Technical Analysis for CNE - Canacol Energy Ltd.

Grade Last Price % Change Price Change
grade C 3.84 1.59% 0.060
CNE closed up 1.59 percent on Tuesday, June 30, 2020, on 60 percent of normal volume. It was able to find support at its 50 day moving average.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical CNE trend table...

Date Alert Name Type % Chg
20 DMA Support Bullish 0.00%
50 DMA Support Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
Crossed Above 20 DMA Bullish 1.59%
Crossed Above 50 DMA Bullish 1.59%
Expansion Pivot Buy Setup Bullish Swing Setup 1.59%
Outside Day Range Expansion 1.59%
50 DMA Resistance Bearish 5.49%
Down 3 Days in a Row Weakness 5.49%
Fell Below 50 DMA Bearish 4.63%

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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

Indicators

Indicator Value
52 Week High 5.05
52 Week Low 2.69
Average Volume 444,204
200-Day Moving Average 4.160
50-Day Moving Average 3.712
20-Day Moving Average 3.768
10-Day Moving Average 3.715
Average True Range 0.138
ADX 11.84
+DI 24.924
-DI 19.106
Chandelier Exit (Long, 3 ATRs ) 3.605
Chandelier Exit (Short, 3 ATRs ) 3.965
Upper Bollinger Band 3.982
Lower Bollinger Band 3.553
Percent B (%b) 0.67
BandWidth 11.397
MACD Line -0.007
MACD Signal Line -0.009
MACD Histogram 0.0019
Fundamentals Value
Market Cap 675.07 Million
Num Shares 176 Million
EPS 0.09
Price-to-Earnings (P/E) Ratio 42.67
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) 4.095
Resistance 3 (R3) 4.080 3.980 4.053
Resistance 2 (R2) 3.980 3.915 3.988 4.038
Resistance 1 (R1) 3.910 3.875 3.945 3.925 4.024
Pivot Point 3.810 3.810 3.828 3.818 3.810
Support 1 (S1) 3.740 3.745 3.775 3.755 3.656
Support 2 (S2) 3.640 3.705 3.648 3.642
Support 3 (S3) 3.570 3.640 3.628
Support 4 (S4) 3.585