Following these proceedings, Cantor Fitzgerald upgraded its Cameco Corp. [CCJ] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Cantor Fitzgerald also remained covering CCJ and has decreased its forecast on December 19, 2023 with a “Neutral” recommendation from previously “Buy” rating.
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Price Performance Review of CCJ
On Tuesday, Cameco Corp. [NYSE:CCJ] saw its stock fall -2.14% to $56.68. Over the last five days, the stock has gained 9.61%. Cameco Corp. shares have risen nearly 31.51% since the year began. Nevertheless, the stocks have risen 48.42% over the past one year. While a 52-week high of $58.72 was reached on 10/21/24, a 52-week low of $35.43 was recorded on 08/05/24. SMA at 50 days reached $45.11, while 200 days put it at $46.67.
Levels Of Support And Resistance For CCJ Stock
The 24-hour chart illustrates a support level at 55.46, which if violated will result in even more drops to 54.24. On the upside, there is a resistance level at 57.75. A further resistance level may holdings at 58.83. The Relative Strength Index (RSI) on the 14-day chart is 75.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.63%. Stochastics %K at 88.26% indicates the stock is a selling.
How much short interest is there in Cameco Corp.?
A steep rise in short interest was recorded in Cameco Corp. stocks on 2024-09-30, growing by 2.31 million shares to a total of 18.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 16.45 million shares. There was a rise of 12.29%, which implies that there is a positive sentiment for the stock.
