Technical Analysis for CNE - Canacol Energy Ltd.

Grade Last Price % Change Price Change
D 4.720 3.51% 0.160
CNE closed up 3.51 percent on Friday, May 24, 2024, on 1.45 times normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
MACD Bearish Centerline Cross Bearish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
Gapped Up Strength 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Signal Line Cross Bearish 3.51%

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Profile

Canacol Energy Ltd. Description

Canacol Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company is engaged in petroleum and natural gas exploration and development activities in Colombia and Ecuador. It owns approximately 0.5% interest in Oleoducto Bicentenario de Colombia (OBC), which owns a pipeline system that focuses on linking Llanos basin oil production to the Cano Limon oil pipeline system. It has reserves of approximately 79 million barrels of oil equivalent, which includes dry natural gas. Its production primarily consists of natural gas from its Nelson, Palmer and Clarinete fields in the Lower Magdalena Basin in Colombia; crude oil from its Leono, Labrador, Pantro, Tigro and Maltes fields in the Llanos Basin in Colombia, and tariff oil from the Ecuador IPC. Its Nelson and Palmer fields at the Esperanza block and Clarinete field at the VIM-5 block, located in the Lower Magdalena Basin in Colombia, produce dry natural gas for sale to local customers.


Classification

Sector: Energy
Industry: Oil & Gas E&P
Keywords: Energy Oil Natural Gas Oil And Gas Petroleum Pipe Crude Oil Pipeline Gas Exploration Oil And Gas Exploration Natural Gas Exploration Oil Equivalent Oil Production Magdalena Basin Limo Llanos Basin Pipeline System

Is CNE a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 11.8102
52 Week Low 4.25
Average Volume 59,383
200-Day Moving Average 6.992
50-Day Moving Average 4.879
20-Day Moving Average 4.932
10-Day Moving Average 4.948
Average True Range 0.196
RSI (14) 43.18
ADX 15.02
+DI 19.139
-DI 27.638
Chandelier Exit (Long, 3 ATRs) 4.652
Chandelier Exit (Short, 3 ATRs) 5.128
Upper Bollinger Bands 5.194
Lower Bollinger Band 4.669
Percent B (%b) 0.1
BandWidth 10.646
MACD Line -0.010
MACD Signal Line 0.023
MACD Histogram -0.0323
Fundamentals Value
Market Cap 848.94 Million
Num Shares 180 Million
EPS 0.11
Price-to-Earnings (P/E) Ratio 43.30
Price-to-Sales 1.85
Price-to-Book 2.44
PEG Ratio 0.00
Dividend 0.21
Dividend Yield 4.45%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.155
Resistance 3 (R3) 5.170 5.040 5.083
Resistance 2 (R2) 5.040 4.929 5.033 5.058
Resistance 1 (R1) 4.880 4.861 4.960 4.865 5.034
Pivot Point 4.750 4.750 4.790 4.743 4.750
Support 1 (S1) 4.590 4.639 4.670 4.575 4.406
Support 2 (S2) 4.460 4.571 4.453 4.382
Support 3 (S3) 4.300 4.460 4.358
Support 4 (S4) 4.285