Based on the current market data and recent analysis, CCJ is showing mixed signals. The stock is currently trading at $50.29 during regular market hours, with technical indicators suggesting a neutral stance as RSI-14 at 46.74 indicates neither overbought nor oversold conditions . The upcoming earnings report on February 20, 2025, is expected to show EPS of $0.18, representing a 20% year-over-year growth.
The stock has underperformed recently, declining 2.57% over the past month while lagging behind both its sector and the broader market. However, the company's fundamentals remain solid with projected revenue growth of 18.64% to $735.56 million for the upcoming quarter.
The current price is hovering between the Fibonacci support of $47.18 and resistance of $51.29, with the pivot point at $49.24. Trading below the 20-day SMA of $50.67 and 60-day SMA of $53.80 suggests short-term weakness in price momentum.
Hold position is recommended at current levels due to: 1) Premium valuation with Forward P/E of 39.79x vs. industry average of 11.26x, 2) Potential risks from eventual resolution of Russian sanctions that could impact uranium prices, and 3) Technical indicators showing neutral to slightly bearish momentum.