SHAMARAN PETROLEUM CORP (SNM.CA) Stock Technical Analysis
TSX-V:SNM - TSX Venture Exchange - CA8193201024 - Common Stock - Currency: CAD
Overall SNM gets a technical rating of 9 out of 10. In the last year, SNM was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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. We also observe that the gains produced by SNM over the past year are nicely spread over this period.
SNM is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry. SNM outperforms 99% of them.
SNM is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so SNM is leading the market.
In the last month SNM has a been trading in the 0.20 - 0.24 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, SNM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.17
0.24
When analyzing the support we can see 4 important areas.
- A support zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.19 from a trend line in the weekly time frame.
- Support @0.18 from a trend line in the daily time frame.
- Support @0.17 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 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 multiple time frames.
- A resistance zone ranging from 0.24 to 0.24. 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 | 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 | 95.39 | POSITIVE | SNM.CA has a high relative strength, it outperformed 95.39% 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 | 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) | 54.06 | 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) | 37.5 | NEUTRAL | The Stochastics value for SNM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.78 | HIGH VOLATILITY | The high ATR as a percentage value for SNM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 17.11 | 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 (7/31/2025, 7:00:00 PM)
0.225
+0.02 (+7.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg7.14%
1 Week2.27%
2 Weeks-4.26%
1 Month-2.17%
3 Month15.38%
6 Month69.81%
12 Month200%
2 Year309.09%
3 Year164.71%
5 Year650%
10 Year164.71%
15 Year-43.75%
Volatility
ATR(14)0.01
ATR(20)%5.78%
ATR Inc-22.22%
Range Today0
ADR(20)0.01
ADR(20)%4.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.39
Mansfield4.22
10 Day High0.24
10 Day Low0.21
20 Day High0.24
20 Day Low0.2
52 Week High0.24
52 Week Low0.07
CS1 End0.2
CR1 Start0.23
Volume & EV
DER(3)-8.58%
DER(5)-27.49%
Volume500
Volume Incr-44.36%
Vol(5)88.34K
Vol(50)103.37K