SHAMARAN PETROLEUM CORP (SNM.CA) Stock Technical Analysis
Canada - TSX-V:SNM - CA8193201024 - Common Stock
Taking everything into account, SNM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNM is showing a nice and steady performance.
SNM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.23, a Stop Loss order could be placed below this zone.
More info and screens
0.22
We found 2 important support areas.
- A support zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.22 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.25 to 0.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.26 from a trend line in the daily time frame.
- A resistance zone ranging from 0.27 to 0.27. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for SNM.CA is neutral. |
| ChartMill Relative Strength | 87.79 | POSITIVE | SNM.CA has a high relative strength, it outperformed 87.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SNM.CA is below the rising 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) | 46.55 | 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. |
| Stochastics (14,3) | 36.51 | NEUTRAL | The Stochastics value for SNM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.26 | HIGH VOLATILITY | The high ATR as a percentage value for SNM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.63 | NEGATIVE | The low ADX value for SNM.CA suggests a weak or negative trend. |
TSX-V:SNM (11/20/2025, 7:00:00 PM)
0.24
+0.01 (+2.13%)
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 10 / 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 46.5549. 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 neutral.
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 0.25. Check the full technical report for our detailed analysis of SNM.CA support and resistance levels.