CANTERRA MINERALS CORP (CTM.CA) Stock Technical Analysis
TSX-V:CTM - TSX Venture Exchange - CA1381342007 - Common Stock - Currency: CAD
Taking everything into account, CTM scores 6 out of 10 in our technical rating. In the past year, CTM was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CTM has a been trading in the 0.06 - 0.10 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, CTM did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
CTM is part of the Metals & Mining industry. There are 807 other stocks in this industry, CTM did better than 62% of them.
CTM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CTM is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CTM has an average technical rating and also the quality of the setup is only medium 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
0.06
0.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.06 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.11 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for CTM.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTM.CA is up. |
| ChartMill Relative Strength | 81.57 | POSITIVE | CTM.CA has a high relative strength, it outperformed 81.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CTM.CA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.4 | NEUTRAL | The RSI value for CTM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CTM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for CTM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 8.97 | HIGH VOLATILITY | The high ATR as a percentage value for CTM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 29.43 | POSITIVE | The high ADX value value for CTM.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:CTM (6/6/2025, 7:00:00 PM)
0.085
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0%
1 Week21.43%
2 Weeks21.43%
1 Month21.43%
3 Month6.25%
6 Month-10.53%
12 Month41.67%
2 Year41.67%
3 Year-15%
5 Year-57.5%
10 Year-85.83%
15 Year-92.92%
Volatility
ATR(14)0.01
ATR(20)%8.97%
ATR Inc-37.78%
Range Today0
ADR(20)0.01
ADR(20)%7.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.57
Mansfield1.79
10 Day High0.1
10 Day Low0.07
20 Day High0.1
20 Day Low0.06
52 Week High0.16
52 Week Low0.04
CS1 End0.07
CR1 Start0.09
Volume & EV
DER(3)14.76%
DER(5)21.63%
Volume189.00K
Volume Incr221.57%
Vol(5)455.47K
Vol(50)175.46K