Sell signal, week 3 · US stocks
Cameco slips 3.3%: a fourth straight weekly drop lands on the 100-week average
Our view last week
Cameco closes the week down 3.9% with sellers in full control of the weekly bar: buying drops back below 25% of volume and a distribution phase is underway. Cameco stock has left last week's band, dropped below the daily Kumo and tagged its 30-day low. The sell signal climbs to the top of the 160 US sells, with signal strength at 100 out of 100: price action trading and technical analysis both read a downtrend making lower lows, pace holding.
This week's summary
A fourth straight weekly decline for Cameco, down 3.3% and stopping on its 100-week average, in the 85 area, after a fresh 30-day low. A week ago Cameco stock had climbed to the top of the US sell signals: it stays there, 1st of 175, with signal strength still at 100 out of 100. On the daily chart, price action trading shows 4 lower highs, and among US stocks this decline is keeping its pace.
Sell signal in observation
·3rd week from start
·US stocks
·T2
·📅 Earnings · Oct 30
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IQS Phase
71
in tension
Signal Strength
100
downtrend making lower lows, pace holding
Sizing
STANDARD
Ranking
#1 / 175
US stocks sell signals
Trade P&L %
+7.03%
from signal to date, no stop loss
Cameco (CCJ) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 1st among the 175 sell signals for US stocks in our ranking, with a signal strength of 100 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimeweak phase
Performanceweekly -1.89% · monthly -7.72%
CCJ belongs to the materials sector (reference ETF XLB). The sector is classified weak phase according to our weekly reading.
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