CANADA NICKEL CO INC (CNC.CA) Stock Technical Analysis
TSX-V:CNC - TSX Venture Exchange - CA13515Q1037 - Common Stock - Currency: CAD
Overall CNC gets a technical rating of 0 out of 10. CNC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
88% of all other stocks performed better in the past year than CNC.
CNC is part of the Metals & Mining industry. There are 808 other stocks in this industry, of which 73% are performing better than CNC.
CNC is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CNC is lagging the market.
CNC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
CNC has a poor technical rating and the quality of the setup is also not perfect at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.84
1.17
We found 2 important support areas.
- Support @0.87 from a trend line in the daily time frame.
- Support @0.85 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 0.91 to 0.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.98 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.00 to 1.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.07 from a trend line in the weekly time frame.
- Resistance @1.16 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 CNC.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNC.CA is down. |
| ChartMill Relative Strength | 12.18 | NEGATIVE | CNC.CA has a low relative strength, it was outperformed by 87.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNC.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNC.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNC.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.29 | NEUTRAL | The RSI value for CNC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests CNC.CA has a negative trend. |
| Stochastics (14,3) | 20.72 | NEUTRAL | The Stochastics value for CNC.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for CNC.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.57 | NEUTRAL | The ADX value for CNC.CA suggests a possible start of a new 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)
TSX-V:CNC (6/20/2025, 7:00:00 PM)
0.88
-0.03 (-3.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-3.3%
1 Week2.33%
2 Weeks-12%
1 Month-4.35%
3 Month-12.87%
6 Month-4.35%
12 Month-29.03%
2 Year-29.6%
3 Year-40.94%
5 Year-3.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%5.97%
ATR Inc-34.88%
Range Today0.04
ADR(20)0.05
ADR(20)%5.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.18
Mansfield-1.42
10 Day High1.19
10 Day Low0.82
20 Day High1.19
20 Day Low0.82
52 Week High1.31
52 Week Low0.74
CS1 End0.87
CR1 Start0.91
Volume & EV
DER(3)0%
DER(5)0%
Volume572.82K
Volume Incr12.59%
Vol(5)604.53K
Vol(50)350.69K