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Stock Trend Analysis Report

Prepared for you on Wednesday, April 24, 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.

TSE_CNE
Open High Low CNE Price Change
4.54 4.69 4.54 4.66 +0.06
Entry Signal

MarketClub’s Trade Triangles for CNE

long term down The long-term trend has been DOWN since Oct 3rd, 2023 at 10.30

intermediate term down The intermediate-term trend has been DOWN since Mar 22nd, 2024 at 4.93

short term up The short-term trend has been UP since Apr 18th, 2024 at 4.51

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).

-55
Smart Scan Analysis for CNE
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4.54 4.69 4.54 4.66 +0.06
Prev. Close Volume Bid Ask Time
4.66 22907 2024-04-23 16:00:00
Year High4.76Year High Date2018-01-15
Year Low3.535Year Low Date2018-10-26
52wk High4.7652wk High Date2018-01-15
52wk Low3.53552wk Low Date2018-10-26
Year End Close3.19Average Volume241,767
Volatility40.5
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