SHAMARAN PETROLEUM CORP (SNM.CA) Stock Technical Analysis
TSX-V:SNM - CA8193201024 - Common Stock
0.21 CAD
-0.01 (-2.33%)
Overall SNM gets a technical rating of 7 out of 10. SNM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month SNM has a been trading in the 0.20 - 0.23 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, SNM did better than 92% of all other stocks. We also observe that the gains produced by SNM over the past year are nicely spread over this period.
SNM is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 95% of 215 stocks in the same industry.
SNM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SNM is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although SNM has an excellent technical rating, it does not offer a high quality setup 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
0.17
0.24
When analyzing the support we can see 4 important areas.
- Support @0.21 from a trend line in the daily time frame.
- Support @0.19 from a trend line in the weekly time frame.
- A support zone ranging from 0.18 to 0.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.17 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.23 from a trend line 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 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 | 92.36 | POSITIVE | SNM.CA has a high relative strength, it outperformed 92.36% 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) | 45.99 | 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) | 33.33 | NEUTRAL | The Stochastics value for SNM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for SNM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 11.16 | NEGATIVE | The low ADX value for SNM.CA suggests a weak or negative 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:SNM (9/3/2025, 7:00:00 PM)
0.21
-0.01 (-2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.33%
1 Week-6.67%
2 Weeks-4.55%
1 Month-6.67%
3 Month10.53%
6 Month7.69%
12 Month180%
2 Year320%
3 Year162.5%
5 Year320%
10 Year200%
15 Year-65%
Volatility
ATR(14)0.01
ATR(20)%3.21%
ATR Inc-12.5%
Range Today0.01
ADR(20)0.01
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.36
Mansfield2.13
10 Day High0.23
10 Day Low0.21
20 Day High0.23
20 Day Low0.21
52 Week High0.24
52 Week Low0.07
CS1 End0.21
CR1 Start0.21
Volume & EV
DER(3)0%
DER(5)-15.07%
Volume10.65K
Volume Incr22.99%
Vol(5)117.83K
Vol(50)116.43K