CANALASKA URANIUM LTD (CVV.CA) Stock Technical Analysis
TSX-V:CVV - TSX Venture Exchange - CA13709C1005 - Common Stock - Currency: CAD
Overall CVV gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CVV is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CVV did better than 83% of all other stocks. We also observe that the gains produced by CVV over the past year are nicely spread over this period.
CVV is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 91% of 212 stocks in the same industry.
CVV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CVV is performing more or less in line with the market.
In the last month CVV has a been trading in the 0.77 - 0.91 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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CVV has an excellent technical rating, the quality of the presented setup is not ideal 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
0.67
0.95
4 important support areas can be observed.
- A support zone ranging from 0.79 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.75 from a trend line in the weekly time frame.
- Support @0.73 from a horizontal line in the daily time frame.
- Support @0.68 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.94 to 0.94. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for CVV.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CVV.CA is up. |
| ChartMill Relative Strength | 83.36 | POSITIVE | CVV.CA has a high relative strength, it outperformed 83.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CVV.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CVV.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CVV.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.51 | NEUTRAL | The RSI value for CVV.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CVV.CA has a positive trend. |
| Stochastics (14,3) | 85.71 | OVERBOUGHT | The high Stochastics value suggests CVV.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.58 | HIGH VOLATILITY | The high ATR as a percentage value for CVV.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 20.31 | NEUTRAL | The ADX value for CVV.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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.95 | 0.78 | 0.17 (17.89%) | 5.59% |
| An entry @0.95. This is a Buy Stop order right above the resistance zone. | An exit @0.78. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.17 points, which is 17.89%. | When investing 5.59% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX-V:CVV (6/20/2025, 7:00:00 PM)
0.91
+0.03 (+3.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.41%
1 Week13.75%
2 Weeks7.06%
1 Month8.33%
3 Month5.81%
6 Month22.97%
12 Month49.18%
2 Year184.38%
3 Year219.3%
5 Year506.67%
10 Year420%
15 Year-90.9%
Volatility
ATR(14)0.05
ATR(20)%5.58%
ATR Inc2.94%
Range Today0.07
ADR(20)0.05
ADR(20)%5.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.36
Mansfield1.8
10 Day High0.91
10 Day Low0.79
20 Day High0.91
20 Day Low0.77
52 Week High1
52 Week Low0.54
CS1 End0.81
CR1 Start0.94
Volume & EV
DER(3)0%
DER(5)0%
Volume970.80K
Volume Incr20.06%
Vol(5)599.53K
Vol(50)422.06K