CANAGOLD RESOURCES LTD (CCM.CA) Stock Technical Analysis
TSX:CCM - Toronto Stock Exchange - CA1368421014 - Common Stock - Currency: CAD
We assign a technical rating of 9 out of 10 to CCM. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Warning: CCM has an average volume of 28592 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, CCM did better than 85% of all other 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 is also trading in the upper part of its 52 week range, so CCM is performing more or less in line with the market.
In the last month CCM has a been trading in the 0.35 - 0.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
CCM is an average performer in the Metals & Mining industry, it outperforms 66% of 805 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
CCM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
0.33
0.38
We found 1 important support area.
- A support zone ranging from 0.33 to 0.33. 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 | NEUTRAL | NEUTRAL | The short term trend for CCM.CA is neutral. |
| ChartMill Relative Strength | 85.01 | POSITIVE | CCM.CA has a high relative strength, it outperformed 85.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CCM.CA is above 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) | 54.87 | NEUTRAL | The RSI value for CCM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CCM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.67 | NEUTRAL | The Stochastics value for CCM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.22 | MEDIUM VOLATILITY | The ATR as a percentage value for CCM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 11.09 | NEGATIVE | The low ADX value for CCM.CA suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.40 | 0.35 | 0.05 (12.50%) | 8.00% |
| An entry @0.40. This is a Buy Stop order right above the 10 day high. | An exit @0.35. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 12.50%. | For a 1.00% total portfolio risk, you can invest 8.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:CCM (6/5/2025, 7:00:00 PM)
0.38
+0.01 (+2.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.7%
1 Week2.7%
2 Weeks5.56%
1 Month0%
3 Month4.11%
6 Month28.81%
12 Month55.1%
2 Year55.1%
3 Year40.74%
5 Year-30.91%
10 Year52%
15 Year8.57%
Volatility
ATR(14)0.01
ATR(20)%3.22%
ATR Inc16.67%
Range Today0.02
ADR(20)0.01
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.01
Mansfield1.53
10 Day High0.39
10 Day Low0.36
20 Day High0.39
20 Day Low0.35
52 Week High0.4
52 Week Low0.2
CS1 End0.33
CR1 StartN/A
Volume & EV
DER(3)-9.81%
DER(5)-29.71%
Volume30.24K
Volume Incr-61.57%
Vol(5)12.03K
Vol(50)28.59K