CALLINEX MINES INC (CNX.CA) Stock Technical Analysis
TSX-V:CNX - CA13124L7016 - Common Stock
0.74 CAD
-0.02 (-2.63%)
Overall CNX gets a technical rating of 1 out of 10. 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 short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
87% of all other stocks performed better in the past year than CNX.
CNX is part of the Metals & Mining industry. There are 803 other stocks in this industry, of which 75% are performing better than CNX.
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 11440 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
CNX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
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 0.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.65, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
0.91
We found 1 important support area.
- A support zone ranging from 0.63 to 0.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.76 to 0.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.86 from a trend line 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 | NEUTRAL | NEUTRAL | The short term trend for CNX.CA is neutral. |
| ChartMill Relative Strength | 13.73 | NEGATIVE | CNX.CA has a low relative strength, it was outperformed by 86.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNX.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CNX.CA is above 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) | 54.08 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 85.35 | OVERBOUGHT | The high Stochastics value suggests CNX.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.78 | HIGH VOLATILITY | The high ATR as a percentage value for CNX.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.49 | NEUTRAL | The ADX value for CNX.CA suggests a possible start of a new 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 (9/2/2025, 7:00:00 PM)
0.74
-0.02 (-2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-2.63%
1 Week1.37%
2 Weeks1.37%
1 Month5.71%
3 Month0%
6 Month1.37%
12 Month-21.28%
2 Year-67.26%
3 Year-71.09%
5 Year-72.08%
10 Year-78.24%
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%5.78%
ATR Inc52.94%
Range Today0.08
ADR(20)0.03
ADR(20)%4.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.73
Mansfield-1.8
10 Day High0.77
10 Day Low0.66
20 Day High0.77
20 Day Low0.63
52 Week High1.06
52 Week Low0.61
CS1 End0.65
CR1 Start0.76
Volume & EV
DER(3)0%
DER(5)0%
Volume22.69K
Volume Incr118.07%
Vol(5)19.95K
Vol(50)11.44K