CANAGOLD RESOURCES LTD (CCM.CA) Technical Analysis
TSX:CCM • CA1368421014
Current stock price
CCM.CA Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to CCM. CCM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- CCM is one of the lesser performing stocks in the Metals & Mining industry. 63% of 803 stocks in the same industry do better.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, CCM turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
- CCM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CCM is lagging the market.
- In the last month CCM has a been trading in the 0.42 - 0.62 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CCM.CA Weekly and Daily overview Charts
CCM.CA Setup Rating and Analysis
The technical rating of CCM is bad and it also does not present a 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
CCM.CA Support and Resistance Analysis
0.49
We found 1 important support area.
- Support @0.49 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- Resistance @0.50 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.60 from a trend line in the daily time frame.
CCM.CA Technical Indicator Signal Analysis
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 CCM.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CCM.CA is down. |
| ChartMill Relative Strength | 58.54 | NEUTRAL | CCM.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CCM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CCM.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CCM.CA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.2 | NEUTRAL | The RSI value for CCM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CCM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.67 | NEUTRAL | The Stochastics value for CCM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.51 | HIGH VOLATILITY | The high ATR as a percentage value for CCM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.74 | NEGATIVE | The low ADX value for CCM.CA suggests a weak or negative trend. |
CCM.CA Chart- and CandleStick Pattern Analysis
CCM.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:CCM (4/28/2026, 7:00:00 PM)
0.495
-0.02 (-2.94%)
CANAGOLD RESOURCES LTD / CCM.CA TA FAQ
Can you provide the ChartMill technical rating for CANAGOLD RESOURCES LTD?
ChartMill assigns a technical rating of 2 / 10 to CCM.CA.
What is the trend direction for CCM stock?
The current trend direction for CANAGOLD RESOURCES LTD (CCM.CA) is Bearish.
What is the RSI signal for CANAGOLD RESOURCES LTD (CCM.CA) stock?
CANAGOLD RESOURCES LTD (CCM.CA) has an RSI value of 45.2043. This indicates that the stock is currently neutral.
What is the MACD signal for CANAGOLD RESOURCES LTD (CCM.CA) stock?
The MACD indicator for CANAGOLD RESOURCES LTD (CCM.CA) has a value of -0.00779413, indicating a bearish trend.
Can you provide the support and resistance levels for CANAGOLD RESOURCES LTD?
CANAGOLD RESOURCES LTD (CCM.CA) has a support level at 0.5 and a resistance level at 0.57. Check the full technical report for our detailed analysis of CCM.CA support and resistance levels.