CANACOL ENERGY LTD (CNE.CA) Technical Analysis
TSX:CNE • CA1348083025
Current stock price
CNE.CA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to CNE. CNE'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 96% of all other stocks performed better in the past year than CNE.
- CNE is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 92% are performing better than CNE.
- CNE is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so CNE is lagging the market.
- In the last month CNE has a been trading in the 1.33 - 2.35 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
CNE.CA Weekly and Daily overview Charts
CNE.CA Setup Rating and Analysis
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
CNE.CA Support and Resistance Analysis
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.
CNE.CA Technical Indicator Signal Analysis
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. |
CNE.CA Chart- and CandleStick Pattern Analysis
CNE.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:CNE (11/17/2025, 7:00:00 PM)
1.53
-0.28 (-15.47%)
CANACOL ENERGY LTD / CNE.CA TA FAQ
What is the technical rating for CNE stock?
ChartMill assigns a technical rating of 0 / 10 to CNE.CA.
What is the current trend direction of CANACOL ENERGY LTD (CNE.CA) stock?
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 short term momentum for CNE stock?
The short term momentum for CANACOL ENERGY LTD (CNE.CA) is negative.
Can you provide the buy/sell signal for CANACOL ENERGY LTD?
The buy/sell signal for CANACOL ENERGY LTD (CNE.CA) is sell as both the short term and long term trends are negative.