CANAGOLD RESOURCES LTD (CCM.CA) Stock Technical Analysis
TSX:CCM - Toronto Stock Exchange - CA1368421014 - Common Stock - Currency: CAD
Taking everything into account, CCM scores 5 out of 10 in our technical rating. CCM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Warning: CCM has an average volume of 29858 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that CCM is one of the better performing stocks in the market, outperforming 79% of all stocks. On top of that, CCM also shows a nice and consistent pattern of rising prices.
CCM 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 CCM is lagging the market slightly.
In the last month CCM has a been trading in the 0.30 - 0.40 range, which is quite wide. It is currently trading near the high of this range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
CCM is an average performer in the Metals & Mining industry, it outperforms 60% of 797 stocks in the same industry.
Although the technical rating is only medium, CCM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.32
0.41
We found 4 important support areas.
- A support zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.35 from a trend line in the daily time frame.
- Support @0.34 from a trend line in the weekly time frame.
- A support zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.41 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for CCM.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CCM.CA is neutral. |
| ChartMill Relative Strength | 79.48 | POSITIVE | CCM.CA has a high relative strength, it outperformed 79.48% off all stocks 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) | DOWN | NEGATIVE | The current price of CCM.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CCM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.33 | NEUTRAL | The RSI value for CCM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CCM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.16 | NEUTRAL | The Stochastics value for CCM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.51 | HIGH VOLATILITY | The high ATR as a percentage value for CCM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.91 | POSITIVE | The high ADX value value for CCM.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:CCM (7/11/2025, 7:00:00 PM)
0.365
-0.02 (-3.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.95%
1 Week-1.35%
2 Weeks4.29%
1 Month0%
3 Month15.87%
6 Month17.74%
12 Month43.14%
2 Year52.08%
3 Year25.86%
5 Year-30.48%
10 Year46%
15 Year4.29%
Volatility
ATR(14)0.03
ATR(20)%6.51%
ATR Inc-7.35%
Range Today0.03
ADR(20)0.02
ADR(20)%5.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.48
Mansfield0.27
10 Day High0.4
10 Day Low0.31
20 Day High0.4
20 Day Low0.31
52 Week High0.4
52 Week Low0.25
CS1 End0.36
CR1 Start0.37
Volume & EV
DER(3)0%
DER(5)0%
Volume64.53K
Volume Incr-25.82%
Vol(5)25.53K
Vol(50)29.86K