Technical Analysis for CNE - Canacol Energy Ltd.

Grade Last Price % Change Price Change
grade D 4.31 0.70% 0.030
CNE closed up 0.7 percent on Friday, October 18, 2019, on 74 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Flat
See historical CNE trend table...

Date Alert Name Type % Chg
Cup with Handle Other 0.00%
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
Bullish Engulfing Bullish 0.70%
Oversold Stochastic Weakness 0.70%
Stochastic Reached Oversold Weakness 1.65%
Oversold Stochastic Weakness 1.65%
200 DMA Resistance Bearish 1.41%
180 Bearish Setup Bearish Swing Setup 1.41%

Older signals for CNE ...

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Profile
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.
Natural Gas Oil And Gas Exploration Crude Oil Natural Gas Exploration Dry Natural Gas Oil Equivalent
Is CNE a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 5.05
52 Week Low 3.54
Average Volume 128,070
200-Day Moving Average 4.4145
50-Day Moving Average 4.5978
20-Day Moving Average 4.4395
10-Day Moving Average 4.324
Average True Range 0.1287
ADX 30.48
+DI 10.1671
-DI 22.6609
Chandelier Exit (Long, 3 ATRs ) 4.3839
Chandelier Exit (Short, 3 ATRs ) 4.5761
Upper Bollinger Band 4.7541
Lower Bollinger Band 4.1249
Percent B (%b) 0.29
BandWidth 14.172767
MACD Line -0.1
MACD Signal Line -0.0902
MACD Histogram -0.0099
Fundamentals Value
Market Cap 757.7 Million
Num Shares 176 Million
EPS 0.09
Price-to-Earnings (P/E) Ratio 47.89
Price-to-Sales 4.29
Price-to-Book 1.83
PEG Ratio 0.00
Dividend 0.00
Dividend Yield 0.00%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.370
Resistance 3 (R3) 4.367 4.343 4.360
Resistance 2 (R2) 4.343 4.328 4.345 4.357
Resistance 1 (R1) 4.327 4.319 4.335 4.330 4.353
Pivot Point 4.303 4.303 4.308 4.305 4.303
Support 1 (S1) 4.287 4.288 4.295 4.290 4.267
Support 2 (S2) 4.263 4.279 4.265 4.263
Support 3 (S3) 4.247 4.263 4.260
Support 4 (S4) 4.250