Cameco Stock Forecast

Hold candidate since Jun 23, 2026

The Cameco Corporation stock price gained 1.70% on the last trading day (Tuesday, 23rd Jun 2026), rising from $107.07 to $108.89. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.60% from a day low at $103.62 to a day high of $111.49. The price has risen in 7 of the last 10 days and is up by 3.27% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $403.69 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.94% during the next 3 months and, with a 90% probability hold a price between $87.36 and $112.04 at the end of this 3-month period.

CCJ Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 10, 2026, and so far it has risen 14.58%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cameco Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $109.63. On a fall, the stock will find some support from the short-term average at $106.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Cameco Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $102.27 and $98.97. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cameco Corporation finds support just below today's level at $102.27. If this is broken, then the next support from accumulated volume will be at $98.97 and $95.03.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $7.87 between high and low, or 7.60%. For the last week, the stock has had daily average volatility of 4.68%.

Our recommended stop-loss: $104.27 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (CCJ) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Cameco Corporation to open at $108.00, and during the day (based on 14 day Average True Range), to move between $106.06 and $111.72, which gives a possible trading interval of +/-$5.65 (+/-5.33%) up or down from last closing price. If Cameco Corporation takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $114.46 (5.12%) than the support at $102.27 (6.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cameco Corporation stock A Buy?

Cameco Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold candidate.

Current score: 0.228 Hold/Accumulate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on June 24, 2026 - $108.00 ( 0.82%).

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