CANEX METALS INC (CANX.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:CANX - CA13751X1015 - Common Stock
Taking everything into account, CANX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CANX is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CANX is one of the better performing stocks in the market, outperforming 97% of all stocks. On top of that, CANX also shows a nice and consistent pattern of rising prices.
- CANX is one of the better performing stocks in the Metals & Mining industry, it outperforms 92% of 820 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.
- In the last month CANX has a been trading in the 0.20 - 0.29 range, which is quite wide. It is currently trading near the high of this range.
CANX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
0.14
3 important support areas can be observed.
- A support zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.14 from a trend line in the daily time frame.
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 | UP | POSITIVE | The short term trend for CANX.CA is up. |
| ChartMill Relative Strength | 97.01 | POSITIVE | CANX.CA has a high relative strength, it outperformed 97.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CANX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CANX.CA is above 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) | 59.85 | NEUTRAL | The RSI value for CANX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CANX.CA has a negative trend. |
| Stochastics (14,3) | 60 | NEUTRAL | The Stochastics value for CANX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.81 | HIGH VOLATILITY | The high ATR as a percentage value for CANX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 39.44 | POSITIVE | The high ADX value value for CANX.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.27 | 0.24 | 0.03 (11.60%) | 8.62% |
| An entry @0.27. This is a Buy Stop order right above the 10 day moving average. | An exit @0.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.03 points, which is 11.60%. | For a 1.00% total portfolio risk, you can invest 8.62% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CANX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:CANX (1/26/2026, 7:00:00 PM)
0.26
-0.01 (-1.89%)
CANEX METALS INC / CANX.CA FAQ
Can you provide the ChartMill technical rating for CANEX METALS INC?
ChartMill assigns a technical rating of 10 / 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 59.8468. 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 positive.
Can you provide the support and resistance levels for CANEX METALS INC?
CANEX METALS INC (CANX.CA) has a support level at 0.25. Check the full technical report for our detailed analysis of CANX.CA support and resistance levels.