Technical Analysis for CNE - Canacol Energy Ltd.

Grade Last Price % Change Price Change
D 6.900 0.73% 0.050
CNE closed up 0.73 percent on Tuesday, November 28, 2023, on 38 percent of normal volume.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
20 DMA Resistance Bearish 0.00%
Gapped Up Strength 0.00%
Fell Below 20 DMA Bearish 0.73%
180 Bearish Setup Bearish Swing Setup 0.73%
Gapped Down Weakness 0.73%
20 DMA Support Bullish -1.57%
Hammer Candlestick Bullish -1.57%
Narrow Range Bar Range Contraction -1.57%
Doji - Bullish? Reversal -1.57%
180 Bearish Setup Bearish Swing Setup -1.43%

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Alert Time
Rose Above Previous Day's High about 24 hours ago
20 DMA Resistance about 24 hours ago
Up 2% about 24 hours ago
Up 1% about 24 hours ago
20 DMA Resistance 2 days ago

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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 Oil And Gas Natural Gas Petroleum Pipe Pipeline Crude Oil 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 12.252
52 Week Low 1.6293
Average Volume 50,145
200-Day Moving Average 10.075
50-Day Moving Average 8.561
20-Day Moving Average 6.947
10-Day Moving Average 7.108
Average True Range 0.322
RSI (14) 39.39
ADX 36.34
+DI 18.560
-DI 32.141
Chandelier Exit (Long, 3 ATRs) 6.725
Chandelier Exit (Short, 3 ATRs) 7.325
Upper Bollinger Bands 7.432
Lower Bollinger Band 6.462
Percent B (%b) 0.45
BandWidth 13.951
MACD Line -0.374
MACD Signal Line -0.491
MACD Histogram 0.1172
Fundamentals Value
Market Cap 1.24 Billion
Num Shares 180 Million
EPS 0.11
Price-to-Earnings (P/E) Ratio 63.30
Price-to-Sales 1.85
Price-to-Book 2.44
PEG Ratio 0.00
Dividend 0.21
Dividend Yield 3.04%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.200
Resistance 3 (R3) 7.203 7.107 7.150
Resistance 2 (R2) 7.107 7.030 7.105 7.133
Resistance 1 (R1) 7.003 6.983 6.955 7.000 7.117
Pivot Point 6.907 6.907 6.883 6.905 6.907
Support 1 (S1) 6.803 6.830 6.755 6.800 6.683
Support 2 (S2) 6.707 6.783 6.705 6.667
Support 3 (S3) 6.603 6.707 6.650
Support 4 (S4) 6.600