Londinia Opportunities Analyses - 06/23/2022 (GMT) CAMECO CORP. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	CCJ
ISIN:	CA13321L1085

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

78%

My opinion

Bearish under 21.85 USD

My targets

19.37 USD (-6.23%)

18.52 USD (-10.36%)

My analysis

CAMECO CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 21.85 USD. The next support located at 19.37 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 18.52 USD. Below this support, sellers could then target 14.79 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

Analysis too old. There are no more charts available.

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

The CAMECO CORP. price is 20.66 USD. On the day, this instrument lost -2.46% and was traded between 20.42 USD and 21.42 USD over the period. The price is currently at +1.18% from its lowest and -3.55% from its highest.

20.42

21.42

20.66

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by CAMECO CORP.:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this CAMECO CORP. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 1 hour

The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	14.79	18.52	20.59	20.66	22.14	22.85	23.92
Change (%)	-28.41%	-10.36%	-0.34%	-	+7.16%	+10.60%	+15.78%
Change	-5.87	-2.14	-0.07	-	+1.48	+2.19	+3.26
Level	Major	Major	Major	-	Major	Minor	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.74	20.11	20.64	21.01	21.54	21.91	22.44
Camarilla	20.93	21.02	21.10	21.18	21.26	21.35	21.43
Woodie	19.83	20.15	20.73	21.05	21.63	21.95	22.53
Fibonacci	20.11	20.45	20.66	21.01	21.35	21.56	21.91

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	15.60	18.08	19.37	21.85	23.14	25.62	26.91
Camarilla	19.63	19.98	20.32	20.67	21.02	21.36	21.71
Woodie	15.02	17.78	18.79	21.55	22.56	25.32	26.33
Fibonacci	18.08	19.52	20.41	21.85	23.29	24.18	25.62

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.85	16.43	20.45	24.03	28.05	31.63	35.65
Camarilla	22.38	23.08	23.77	24.47	25.17	25.86	26.56
Woodie	13.07	16.54	20.67	24.14	28.27	31.74	35.87
Fibonacci	16.43	19.33	21.13	24.03	26.93	28.73	31.63

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	38.94
MACD (12,26,9):	-0.3000
Directional Movement:	-17.54
AROON (14):	-100.00
DEMA (21):	20.80
Parabolic SAR (0,02-0,02-0,2):	21.94
Elder Ray (13):	-0.51
Super Trend (3,10):	21.77
Zig ZAG (10):	20.62
VORTEX (21):	0.9900
Stochastique (14,3,5):	11.44
TEMA (21):	20.91
Williams %R (14):	-88.99
Chande Momentum Oscillator (20):	-1.29
Repulse (5,40,3):	-1.9200
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	7.41

MA7:	21.49
MA20:	23.89
MA50:	24.94
MA100:	24.92
MAexp7:	20.91
MAexp20:	21.21
MAexp50:	21.97
MAexp100:	22.85
Price / MA7:	-3.86%
Price / MA20:	-13.52%
Price / MA50:	-17.16%
Price / MA100:	-17.09%
Price / MAexp7:	-1.20%
Price / MAexp20:	-2.59%
Price / MAexp50:	-5.96%
Price / MAexp100:	-9.58%

Quotes : - 15 min delayed data - Actions NYSE

News

Don't forget to follow the news on CAMECO CORP.. At the time of publication of this analysis, the latest news was as follows: