CANAGOLD RESOURCES LTD (CCM.CA) Stock Technical Analysis
Canada - TSX:CCM - CA1368421014 - Common Stock
0.455 CAD
+0.01 (+1.11%)
Overall CCM gets a technical rating of 5 out of 10. In the last year, CCM was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month CCM has a been trading in the 0.44 - 0.50 range, which is quite wide. It is currently trading near the lows of this range.
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.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Looking at the yearly performance, CCM did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CCM is part of the Metals & Mining industry. There are 807 other stocks in this industry, CCM did better than 46% of them.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, CCM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 0.45, a Stop Loss order could be placed below this zone.
More info and screens
0.36
0.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.49 to 0.49. This zone is formed by a combination of multiple trend lines 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 CCM.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CCM.CA is down. |
| ChartMill Relative Strength | 73.07 | POSITIVE | CCM.CA has a high relative strength, it outperformed 73.07% 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) | UP | POSITIVE | The current price of CCM.CA is above the rising 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) | 46.66 | 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) | 11.36 | OVERSOLD | The low Stochastics value suggests CCM.CA may be oversold. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for CCM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.65 | NEUTRAL | The ADX value for CCM.CA suggests a possible start of a new 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 (9/18/2025, 7:00:00 PM)
0.455
+0.01 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.11%
1 Week-1.09%
2 Weeks-3.19%
1 Month-1.09%
3 Month18.18%
6 Month19.74%
12 Month31.88%
2 Year102.22%
3 Year75%
5 Year-27.2%
10 Year82%
15 Year1.11%
Volatility
ATR(14)0.02
ATR(20)%3.52%
ATR Inc-27.08%
Range Today0.02
ADR(20)0.02
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.07
Mansfield1.49
10 Day High0.49
10 Day Low0.44
20 Day High0.5
20 Day Low0.44
52 Week High0.5
52 Week Low0.25
CS1 End0.45
CR1 Start0.49
Volume & EV
DER(3)-281.91%
DER(5)-193.16%
Volume3.17K
Volume Incr-33.25%
Vol(5)26.57K
Vol(50)41.54K