SHAMARAN PETROLEUM CORP (SNM.CA) Stock Technical Analysis
TSX-V:SNM • CA8193201024
We assign a technical rating of 2 out of 10 to SNM. SNM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, SNM turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
- SNM is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 42% of 203 stocks in the same industry.
- SNM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SNM is lagging the market.
- In the last month SNM has a been trading in the 0.22 - 0.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
SNM has a poor technical rating and the quality of the setup is also 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
0.22
When analyzing the support we can see 2 important areas.
- Support @0.23 from a horizontal line in the daily time frame.
- Support @0.22 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.23 to 0.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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.
- A resistance zone ranging from 0.26 to 0.26. 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 | NEUTRAL | NEUTRAL | The long term trend for SNM.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNM.CA is neutral. |
| ChartMill Relative Strength | 45.64 | NEUTRAL | SNM.CA is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of SNM.CA is below a declining 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) | 40.76 | 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) | 40 | NEUTRAL | The Stochastics value for SNM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for SNM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.26 | NEGATIVE | The low ADX value for SNM.CA suggests a weak or negative trend. |
TSX-V:SNM (2/20/2026, 7:00:00 PM)
0.23
0 (0%)
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 2 / 10 to SNM.CA.
What is the current trend direction of SHAMARAN PETROLEUM CORP (SNM.CA) stock?
The current trend direction for SHAMARAN PETROLEUM CORP (SNM.CA) is Bearish.
Can you provide the RSI signal for SHAMARAN PETROLEUM CORP?
SHAMARAN PETROLEUM CORP (SNM.CA) has an RSI value of 40.7606. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SHAMARAN PETROLEUM CORP?
The MACD indicator for SHAMARAN PETROLEUM CORP (SNM.CA) has a value of -0.00105451, indicating a bearish trend.
What is the short term momentum for SNM stock?
The short term momentum for SHAMARAN PETROLEUM CORP (SNM.CA) is neutral.