CANACOL ENERGY LTD (CNE.CA) Stock Technical Analysis
Canada • Toronto Stock Exchange • TSX:CNE • CA1348083025
We assign a technical rating of 0 out of 10 to CNE. 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: 96% of all stocks are doing better.
- CNE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 86% of 212 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 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.
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
1.51
4 important resistance areas can be observed.
- 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.
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. |
TSX:CNE (11/17/2025, 7:00:00 PM)
1.53
-0.28 (-15.47%)
CANACOL ENERGY LTD / CNE.CA 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.