Technical Analysis for CNE - Canacol Energy Ltd.

Grade Last Price % Change Price Change
B 10.930 -0.46% -0.050
CNE closed down 1.44 percent on Tuesday, September 26, 2023, on 2.52 times normal volume. 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.

Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction -0.46%
BB Squeeze + Lower Band Touch Range Contraction -0.46%
Below Lower BB Weakness -0.46%
Lower Bollinger Band Touch Weakness -0.46%
Oversold Stochastic Weakness -0.46%
Bollinger Band Squeeze Range Contraction -1.89%
Doji - Bullish? Reversal -1.89%
Gapped Down Weakness -1.89%
Oversold Stochastic Weakness -1.89%
Stochastic Buy Signal Bullish -2.58%

   Recent Intraday Alerts -- Get these alerts pushed to you via our Mobile App

Alert Time
Possible NR7 22 minutes ago
Fell Below Previous Day's Low about 2 hours ago
Rose Above Lower Bollinger Band about 4 hours ago
Possible NR7 1 day ago
10x Volume Pace 1 day ago

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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.


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


Indicator Value
52 Week High 12.55
52 Week Low 1.6689
Average Volume 17,040
200-Day Moving Average 9.621
50-Day Moving Average 11.422
20-Day Moving Average 11.320
10-Day Moving Average 11.229
Average True Range 0.286
RSI (14) 41.52
ADX 17.39
+DI 19.737
-DI 21.632
Chandelier Exit (Long, 3 ATRs) 11.032
Chandelier Exit (Short, 3 ATRs) 11.818
Upper Bollinger Bands 11.657
Lower Bollinger Band 10.982
Percent B (%b) 0.0
BandWidth 5.956
MACD Line -0.069
MACD Signal Line -0.034
MACD Histogram -0.0345
Fundamentals Value
Market Cap 1.97 Billion
Num Shares 180 Million
EPS 0.11
Price-to-Earnings (P/E) Ratio 100.73
Price-to-Sales 1.85
Price-to-Book 2.44
PEG Ratio 0.00
Dividend 0.21
Dividend Yield 1.91%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.220
Resistance 3 (R3) 11.247 11.193 11.180
Resistance 2 (R2) 11.193 11.132 11.180 11.167
Resistance 1 (R1) 11.087 11.094 11.060 11.060 11.153
Pivot Point 11.033 11.033 11.020 11.020 11.033
Support 1 (S1) 10.927 10.972 10.900 10.900 10.807
Support 2 (S2) 10.873 10.934 10.860 10.793
Support 3 (S3) 10.767 10.873 10.780
Support 4 (S4) 10.740