CANADIAN GOLD RESOURCES LTD (CAN.CA) Stock Technical Analysis
TSX:CAN - Toronto Stock Exchange - CA13585U1093 - Common Stock - Currency: CAD
We assign a technical rating of 2 out of 10 to CAN. CAN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CAN has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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We found 1 important resistance area.
- A resistance zone ranging from 0.15 to 0.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CAN.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CAN.CA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | CAN.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAN.CA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 52.02 | NEUTRAL | The RSI value for CAN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CAN.CA has a positive trend. |
| Stochastics (14,3) | 30 | NEUTRAL | The Stochastics value for CAN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for CAN.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 12.77 | NEGATIVE | The low ADX value for CAN.CA suggests a weak or negative trend. |
TSX:CAN (7/11/2025, 7:00:00 PM)
0.14
+0.01 (+7.69%)