CALLINEX MINES INC (CNX.CA) Stock Technical Analysis
TSX-V:CNX - TSX Venture Exchange - CA13124L7016 - Common Stock - Currency: CAD
We assign a technical rating of 0 out of 10 to CNX. CNX'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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, CNX is a bad performer in the overall market: 92% of all stocks are doing better.
CNX is one of the lesser performing stocks in the Metals & Mining industry. 81% of 806 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 11121 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 0.61 - 0.75 range, which is quite wide. It is currently trading near the high of this range.
CNX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.72. Right above this resistance zone may be a good entry point.
More info and screens
0.70
0.91
We can see 3 important resistance areas.
- A resistance 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.
- A resistance zone ranging from 0.78 to 0.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for CNX.CA is neutral. |
| ChartMill Relative Strength | 8.81 | NEGATIVE | CNX.CA has a low relative strength, it was outperformed by 91.19% 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) | DOWN | NEGATIVE | The current price of CNX.CA is below a declining 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) | 49.84 | NEUTRAL | The RSI value for CNX.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CNX.CA has a positive trend. |
| Stochastics (14,3) | 73.81 | NEUTRAL | The Stochastics value for CNX.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for CNX.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.89 | POSITIVE | The high ADX value value for CNX.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:CNX (7/29/2025, 7:00:00 PM)
0.71
-0.02 (-2.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.74%
1 Week5.97%
2 Weeks1.43%
1 Month-1.39%
3 Month-14.46%
6 Month-7.79%
12 Month-28.28%
2 Year-73.7%
3 Year-68.86%
5 Year-68.02%
10 Year-78.15%
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%4.44%
ATR Inc19.51%
Range Today0.04
ADR(20)0.02
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.81
Mansfield-2.43
10 Day High0.75
10 Day Low0.61
20 Day High0.75
20 Day Low0.61
52 Week High1.11
52 Week Low0.61
CS1 EndN/A
CR1 Start0.72
Volume & EV
DER(3)0%
DER(5)0%
Volume2.60K
Volume Incr-2.58%
Vol(5)9.70K
Vol(50)11.12K