Taking everything into account, CNEY scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. CNEY was also a bad performer in the overall market in the last year.
- 97% of all other stocks performed better in the past year than CNEY.
- CNEY is part of the Chemicals industry. There are 83 other stocks in this industry, of which 92% 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.
- CNEY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- CNEY has an average volume of 2873170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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. 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.
More info and screens
0.98
We found 1 important support area.
- Support @0.99 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.03 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @1.07 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 CNEY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNEY is up. |
| ChartMill Relative Strength | 3.54 | NEGATIVE | CNEY has a low relative strength, it was outperformed by 96.46% 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 | MIXED | The current price of CNEY is above 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) | 62.71 | NEUTRAL | The RSI value for CNEY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CNEY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.42 | OVERBOUGHT | The high Stochastics value suggests CNEY may be overbought. |
| Average True Range in percent/ATR (20) | 15.75 | HIGH VOLATILITY | The high ATR as a percentage value for CNEY suggests high volalility. |
| Average Directional Index/ADX (14) | 38.81 | POSITIVE | The high ADX value value for CNEY suggests a strong trend. |
1.03
+0.03 (+3%)
CN ENERGY GROUP INC-A / CNEY FAQ
What is the technical rating for CNEY stock?
ChartMill assigns a technical rating of 3 / 10 to CNEY.
What is the current trend direction of CN ENERGY GROUP INC-A (CNEY) stock?
The current trend direction for CN ENERGY GROUP INC-A (CNEY) is Bearish.
What is the RSI signal for CNEY stock?
CN ENERGY GROUP INC-A (CNEY) has an RSI value of 62.7105. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CN ENERGY GROUP INC-A?
The MACD indicator for CN ENERGY GROUP INC-A (CNEY) has a value of 0.0265989, indicating a bearish trend.
Can you provide the support and resistance levels for CN ENERGY GROUP INC-A?
CN ENERGY GROUP INC-A (CNEY) has a support level at 0.99 and a resistance level at 1.03. Check the full technical report for our detailed analysis of CNEY support and resistance levels.