CALLINEX MINES INC (CNX.CA) Stock Technical Analysis
Canada • TSX Venture Exchange • TSX-V:CNX • CA13124L7016
We assign a technical rating of 2 out of 10 to CNX. In the past year, CNX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 88% of all other stocks performed better in the past year than CNX.
- CNX is one of the lesser performing stocks in the Metals & Mining industry. 87% of 814 stocks in the same industry do better.
- CNX 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: CNX has an average volume of 15495 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month CNX has a been trading in the 0.66 - 0.76 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
CNX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.73, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.62
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.70 from a trend line in the daily time frame.
- Support @0.63 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @0.75 from a trend line in the daily time frame.
- Resistance @0.77 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 0.79 to 0.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @0.90 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 CNX.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNX.CA is up. |
| ChartMill Relative Strength | 12.32 | NEGATIVE | CNX.CA has a low relative strength, it was outperformed by 87.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CNX.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CNX.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CNX.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.38 | NEUTRAL | The RSI value for CNX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CNX.CA has a positive trend. |
| Stochastics (14,3) | 79.26 | NEUTRAL | The Stochastics value for CNX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CNX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 39.77 | POSITIVE | The high ADX value value for CNX.CA suggests a strong trend. |
TSX-V:CNX (10/3/2025, 7:00:00 PM)
0.73
-0.01 (-1.35%)
CALLINEX MINES INC / CNX.CA FAQ
What is the ChartMill technical rating of CALLINEX MINES INC (CNX.CA) stock?
ChartMill assigns a technical rating of 2 / 10 to CNX.CA.
Can you provide the trend direction for CALLINEX MINES INC?
The current trend direction for CALLINEX MINES INC (CNX.CA) is Bearish.
Can you provide the RSI signal for CALLINEX MINES INC?
CALLINEX MINES INC (CNX.CA) has an RSI value of 51.3775. This indicates that the stock is currently neutral.
What is the MACD signal for CALLINEX MINES INC (CNX.CA) stock?
The MACD indicator for CALLINEX MINES INC (CNX.CA) has a value of 0.000860609, indicating a bearish trend.
What is the short term momentum for CALLINEX MINES INC (CNX.CA) stock?
The short term momentum for CALLINEX MINES INC (CNX.CA) is positive.