CANEX METALS INC (CANX.CA) Stock Technical Analysis
Canada - TSX-V:CANX - CA13751X1015 - Common Stock
We assign a technical rating of 6 out of 10 to CANX. In the last year, CANX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
CANX has an average technical rating and it also 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
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3 important support areas can be observed.
- Support @0.10 from a trend line in the daily time frame.
- Support @0.06 from a trend line in the daily time frame.
- Support @0.04 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.11 to 0.11. 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 | 90.01 | POSITIVE | CANX.CA has a high relative strength, it outperformed 90.01% 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) | 32.5 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 2.56 | OVERSOLD | The low Stochastics value suggests CANX.CA may be oversold. |
| Average True Range in percent/ATR (20) | 8.25 | HIGH VOLATILITY | The high ATR as a percentage value for CANX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.01 | POSITIVE | The high ADX value value for CANX.CA suggests a strong trend. |
TSX-V:CANX (11/7/2025, 7:00:00 PM)
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CANEX METALS INC / CANX.CA FAQ
Can you provide the ChartMill technical rating for CANEX METALS INC?
ChartMill assigns a technical rating of 6 / 10 to CANX.CA.
What is the current trend direction of CANEX METALS INC (CANX.CA) 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 32.5027. 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 buy/sell signal for CANEX METALS INC?
The buy/sell signal for CANEX METALS INC (CANX.CA) is hold as the short term and long term trends are mixed.