CN ENERGY GROUP INC-A (CNEY) Stock Technical Analysis
USA - NASDAQ:CNEY - VGG2181K2048 - Common Stock
We assign a technical rating of 1 out of 10 to CNEY. 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.
CNEY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.09, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CNEY 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.
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2.05
When analyzing the support we notice one important area.
- A support zone ranging from 2.07 to 2.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 2.32 to 2.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.47 to 2.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 3.65 | NEGATIVE | CNEY has a low relative strength, it was outperformed by 96.35% 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) | 50.89 | NEUTRAL | The RSI value for CNEY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CNEY has a positive trend. |
| Stochastics (14,3) | 63.04 | NEUTRAL | The Stochastics value for CNEY is a neutral value. |
| Average True Range in percent/ATR (20) | 12.21 | HIGH VOLATILITY | The high ATR as a percentage value for CNEY suggests high volalility. |
| Average Directional Index/ADX (14) | 18.52 | NEGATIVE | The low ADX value for CNEY suggests a weak or negative trend. |
NASDAQ:CNEY (9/19/2025, 6:27:03 PM)
2.29
+0.15 (+7.01%)