Technical Analysis for CNRI - Canadian North Resources Inc.

Grade Last Price % Change Price Change
D 1.190 1.71% 0.020
CNRI closed up 1.71 percent on Friday, May 3, 2024, on 1.88 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 0.00%
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Fell Below 20 DMA Bearish 1.71%
Fell Below 50 DMA Bearish 1.71%
Expansion Pivot Sell Setup Bearish Swing Setup 1.71%
Gapped Down Weakness 1.71%
New Uptrend Bullish -8.46%
Narrow Range Bar Range Contraction -8.46%

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Profile

Canadian North Resources Inc. operates as a mining exploration and development company in Canada. The company primarily explores for nickel, copper, cobalt, palladium, platinum, and rhodium deposits. It owns 100% interest in the Ferguson Lake mining property comprising 10 contiguous mining leases covering an area of 9,686 hectares located in the Kivalliq Region of Nunavut, Canada. The company was formerly known as Canadian North Resources and Development Corp. and changed its name to Canadian North Resources Inc. in November 2020. Canadian North Resources Inc. was incorporated in 2013 and is headquartered in Mississauga, Canada.
Classification

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Keywords: Mining Chemistry Physical Sciences Chemical Elements Cobalt Transition Metals Native Element Minerals Nunavut Palladium Noble Metals Contiguous Mining Leases

Is CNRI 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 3.73
52 Week Low 1.02
Average Volume 14,580
200-Day Moving Average 2.120
50-Day Moving Average 1.228
20-Day Moving Average 1.246
10-Day Moving Average 1.243
Average True Range 0.073
RSI (14) 46.24
ADX 22.61
+DI 28.163
-DI 29.916
Chandelier Exit (Long, 3 ATRs) 1.301
Chandelier Exit (Short, 3 ATRs) 1.339
Upper Bollinger Bands 1.387
Lower Bollinger Band 1.104
Percent B (%b) 0.3
BandWidth 22.658
MACD Line -0.004
MACD Signal Line -0.007
MACD Histogram 0.0032
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 1.295
Resistance 3 (R3) 1.283 1.237 1.278
Resistance 2 (R2) 1.237 1.210 1.243 1.272
Resistance 1 (R1) 1.213 1.193 1.225 1.225 1.266
Pivot Point 1.167 1.167 1.173 1.173 1.167
Support 1 (S1) 1.143 1.140 1.155 1.155 1.114
Support 2 (S2) 1.097 1.123 1.103 1.108
Support 3 (S3) 1.073 1.097 1.103
Support 4 (S4) 1.085