CANACOL ENERGY LTD (CNE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CNE - CA1348083025 - Common Stock
Taking everything into account, CNE scores 0 out of 10 in our technical rating. CNE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of CNE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.51
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.39 to 2.39. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.52 from a trend line in the weekly time frame.
- Resistance @2.74 from a trend line in the weekly time frame.
- Resistance @2.81 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 CNE.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNE.CA is down. |
| ChartMill Relative Strength | 4.93 | NEGATIVE | CNE.CA has a low relative strength, it was outperformed by 95.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNE.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 17.61 | OVERSOLD | The low RSI value suggests CNE.CA may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CNE.CA has a negative trend. |
| Stochastics (14,3) | 12.4 | OVERSOLD | The low Stochastics value suggests CNE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 8.69 | HIGH VOLATILITY | The high ATR as a percentage value for CNE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.65 | NEUTRAL | The ADX value for CNE.CA suggests a possible start of a new trend. |
TSX:CNE (11/17/2025, 7:00:00 PM)
1.53
-0.28 (-15.47%)
CANACOL ENERGY LTD / CNE.CA FAQ
What is the technical rating for CNE stock?
ChartMill assigns a technical rating of 0 / 10 to CNE.CA.
Can you provide the trend direction for CANACOL ENERGY LTD?
The current trend direction for CANACOL ENERGY LTD (CNE.CA) is Bearish.
What is the RSI signal for CANACOL ENERGY LTD (CNE.CA) stock?
CANACOL ENERGY LTD (CNE.CA) has an RSI value of 17.609. This indicates that the stock is currently oversold.
What is the MACD signal for CANACOL ENERGY LTD (CNE.CA) stock?
The MACD indicator for CANACOL ENERGY LTD (CNE.CA) has a value of -0.0500801, indicating a bearish trend.
What is the support and resistance level for CNE stock?
CANACOL ENERGY LTD (CNE.CA) has a resistance level at 2.39. Check the full technical report for our detailed analysis of CNE.CA support and resistance levels.