CANACOL ENERGY LTD (CNE.CA) Stock Technical Analysis
TSX:CNE - Toronto Stock Exchange - CA1348083025 - Common Stock - Currency: CAD
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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, CNE is a bad performer in the overall market: 92% of all stocks are doing better.
CNE is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 80% are performing better than CNE.
CNE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so CNE is lagging the market.
CNE 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.
Warning: CNE has an average volume of 26392 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
CNE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
2.73
4.32
When analyzing the resistance we notice 2 important areas.
- Resistance @3.14 from a horizontal line in the daily time frame.
- Resistance @4.28 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 | 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 | 8.48 | NEGATIVE | CNE.CA has a low relative strength, it was outperformed by 91.52% 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) | 44.48 | NEUTRAL | The RSI value for CNE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CNE.CA has a positive trend. |
| Stochastics (14,3) | 43.36 | NEUTRAL | The Stochastics value for CNE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for CNE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.4 | NEGATIVE | The low ADX value for CNE.CA suggests a weak or negative 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:CNE (6/6/2025, 7:00:00 PM)
2.76
+0.07 (+2.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg2.6%
1 Week0.36%
2 Weeks4.94%
1 Month-11.82%
3 Month-28.68%
6 Month-30.13%
12 Month-32.35%
2 Year-73.79%
3 Year-78.1%
5 Year-85.62%
10 Year-80.07%
15 Year-99.39%
Volatility
ATR(14)0.09
ATR(20)%4.08%
ATR Inc31.25%
Range Today0.16
ADR(20)0.11
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.48
Mansfield-2.74
10 Day High2.78
10 Day Low2.57
20 Day High3.19
20 Day Low2.57
52 Week High4.93
52 Week Low2.57
CS1 EndN/A
CR1 Start3.14
Volume & EV
DER(3)-27.3%
DER(5)-28.37%
Volume41.06K
Volume Incr-39.61%
Vol(5)21.83K
Vol(50)26.39K