CANAGOLD RESOURCES LTD (CCM.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CCM - CA1368421014 - Common Stock
We assign a technical rating of 1 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.
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
0.39
When analyzing the support we can see 4 important areas.
- Support @0.42 from a trend line in the daily 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.
- Support @0.40 from a trend line in the daily time frame.
- Support @0.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.43 to 0.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.47 from a horizontal line in the weekly time frame.
- Resistance @0.49 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The short term trend for CCM.CA is down. |
| ChartMill Relative Strength | 67.38 | 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) | 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) | 41.7 | 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) | 28.07 | NEUTRAL | The Stochastics value for CCM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for CCM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 28.01 | POSITIVE | The high ADX value value for CCM.CA suggests a strong trend. |
TSX:CCM (11/21/2025, 7:00:00 PM)
0.425
-0.01 (-1.16%)
CANAGOLD RESOURCES LTD / CCM.CA FAQ
Can you provide the ChartMill technical rating for CANAGOLD RESOURCES LTD?
ChartMill assigns a technical rating of 1 / 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 41.6998. 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 -0.00260692, 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 negative.