Taking everything into account, CNEY scores 0 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.
CNEY has a poor technical rating and the quality of the setup is also only medium 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
0.65
When analyzing the resistance we notice one important area.
- Resistance @0.94 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 CNEY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNEY is down. |
| ChartMill Relative Strength | 1 | NEGATIVE | CNEY has a low relative strength, it was outperformed by 99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNEY is above 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) | 37.47 | NEUTRAL | The RSI value for CNEY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests CNEY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.38 | NEUTRAL | The Stochastics value for CNEY is a neutral value. |
| Average True Range in percent/ATR (20) | 10.59 | HIGH VOLATILITY | The high ATR as a percentage value for CNEY suggests high volalility. |
| Average Directional Index/ADX (14) | 58.19 | POSITIVE | The high ADX value value for CNEY suggests a strong trend. |
0.6602
-0.05 (-6.99%)
CN ENERGY GROUP INC-A / CNEY FAQ
What is the technical rating for CNEY stock?
ChartMill assigns a technical rating of 0 / 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 37.4739. 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 0.051012, 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 resistance level at 0.94. Check the full technical report for our detailed analysis of CNEY support and resistance levels.