US materials · fresh buy signal
Cameco climbs 4.9% and turns the page: from sell signal to fresh buy
Our view last week
Cameco stock's 12.7% rebound from last week loses steam: this week closes almost flat, +0.4%, with sellers back in control of 71% of the volume, after buyers ran 96% of it seven days ago. The price stays glued to the Inversion Point area, with the ADX declining: the trend is losing conviction. The Sell signal, live for 12 weeks, is being tested right there.
This week's summary
Cameco's signal flips: after 12 weeks under a sell signal, this week brings a fresh buy, with the price up 4.9% and 5 rising daily lows, from the 84 area toward the 94 area. The 4 structural weekly averages are aligned to the upside and price stays above the 50-week average, but weekly volume is contracting and the distribution phase hasn't closed yet.
IQS Phase
56
ordinary
Signal Strength
72
high · wide & volatile
Sizing
FULL
Ranking
#6 / 14
New us stocks
Trade P&L %
+0.00%
from signal to date, no stop loss
Rank position
ranks 6th among the 14 fresh Longs for US stocks in our ranking, with a signal strength of 72 out of 100.
Sector context
SectorMaterials
Benchmark ETFXLB
Sector regimein strong phase
Performanceweekly +1.90% · monthly +5.35%
CCJ belongs to the materials sector (reference ETF XLB). The sector is classified in strong phase according to our weekly reading.
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