CN ENERGY GROUP INC-A (CNEY) Technical Analysis
NASDAQ:CNEY • VGG2181K2048
Current stock price
CNEY Technical Rating and Analysis
Taking everything into account, CNEY scores 1 out of 10 in our technical rating. CNEY'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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 98% of all other stocks performed better in the past year than CNEY.
- CNEY is part of the Chemicals industry. There are 82 other stocks in this industry, of which 95% are performing better than CNEY.
- CNEY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CNEY has a been trading in the 0.35 - 1.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
CNEY Weekly and Daily overview Charts
CNEY Setup Rating and Analysis
The technical rating of CNEY is bad and it also does not present a quality setup 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
CNEY Support and Resistance Analysis
0.41
When analyzing the support we notice one important area.
- Support @0.41 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.99 from a trend line in the daily time frame.
- A resistance zone ranging from 1.02 to 1.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
CNEY 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 CNEY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CNEY is neutral. |
| ChartMill Relative Strength | 2.9 | NEGATIVE | CNEY has a low relative strength, it was outperformed by 97.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNEY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNEY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNEY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.87 | NEUTRAL | The RSI value for CNEY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CNEY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.09 | NEUTRAL | The Stochastics value for CNEY is a neutral value. |
| Average True Range in percent/ATR (20) | 16 | HIGH VOLATILITY | The high ATR as a percentage value for CNEY suggests high volalility. |
| Average Directional Index/ADX (14) | 26.37 | POSITIVE | The high ADX value value for CNEY suggests a strong trend. |
CNEY Chart- and CandleStick Pattern Analysis
CNEY Technicals: Chart, Performance Metrics, Trend & Indicators
0.6377
-0.09 (-11.94%)
CN ENERGY GROUP INC-A / CNEY TA FAQ
What is the technical rating for CNEY stock?
ChartMill assigns a technical rating of 1 / 10 to CNEY.
What is the trend direction for CNEY stock?
The current trend direction for CN ENERGY GROUP INC-A (CNEY) is Bearish.
What is the RSI signal for CN ENERGY GROUP INC-A (CNEY) stock?
CN ENERGY GROUP INC-A (CNEY) has an RSI value of 50.8745. This indicates that the stock is currently neutral.
What are the support and resistance levels for CN ENERGY GROUP INC-A (CNEY) stock?
CN ENERGY GROUP INC-A (CNEY) has a support level at 0.41 and a resistance level at 0.72. Check the full technical report for our detailed analysis of CNEY support and resistance levels.