CANACOL ENERGY LTD (CNE.CA) Stock Technical Analysis
TSX:CNE - Toronto Stock Exchange - CA1348083025 - Common Stock - Currency: CAD
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.
94% of all other stocks performed better in the past year than CNE.
CNE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 83% of 210 stocks in the same industry do better.
CNE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month CNE has a been trading in the 2.56 - 2.78 range, which is quite wide. It is currently trading near the lows of this range.
Warning: CNE has an average volume of 29289 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CNE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.53
4.32
3 important resistance areas can be observed.
- A resistance zone ranging from 2.61 to 2.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 2.75 to 2.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 6.24 | NEGATIVE | CNE.CA has a low relative strength, it was outperformed by 93.76% 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) | 36.29 | NEUTRAL | The RSI value for CNE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CNE.CA has a negative trend. |
| Stochastics (14,3) | 6.3 | OVERSOLD | The low Stochastics value suggests CNE.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for CNE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 10.37 | 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 (7/4/2025, 7:00:00 PM)
2.56
-0.02 (-0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.78%
1 Week-3.03%
2 Weeks-6.57%
1 Month-4.83%
3 Month-23.58%
6 Month-32.45%
12 Month-41.82%
2 Year-78.03%
3 Year-79.19%
5 Year-85.41%
10 Year-79.52%
15 Year-99.55%
Volatility
ATR(14)0.07
ATR(20)%2.81%
ATR Inc-36.36%
Range Today0.03
ADR(20)0.07
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.24
Mansfield-3.27
10 Day High2.74
10 Day Low2.56
20 Day High2.78
20 Day Low2.56
52 Week High4.93
52 Week Low2.56
CS1 EndN/A
CR1 Start2.61
Volume & EV
DER(3)0%
DER(5)0%
Volume15.37K
Volume Incr-25.06%
Vol(5)17.05K
Vol(50)29.29K