CALLINEX MINES INC (CNX.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:CNX - CA13124L7016 - Common Stock
We assign a technical rating of 2 out of 10 to CNX. Recently some decent action could be observed, but in the medium term time frame this is still negative. CNX was also a bad performer in the overall market in the last year.
Although the technical rating is bad, CNX does present a nice setup opportunity. 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. 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
We found 3 important support 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.
When analyzing the resistance we notice 4 important areas.
- 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.
What is the trend direction for CNX stock?
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.
Can you provide the MACD signal for CALLINEX MINES INC?
The MACD indicator for CALLINEX MINES INC (CNX.CA) has a value of 0.000860609, indicating a bearish trend.
What is the support and resistance level for CNX stock?
CALLINEX MINES INC (CNX.CA) has a support level at 0.73 and a resistance level at 0.75. Check the full technical report for our detailed analysis of CNX.CA support and resistance levels.