Cequence Energy Ltd (CQE.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:CQE -
We assign a technical rating of 4 out of 10 to CQE. In the past year, CQE 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.
CQE has an average technical rating and it also does not offer a high quality setup 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
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We found 2 important support areas.
- A support zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 0.12 to 0.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.16 to 0.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.17 from a trend line in the daily time frame.
- Resistance @0.21 from a trend line in the weekly time frame.
- Resistance @0.26 from a trend line in the weekly time frame.
- Resistance @0.28 from a trend 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 CQE.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CQE.CA is up. |
| ChartMill Relative Strength | 6.36 | NEGATIVE | CQE.CA has a low relative strength, it was outperformed by 93.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CQE.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CQE.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CQE.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.68 | NEUTRAL | The RSI value for CQE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CQE.CA has a negative trend. |
| Stochastics (14,3) | 20 | NEUTRAL | The Stochastics value for CQE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.33 | HIGH VOLATILITY | The high ATR as a percentage value for CQE.CA suggests high volalility. |
TSX:CQE (5/29/2020, 9:20:59 PM)
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Cequence Energy Ltd / CQE.CA FAQ
Can you provide the ChartMill technical rating for Cequence Energy Ltd?
ChartMill assigns a technical rating of 4 / 10 to CQE.CA.
What is the trend direction for CQE stock?
The current trend direction for Cequence Energy Ltd (CQE.CA) is Bearish.
What is the RSI signal for CQE stock?
Cequence Energy Ltd (CQE.CA) has an RSI value of 52.6809. This indicates that the stock is currently neutral.
What is the MACD signal for Cequence Energy Ltd (CQE.CA) stock?
The MACD indicator for Cequence Energy Ltd (CQE.CA) has a value of -0.00114939, indicating a bearish trend.
Can you provide the short term momentum for Cequence Energy Ltd?
The short term momentum for Cequence Energy Ltd (CQE.CA) is positive.