In the meantime, 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 jump 0.22% to $51.26. Over the last five days, the stock has lost -6.41%. Cameco Corp shares have risen nearly 18.93% since the year began. Nevertheless, the stocks have risen 22.19% 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 $47.58, while 200 days put it at $46.99.
Levels Of Support And Resistance For CCJ Stock
The 24-hour chart illustrates a support level at 50.82, which if violated will result in even more drops to 50.38. On the upside, there is a resistance level at 51.84. A further resistance level may holdings at 52.42. The Relative Strength Index (RSI) on the 14-day chart is 47.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.15%. Stochastics %K at 17.36% indicates the stock is a buying.
How much short interest is there in Cameco Corp?
A steep rise in short interest was recorded in Cameco Corp stocks on 2024-10-15, growing by 1.16 million shares to a total of 18.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.6 million shares. There was a rise of 6.16%, which implies that there is a positive sentiment for the stock.
