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CANAGOLD RESOURCES LTD (CCM.CA) Stock Technical Analysis

TSX:CCM - Toronto Stock Exchange - CA1368421014 - Common Stock - Currency: CAD

0.365  +0.02 (+5.8%)

Technical Rating and Analysis

10

Taking everything into account, CCM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, CCM 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.
Looking at the yearly performance, CCM did better than 91% of all other stocks. We also observe that the gains produced by CCM over the past year are nicely spread over this period.
CCM is one of the better performing stocks in the Metals & Mining industry, it outperforms 81% of 825 stocks in the same industry.
CCM is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so CCM slightly outperforms the market at the moment.
In the last month CCM has a been trading in the 0.29 - 0.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Weekly and Daily overview Charts
CANAGOLD RESOURCES LTD / CCM Weekly stock chart
CANAGOLD RESOURCES LTD / CCM Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, CCM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CCM in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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Support and Resistance Analysis

0.29

0.37

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @0.31 from a trend line in the weekly time frame.
  • Support @0.29 from a trend line in the daily time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.65
Mansfield2.44
10 Day High0.39
10 Day Low0.33
20 Day High0.39
20 Day Low0.29
52 Week High0.39
52 Week Low0.2
Performance
1 Week1.39%
2 Weeks4.29%
1 Month14.06%
3 Month23.73%
6 Month23.73%
12 Month82.5%
2 Year46%
3 Year-2.67%
5 Year82.5%
10 Year143.33%
15 Year-33.64%

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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)

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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)
Technical Indicators
MACD(12,26,9)0
RSI(14)56
LBB0.34
UBB0.39

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
0.400.330.07 (16.46%)6.08%
An entry @0.40. This is a Buy Stop order right above the 10 day high.An exit @0.33. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.07 points, which is 16.46%.When investing 6.08% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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CANAGOLD RESOURCES LTD / CCM Daily stock chart

CANAGOLD RESOURCES LTD

TSX:CCM (3/7/2025, 7:00:00 PM)

0.365

+0.02 (+5.8%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.8%
1 Week1.39%
2 Weeks4.29%
1 Month14.06%
3 Month23.73%
6 Month23.73%
12 Month82.5%
2 Year46%
3 Year-2.67%
5 Year82.5%
10 Year143.33%
15 Year-33.64%
Volatility
ATR(14)0.03
ATR(20)%7.33%
ATR Inc-55.7%
Range Today0.02
ADR(20)0.02
ADR(20)%6.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.65
Mansfield2.44
10 Day High0.39
10 Day Low0.33
20 Day High0.39
20 Day Low0.29
52 Week High0.39
52 Week Low0.2
CS1 End0.34
CR1 StartN/A
Volume & EV
DER(3)10.5%
DER(5)7.57%
Volume33.07K
Volume Incr-13.58%
Vol(5)40.57K
Vol(50)46.32K