CANACOL ENERGY LTD (CNE.CA) Stock Technical Analysis
TSX:CNE - Toronto Stock Exchange - CA1348083025 - Common Stock - Currency: CAD
Overall CNE gets a technical rating of 3 out of 10. In the last year, CNE was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, CNE is a bad performer in the overall market: 81% of all stocks are doing better.
In the last month CNE has a been trading in the 3.66 - 4.01 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CNE is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 40% of 221 stocks in the same industry.
CNE is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, CNE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.85, a Stop Loss order could be placed below this zone.
More info and screens
3.40
4.45
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.69 to 3.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.43 to 3.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.92 to 3.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.19 from a trend line in the daily time frame.
- Resistance @4.41 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.35
Mansfield-0.74
10 Day High3.95
10 Day Low3.66
20 Day High4.01
20 Day Low3.66
52 Week High6.18
52 Week Low2.76
Performance
1 Week0.78%
2 Weeks0.52%
1 Month-0.77%
3 Month-2.03%
6 Month13.82%
12 Month-28.6%
2 Year-65.66%
3 Year-75.27%
5 Year-78.32%
10 Year-72.84%
15 Year-98.88%
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)53.1
LBB3.73
UBB3.95
TSX:CNE (3/7/2025, 7:00:00 PM)
3.87
+0.04 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.04%
1 Week0.78%
2 Weeks0.52%
1 Month-0.77%
3 Month-2.03%
6 Month13.82%
12 Month-28.6%
2 Year-65.66%
3 Year-75.27%
5 Year-78.32%
10 Year-72.84%
15 Year-98.88%
Volatility
ATR(14)0.11
ATR(20)%3.01%
ATR Inc18.95%
Range Today0.14
ADR(20)0.11
ADR(20)%2.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.35
Mansfield-0.74
10 Day High3.95
10 Day Low3.66
20 Day High4.01
20 Day Low3.66
52 Week High6.18
52 Week Low2.76
CS1 End3.85
CR1 Start3.92
Volume & EV
DER(3)0%
DER(5)-2.87%
Volume4.01K
Volume Incr-54.6%
Vol(5)11.59K
Vol(50)33.28K