Cameco Corporation
Here’s whether Cameco Corporation (CCJ) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Neutral.
Positives: trading above the 200-day MA (long-term uptrend intact); 50-day MA is rising (+0.41% over 10 days); RSI 45 — healthy momentum range; strong 1-year return of +72.3%. Concerns: below the 50-day MA (medium-term momentum negative); 3-month momentum negative (-10.9%). Currently 23.5% off its 52-week high. Score: +3/7.
CCJ is holding above its long-term 200-day MA ($101.70) but has slipped below the 50-day MA ($114.12), pointing to short-term weakness in an otherwise intact trend. An RSI of 45.0 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of +72.3% compares to +24.4% for SPY (beat the market by 47.9%). The current 23.5% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.