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Takip Edin: @UscMarketsCCJ Stock Forecast & Cameco Corporation Chart Analysis
This article provides a detailed analysis of CCJ-Cameco Corporation stock including a forecast for CCJ shares. It features Cameco Corporation technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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CCJ Historical Data Review
CCJ Current Price Performance Analysis
The Cameco Corporation - CCJ stock traded on the American stock market, on 06-05-2024, closed at 54.28$ with a %1.23 increased compared to the previous day.
In the last month, the price of CCJ changed by %7.00 increased in value, from 50.73 dollars on 05-06-2024 to 54.28 dollars, increased.
Last year, the price of CCJ was 30.6 dollars on 06-06-2023, and changed by %77.39 increased in value, to 54.28 dollars increased within a year.
The price of Cameco Corporation stock is riding high above the 50-day and 100-day moving averages. This means it's on a positive run for now, great news for those who got in early. But let's not take our eyes off the ball; no stock climbs forever.
CCJ with AI Stock Forecast & Price Target
On the CCJ chart Cameco Corporation price was recorded as 54.28 Dollars on 06/05/2024.
The artificial intelligence's forecast on CCJ stock is as follows.
The artificial intelligence's prediction error margin for CCJ stock is moderately high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Cameco Corporation stock over the next 4 months is: 64.5 Dollars.
The commentary on CCJ stock Target Price: Highest: 79.267 Dollars is predicted.
The commentary on CCJ stock Target Price: Lowest: 49.019 Dollars is predicted.
Resistance Price where Cameco Corporation stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 58.539 |
| 10-03-2024 | 64.462 |
| 11-22-2024 | 64.656 |
| 02-25-2025 | 79.267 |
Support Price where Cameco Corporation stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 49.019 |
| 08-29-2024 | 57.470 |
| 10-23-2024 | 61.606 |
| 12-12-2024 | 63.188 |
| 03-27-2025 | 71.887 |
The commentary on CCJ stock: The target price can generally be said to be on the rise.
The commentary on CCJ stock: Fluctuations in the target price can be expected in the coming days.
The target price for Cameco Corporation stock by the end of 2024 is predicted to be 64.703 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on CCJ stock, and the 2024 target price predictions for Cameco Corporation are detailed above.
The technical analysis and charts for the commentary on CCJ stock are below.
CCJ Support & Resistance and Trend Analysis
CCJ stock you have reviewed the technical analysis support resistance charts regarding.
CCJ : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the CCJ review, the Cameco Corporation support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Cameco Corporation Support and Resistance Prices:
| CCJ Support Level Price | CCJ Resistance Level Price |
|---|---|
| 39.02 | 44.47 |
| 39.74 | 46.76 |
| 41.17 | 46.95 |
| 42.64 | 51.33 |
| 43.96 | 52.64 |
| 44.03 | 52.80 |
| 44.55 | 54.93 |
| 45.10 | |
| 46.27 | |
| 48.71 |
CCJ Technical Analysis: SMA, RSI, MACD
Upon reviewing the CCJ chart, buy and sell signals have been generated in the Cameco Corporation technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for CCJ stock are as follows:- The technical analysis for CCJ indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for CCJ indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for Cameco Corporation issued a 'Buy' signal when the MACD was at 1.066, with the current MACD value being: 1.472
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
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