CANACOL ENERGY LTD (CNE.CA) Stock Technical Analysis
Canada - TSX:CNE - CA1348083025 - Common Stock
2.83 CAD
-0.03 (-1.05%)
We assign a technical rating of 5 out of 10 to CNE. Recently some decent action could be observed, but in the medium term time frame this is still negative. CNE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CNE is a bad performer in the overall market: 85% of all stocks are doing better.
CNE is part of the Oil, Gas & Consumable Fuels industry. There are 216 other stocks in this industry, of which 68% are performing better than CNE.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month CNE has a been trading in the 1.58 - 2.93 range, which is quite wide. It is currently trading near the high of this range.
CNE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNE is lagging the market.
CNE has an average technical rating and also the quality of the setup is only medium 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.
More info and screens
2.65
2.97
When analyzing the support we notice one important area.
- A support zone ranging from 2.68 to 2.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.83 to 2.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.94 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 CNE.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNE.CA is up. |
| ChartMill Relative Strength | 15.82 | NEGATIVE | CNE.CA has a low relative strength, it was outperformed by 84.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNE.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNE.CA is above the rising 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) | 65.76 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 90.78 | OVERBOUGHT | The high Stochastics value suggests CNE.CA may be overbought. |
| Average True Range in percent/ATR (20) | 8.03 | HIGH VOLATILITY | The high ATR as a percentage value for CNE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 57.62 | POSITIVE | The high ADX value value for CNE.CA suggests a strong 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 (9/19/2025, 7:00:00 PM)
2.83
-0.03 (-1.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.05%
1 Week3.66%
2 Weeks1.07%
1 Month72.56%
3 Month3.66%
6 Month-26.3%
12 Month-15.77%
2 Year-73.63%
3 Year-69.73%
5 Year-84.01%
10 Year-78.31%
15 Year-99.56%
Volatility
ATR(14)0.2
ATR(20)%8.03%
ATR Inc-55.88%
Range Today0.16
ADR(20)0.23
ADR(20)%7.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.82
Mansfield-1.94
10 Day High2.93
10 Day Low2.67
20 Day High2.93
20 Day Low1.58
52 Week High4.45
52 Week Low1.58
CS1 End2.72
CR1 Start2.83
Volume & EV
DER(3)2.84%
DER(5)2.19%
Volume26.12K
Volume Incr-49.31%
Vol(5)52.55K
Vol(50)65.66K