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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Canacol Energy Ltd (TSE:CNE)
Sidelines Mode (-55) - CNE is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid CNE?
MarketClub looks at technical strength and momentum to determine if the timing is right for CNE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for CNE
The long-term trend has been DOWN since Oct 3rd, 2023 at 10.30
The intermediate-term trend has been UP since Apr 24th, 2024 at 4.81
The short-term trend has been DOWN since May 8th, 2024 at 4.90
Smart Scan Analysis for CNE
Based on our trend formula, CNE is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4.94 | 4.95 | 4.88 | 4.94 | +0.12 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4.82 | 31038 | 2024-05-09 13:50:41 |
| Year High | 4.76 | Year High Date | 2018-01-15 |
| Year Low | 3.535 | Year Low Date | 2018-10-26 |
| 52wk High | 4.76 | 52wk High Date | 2018-01-15 |
| 52wk Low | 3.535 | 52wk Low Date | 2018-10-26 |
| Year End Close | 3.19 | Average Volume | 241,767 |
| Volatility | 40.5 |