CANEX METALS INC (CANX.CA) Technical Analysis
TSX-V:CANX • CA13751X1015
Taking everything into account, CANX scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month CANX has a been trading in the 0.22 - 0.32 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, CANX did better than 96% of all other stocks. We also observe that the gains produced by CANX over the past year are nicely spread over this period.
- CANX is one of the better performing stocks in the Metals & Mining industry, it outperforms 89% of 816 stocks in the same industry.
- CANX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CANX is lagging the market slightly.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although CANX has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
0.15
When analyzing the support we can see 2 important areas.
- Support @0.23 from a horizontal line in the daily time frame.
- Support @0.15 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.26 to 0.26. 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 | UP | POSITIVE | The long term trend for CANX.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CANX.CA is down. |
| ChartMill Relative Strength | 96.31 | POSITIVE | CANX.CA has a high relative strength, it outperformed 96.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CANX.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CANX.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CANX.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.14 | NEUTRAL | The RSI value for CANX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CANX.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for CANX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.45 | HIGH VOLATILITY | The high ATR as a percentage value for CANX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.48 | NEUTRAL | The ADX value for CANX.CA suggests a possible start of a new trend. |
CANX.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:CANX (3/5/2026, 7:00:00 PM)
0.25
+0.01 (+4.17%)
CANEX METALS INC / CANX.CA FAQ
Can you provide the ChartMill technical rating for CANEX METALS INC?
ChartMill assigns a technical rating of 8 / 10 to CANX.CA.
What is the trend direction for CANX stock?
The current trend direction for CANEX METALS INC (CANX.CA) is Bullish.
Can you provide the RSI signal for CANEX METALS INC?
CANEX METALS INC (CANX.CA) has an RSI value of 46.1373. This indicates that the stock is currently neutral.
What is the short term momentum for CANEX METALS INC (CANX.CA) stock?
The short term momentum for CANEX METALS INC (CANX.CA) is negative.
Can you provide the support and resistance levels for CANEX METALS INC?
CANEX METALS INC (CANX.CA) has a support level at 0.23 and a resistance level at 0.26. Check the full technical report for our detailed analysis of CANX.CA support and resistance levels.