CANAGOLD RESOURCES LTD (CCM.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CCM - CA1368421014 - Common Stock
Taking everything into account, CCM scores 7 out of 10 in our technical rating. In the last year, CCM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although CCM has an excellent technical rating, it does not present a decent entry opportunity 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
0.40
When analyzing the support we can see 4 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.
- Support @0.43 from a trend line in the weekly time frame.
- A support zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.47 from a trend line in the daily time frame.
- 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.
- Resistance @0.50 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 | UP | POSITIVE | The short term trend for CCM.CA is up. |
| ChartMill Relative Strength | 75.13 | POSITIVE | CCM.CA has a high relative strength, it outperformed 75.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CCM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CCM.CA is above 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) | 55.21 | 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) | 61.4 | NEUTRAL | The Stochastics value for CCM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for CCM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.51 | NEUTRAL | The ADX value for CCM.CA suggests a possible start of a new trend. |
TSX:CCM (12/10/2025, 7:00:00 PM)
0.46
+0.01 (+2.22%)
CANAGOLD RESOURCES LTD / CCM.CA FAQ
Can you provide the ChartMill technical rating for CANAGOLD RESOURCES LTD?
ChartMill assigns a technical rating of 7 / 10 to CCM.CA.
Can you provide the trend direction for CANAGOLD RESOURCES LTD?
The current trend direction for CANAGOLD RESOURCES LTD (CCM.CA) is Bearish.
What is the RSI signal for CCM stock?
CANAGOLD RESOURCES LTD (CCM.CA) has an RSI value of 55.2075. 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 0.00498148, indicating a bearish trend.
Can you provide the short term momentum for CANAGOLD RESOURCES LTD?
The short term momentum for CANAGOLD RESOURCES LTD (CCM.CA) is positive.