SHAMARAN PETROLEUM CORP (SNM.CA) Stock Technical Analysis
Canada - TSX-V:SNM - CA8193201024 - Common Stock
We assign a technical rating of 7 out of 10 to SNM. In the last year, SNM was one of the better performers, but we do observe some doubts in the very recent evolution.
Although SNM has an excellent technical rating, it does not present a decent entry opportunity 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
0.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.22 from a trend line in the daily time frame.
- A support zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 SNM.CA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNM.CA is down. |
| ChartMill Relative Strength | 92.92 | POSITIVE | SNM.CA has a high relative strength, it outperformed 92.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNM.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SNM.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.77 | NEUTRAL | The RSI value for SNM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SNM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.07 | OVERSOLD | The low Stochastics value suggests SNM.CA may be oversold. |
| Average True Range in percent/ATR (20) | 5.96 | HIGH VOLATILITY | The high ATR as a percentage value for SNM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.61 | NEGATIVE | The low ADX value for SNM.CA suggests a weak or negative trend. |
TSX-V:SNM (10/23/2025, 7:00:00 PM)
0.235
+0.01 (+4.44%)
SHAMARAN PETROLEUM CORP / SNM.CA FAQ
What is the ChartMill technical rating of SHAMARAN PETROLEUM CORP (SNM.CA) stock?
ChartMill assigns a technical rating of 7 / 10 to SNM.CA.
Can you provide the trend direction for SHAMARAN PETROLEUM CORP?
The current trend direction for SHAMARAN PETROLEUM CORP (SNM.CA) is Bullish.
Can you provide the RSI signal for SHAMARAN PETROLEUM CORP?
SHAMARAN PETROLEUM CORP (SNM.CA) has an RSI value of 45.7739. This indicates that the stock is currently neutral.
What is the short term momentum for SHAMARAN PETROLEUM CORP (SNM.CA) stock?
The short term momentum for SHAMARAN PETROLEUM CORP (SNM.CA) is negative.
What are the support and resistance levels for SHAMARAN PETROLEUM CORP (SNM.CA) stock?
SHAMARAN PETROLEUM CORP (SNM.CA) has a support level at 0.23 and a resistance level at 0.24. Check the full technical report for our detailed analysis of SNM.CA support and resistance levels.