85	26.08	26.30	26.52	26.75	26.97
Woodie	22.64	23.52	25.08	25.96	27.52	28.40	29.96
Fibonacci	23.40	24.33	24.91	25.84	26.77	27.35	28.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.49	19.36	21.01	22.88	24.53	26.40	28.05
Camarilla	21.70	22.03	22.35	22.67	22.99	23.32	23.64
Woodie	17.39	19.31	20.91	22.83	24.43	26.35	27.95
Fibonacci	19.36	20.70	21.53	22.88	24.22	25.05	26.40

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	74.23
MACD (12,26,9):	1.1000
Directional Movement:	22.92
AROON (14):	100.00
DEMA (21):	26.55
Parabolic SAR (0,02-0,02-0,2):	25.70
Elder Ray (13):	1.66
Super Trend (3,10):	25.18
Zig ZAG (10):	27.39
VORTEX (21):	1.3000
Stochastique (14,3,5):	96.34
TEMA (21):	27.40
Williams %R (14):	-7.53
Chande Momentum Oscillator (20):	2.50
Repulse (5,40,3):	3.3200
ROCnROLL:	1
TRIX (15,9):	0.5200
Courbe Coppock:	28.63

MA7:	26.39
MA20:	24.87
MA50:	23.65
MA100:	24.69
MAexp7:	26.60
MAexp20:	25.26
MAexp50:	24.33
MAexp100:	24.29
Price / MA7:	+2.84%
Price / MA20:	+9.13%
Price / MA50:	+14.76%
Price / MA100:	+9.92%
Price / MAexp7:	+2.03%
Price / MAexp20:	+7.44%
Price / MAexp50:	+11.55%
Price / MAexp100:	+11.73%

Quotes : - 15 min delayed data - NYSE Stocks

News

The latest news and videos published on CAMECO CORP. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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