CORUS ENTERTAINMENT INC-B SH (CJR-B.CA) Stock Technical Analysis
TSX:CJR-B - Toronto Stock Exchange - CA2208741017 - Common Stock - Currency: CAD
Taking everything into account, CJR-B scores 0 out of 10 in our technical rating. CJR-B scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CJR-B has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.09, a Stop Loss order could be placed below this zone.
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0.09
When analyzing the support we notice one important area.
- A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.11 from a trend 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 | DOWN | NEGATIVE | The long term trend for CJR-B.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CJR-B.CA is down. |
| ChartMill Relative Strength | 19.7 | NEGATIVE | CJR-B.CA has a low relative strength, it was outperformed by 80.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CJR-B.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CJR-B.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CJR-B.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.47 | NEUTRAL | The RSI value for CJR-B.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CJR-B.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for CJR-B.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.26 | HIGH VOLATILITY | The high ATR as a percentage value for CJR-B.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.97 | NEGATIVE | The low ADX value for CJR-B.CA suggests a weak or negative trend. |
TSX:CJR-B (8/1/2025, 7:00:00 PM)
0.095
0 (0%)