CN ENERGY GROUP INC-A (CNEY) Stock Technical Analysis
NASDAQ:CNEY - Nasdaq - VGG2181K1131 - Common Stock - Currency: USD
Overall CNEY gets a technical rating of 0 out of 10. CNEY 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, CNEY is a bad performer in the overall market: 98% of all stocks are doing better.
CNEY is part of the Chemicals industry. There are 85 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.
In the last month CNEY has a been trading in the 2.53 - 4.57 range, which is quite wide. It is currently trading near the lows of this range.
CNEY has an average volume of 14652100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
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 very little resistance above the current price.
More info and screens
2.80
3.70
When analyzing the support we notice one important area.
- A support zone ranging from 2.83 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 4 important resistance areas.
- Resistance @2.96 from a horizontal line in the daily time frame.
- Resistance @3.08 from a trend line in the daily time frame.
- A resistance zone ranging from 3.25 to 3.28. 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 3.62 to 3.66. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly 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 | DOWN | NEGATIVE | The short term trend for CNEY is down. |
| ChartMill Relative Strength | 2.6 | NEGATIVE | CNEY has a low relative strength, it was outperformed by 97.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNEY is below a declining 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) | 43.51 | NEUTRAL | The RSI value for CNEY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests CNEY has a positive trend. |
| Stochastics (14,3) | 56.2 | NEUTRAL | The Stochastics value for CNEY is a neutral value. |
| Average True Range in percent/ATR (20) | 11.66 | HIGH VOLATILITY | The high ATR as a percentage value for CNEY suggests high volalility. |
| Average Directional Index/ADX (14) | 38.96 | POSITIVE | The high ADX value value for CNEY suggests a strong 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)
2.89
-0.05 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.73%
1 Week2.85%
2 Weeks0.35%
1 Month-36.48%
3 Month-34.39%
6 Month-63.99%
12 Month-76.2%
2 Year-98.09%
3 Year-99.83%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%11.66%
ATR Inc-23.44%
Range Today0.27
ADR(20)0.33
ADR(20)%11.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.6
Mansfield-6.57
10 Day High3.09
10 Day Low2.6
20 Day High4.57
20 Day Low2.53
52 Week High40
52 Week Low2.53
CS1 End2.84
CR1 Start2.96
Volume & EV
DER(3)-7.97%
DER(5)-6.58%
Volume70.20K
Volume Incr-99.7%
Vol(5)55.16K
Vol(50)14.65M