Sell signal in week 4, the decline stalls
Cameco bounces 3.4% off its 100-week average and stalls below the 90 area
Our view last week
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.
This week's summary
Cameco bounced 3.4% off its 100-week average, in the 85 area, ending a 4-week slide. The recovery stalled under the daily averages in the 90 area, and the week closed in the lower part of its range. Cameco stock, top of the US sell signals a week ago with signal strength at 100 out of 100, drops to 72nd of 174: our technical analysis reads a decline losing steam. Among US stocks, the price action trading picture is a stall.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Oct 30
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IQS Phase
63
ordinary
Signal Strength
20
decline losing steam
Sizing
MINIMUM
Ranking
#72 / 174
US stocks sell signals
Trade P&L %
+3.89%
from signal to date, no stop loss
Cameco (CCJ) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 72nd among the 174 sell signals for US stocks in our ranking, with a signal strength of 20 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimeweak phase
Performanceweekly +1.17% · monthly -3.81%
CCJ belongs to the materials sector (reference ETF XLB). The sector is classified weak phase according to our weekly reading.
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