CANADIAN NORTH RESOURCES INC (CNRI.CA) Stock Technical Analysis
TSX-V:CNRI - TSX Venture Exchange - CA1364271017 - Common Stock - Currency: CAD
We assign a technical rating of 0 out of 10 to CNRI. CNRI 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.
95% of all other stocks performed better in the past year than CNRI.
CNRI is one of the lesser performing stocks in the Metals & Mining industry. 86% of 797 stocks in the same industry do better.
CNRI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: CNRI has an average volume of 4498 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month CNRI has a been trading in the 0.58 - 0.95 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.
CNRI 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
0.68
1.11
When analyzing the support we notice one important area.
- A support zone ranging from 0.69 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.70 to 0.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.90 to 0.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.94 from a trend line in the weekly time frame.
- Resistance @1.03 from a horizontal line in the daily time frame.
- Strong resistance @1.10 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 CNRI.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CNRI.CA is down. |
| ChartMill Relative Strength | 5.69 | NEGATIVE | CNRI.CA has a low relative strength, it was outperformed by 94.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CNRI.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CNRI.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNRI.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.19 | NEUTRAL | The RSI value for CNRI.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CNRI.CA has a positive trend. |
| Stochastics (14,3) | 38.53 | NEUTRAL | The Stochastics value for CNRI.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for CNRI.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 37.42 | POSITIVE | The high ADX value value for CNRI.CA 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)
TSX-V:CNRI (8/8/2025, 7:00:00 PM)
0.7
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week0%
2 Weeks-6.67%
1 Month-17.65%
3 Month-32.04%
6 Month-36.36%
12 Month-30.69%
2 Year-75.61%
3 Year-70.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%4.93%
ATR Inc-74.55%
Range Today0.01
ADR(20)0.02
ADR(20)%2.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.69
Mansfield-3.68
10 Day High0.72
10 Day Low0.58
20 Day High0.95
20 Day Low0.58
52 Week High1.2
52 Week Low0.58
CS1 End0.69
CR1 Start0.7
Volume & EV
DER(3)0%
DER(5)0%
Volume18.57K
Volume Incr114.22%
Vol(5)11.22K
Vol(50)4.50K