SAVVYSHORT GEARED CRUDE OIL (CLDN.CA) Stock Technical Analysis
TSX:CLDN - Toronto Stock Exchange - CA54315B8217 - ETF - Currency: CAD
We assign a technical rating of 3 out of 10 to CLDN. In the last year, CLDN was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
The technical rating of CLDN 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.
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20.53
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.75 to 20.93. 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 CLDN.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CLDN.CA is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | CLDN.CA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 58.12 | NEUTRAL | The RSI value for CLDN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CLDN.CA has a negative trend. |
| Stochastics (14,3) | 95.63 | OVERBOUGHT | The high Stochastics value suggests CLDN.CA may be overbought. |
| Average Directional Index/ADX (14) | 26.91 | POSITIVE | The high ADX value value for CLDN.CA suggests a strong trend. |
TSX:CLDN (5/29/2025, 7:00:00 PM)
20.74
+0.39 (+1.92%)