Technical Analysis for CNE - Canacol Energy Ltd.

Grade Last Price % Change Price Change
F 4.890 1.45% 0.070
CNE closed up 1.45 percent on Thursday, April 25, 2024, on 31 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 9
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Bollinger Band Squeeze Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Weak + Overbought Other 0.00%
BB Squeeze + Upper Band Touch Range Contraction 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Pocket Pivot Bullish Swing Setup 1.45%
Bollinger Band Squeeze Range Contraction 1.45%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 8 hours ago
Rose Above Upper Bollinger Band about 8 hours ago
Up 1% about 8 hours ago
Possible Inside Day about 9 hours ago
Upper Bollinger Band Resistance about 13 hours 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 Natural Gas Oil And 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 11.8102
52 Week Low 4.25
Average Volume 64,314
200-Day Moving Average 7.573
50-Day Moving Average 5.034
20-Day Moving Average 4.626
10-Day Moving Average 4.589
Average True Range 0.191
RSI (14) 53.70
ADX 20.15
+DI 27.007
-DI 22.879
Chandelier Exit (Long, 3 ATRs) 4.316
Chandelier Exit (Short, 3 ATRs) 4.844
Upper Bollinger Bands 4.875
Lower Bollinger Band 4.376
Percent B (%b) 1.03
BandWidth 10.779
MACD Line -0.109
MACD Signal Line -0.178
MACD Histogram 0.0691
Fundamentals Value
Market Cap 879.52 Million
Num Shares 180 Million
EPS 0.11
Price-to-Earnings (P/E) Ratio 44.86
Price-to-Sales 1.85
Price-to-Book 2.44
PEG Ratio 0.00
Dividend 0.21
Dividend Yield 4.29%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.070
Resistance 3 (R3) 5.050 4.970 5.040
Resistance 2 (R2) 4.970 4.924 4.980 5.030
Resistance 1 (R1) 4.930 4.896 4.950 4.950 5.020
Pivot Point 4.850 4.850 4.860 4.860 4.850
Support 1 (S1) 4.810 4.804 4.830 4.830 4.760
Support 2 (S2) 4.730 4.776 4.740 4.750
Support 3 (S3) 4.690 4.730 4.740
Support 4 (S4) 4.710