CANACOL ENERGY LTD (CNE.CA) Stock Technical Analysis
Canada - TSX:CNE - CA1348083025 - Common Stock
Overall CNE gets a technical rating of 1 out of 10. 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.
CNE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.22, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.17
When analyzing the support we notice one important area.
- A support zone ranging from 2.19 to 2.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 2.25 to 2.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.32 from a horizontal line in the daily time frame.
- A resistance zone ranging from 2.49 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.58 from a trend line in the weekly time frame.
- Resistance @2.83 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 | 15.35 | NEGATIVE | CNE.CA has a low relative strength, it was outperformed by 84.65% 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) | UP | MIXED | The current price of CNE.CA is below 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) | 42.7 | NEUTRAL | The RSI value for CNE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CNE.CA has a positive trend. |
| Stochastics (14,3) | 37.65 | NEUTRAL | The Stochastics value for CNE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for CNE.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 12.34 | NEGATIVE | The low ADX value for CNE.CA suggests a weak or negative trend. |
TSX:CNE (11/4/2025, 7:00:00 PM)
2.23
+0.03 (+1.36%)
CANACOL ENERGY LTD / CNE.CA FAQ
What is the technical rating for CNE stock?
ChartMill assigns a technical rating of 1 / 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 42.695. This indicates that the stock is currently neutral.
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 0.00118828, indicating a bearish trend.
What is the support and resistance level for CNE stock?
CANACOL ENERGY LTD (CNE.CA) has a support level at 2.22 and a resistance level at 2.25. Check the full technical report for our detailed analysis of CNE.CA support and resistance levels.