SHAMARAN PETROLEUM CORP (SNM.CA) Stock Technical Analysis
TSX-V:SNM - TSX Venture Exchange - CA8193201024 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to SNM. Both in the recent history as in the last year, SNM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SNM is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, SNM also shows a nice and consistent pattern of rising prices.
SNM is part of the Oil, Gas & Consumable Fuels industry. There are 214 other stocks in this industry. SNM outperforms 97% of them.
SNM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SNM has a been trading in the 0.17 - 0.24 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 SNM 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
0.17
0.24
We found 3 important support areas.
- Support @0.22 from a horizontal line in the daily time frame.
- Support @0.18 from a trend line in the weekly time frame.
- Support @0.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @0.24 from a horizontal line 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 SNM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNM.CA is up. |
| ChartMill Relative Strength | 95.15 | POSITIVE | SNM.CA has a high relative strength, it outperformed 95.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNM.CA is above 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) | 62.75 | NEUTRAL | The RSI value for SNM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SNM.CA has a positive trend. |
| Stochastics (14,3) | 79.49 | NEUTRAL | The Stochastics value for SNM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.94 | HIGH VOLATILITY | The high ATR as a percentage value for SNM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 22.03 | NEUTRAL | The ADX value for SNM.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)
TSX-V:SNM (7/16/2025, 7:00:00 PM)
0.24
+0.02 (+9.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg9.09%
1 Week9.09%
2 Weeks6.67%
1 Month33.33%
3 Month9.09%
6 Month84.62%
12 Month200%
2 Year336.36%
3 Year182.35%
5 Year700%
10 Year182.35%
15 Year-40%
Volatility
ATR(14)0.02
ATR(20)%5.94%
ATR Inc16.67%
Range Today0.02
ADR(20)0.01
ADR(20)%4.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.15
Mansfield5.87
10 Day High0.24
10 Day Low0.2
20 Day High0.24
20 Day Low0.18
52 Week High0.24
52 Week Low0.07
CS1 End0.22
CR1 Start0.24
Volume & EV
DER(3)-0.14%
DER(5)9.51%
Volume184.19K
Volume Incr53.64%
Vol(5)189.98K
Vol(50)123.03K