Technical analysis from Continental Gold (CNL.TO, TSE:CNL) on the Toronto Stock Exchange (TSX). Download the latest price data & trading signals

Continental Gold
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Continental Gold is still above the 61.8% retracement level ($0) [Bullish]
Fibonacci Retracements /
Continental Gold is still above the 61.8% retracement level ($0) [Bullish]

Continental Gold: The current Fibonacci Retraction levels are: (23.61%) $3.45: (38.2%) $2.74: (50%) $2.67: (61.8%) $2.6The current support levels are: (78.6%) $2.49: (100%) $2.36: (138.2%) $2.12: (161.8%) $1.98: (261.8%) $1.36: (423.61%) $0.35

Continental Gold is in a short term downtrend with the closing price @$3.15
Simple Moving Average /
Continental Gold is in a short term downtrend with the closing price @$3.15

[BULLISH]: Continental Gold currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -3.7%.

Elders Force Index /
[Buying Pressure]: EFI (8275) confirms bullish conditions for Continental Gold

CNL: Elders Force Index Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Average Directional Movement /
Continental Gold has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for CNL has confirmed a weak trend is presentContinental Gold has an ATR(14) of 0.13, a DX of 7.03 & an ADX(14) of 23.4

Triangular Moving Average /
Continental Gold: Closing price $3.15 is below the TMA(5) @$3.462

[BEARISH]: Continental Gold currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -3.7%.

Elder Ray Index /
Continental Gold: Elder Ray Index is -0.201 [Bearish]

CNL: Elder Ray Index Recent Trading -> (1) 19 OctBull Power: -0.021Bear Power: -0.201 (2) 18 OctBull Power: 0.106Bear Power: -0.114 (3) 17 OctBull Power: 0.119Bear Power: 0.059

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Percentage Price /
PPO has positive momentum signalling a continuation of upward price rise for CNL

[BULLISH]: Continental Gold currently has positive PPO 1.400%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

TRADE /
The current market capitalization of Continental Gold is $592.38M

Continental Gold key financial metrics: (1) MCAP: $592.38M (2) Shares: 188058000 (3) Free Float: 148321000

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Continental Gold: Share price fall (-3.7% signals sellers are still keener than buyers
Close Tod Vs Close Yest /
Continental Gold: Share price fall (-3.7% signals sellers are still keener than buyers

[BEARISH]: Continental Goldsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for CNL adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -5.8 & the greatest daily negative change this year has been -9.3. The longest consecutive downswing rally over the last 12 months has been 3 days giving a total rally downward movement of -10.2%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -9.5%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 0.9x. Over the last month the average daily downward movement has been -2.3%

CNL: Medium term trend is still an Uptrend
Medium Trend /
CNL: Medium term trend is still an Uptrend

[BULLISH]: Continental Gold is in an uptrend in the medium term timeframe. The current rally number is 36 & the highest rally count for the LTM is 36. The highest rally for the month is 13

Ulcer Index /
Drawdown for Continental Gold is currently low signalling low stress

CNL: UIX Current Signal -> (1) 19 Oct: Low stress (2) 18 Oct: Low stress (3) 17 Oct: Low stress

Woodie Pivot Point /
[Short]: Limit orders for Continental Gold should be set at $3.06

Continental Gold has broken the first Woodie support point ($3.06) [Bearish]. Look for a short limit order entry near this point. Exit price for CNL should be set @$3.005 & short position stoploss for Continental Gold should be set at $3.365

Closing Price /
Continental Gold: Closing price is $3.15 (-3.7 %)

CNL: CLOSE Current Signal -> (1) 19 Oct: BEARISH (2) 18 Oct: BEARISH (3) 17 Oct: NEUTRAL

Continental Gold: Bull Harami
Bull Harami /
Continental Gold: Bull Harami

CNL: Reversal (Weak) Candlestick Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: NEUTRAL (3) 17 Oct: BULLISH

Continental Gold: Sellers are in control at the market close.
Close Tod Vs Range Tod /
Continental Gold: Sellers are in control at the market close.

[BEARISH]: Continental Gold sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Continental Gold adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 27 trading days with the closing price in the lower part of the range giving a confirmation ratio of 46.6%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 46.2%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 6 days in the upper range giving a ratio of 1x.

Stochastic Oscillator /
Stochastic Oscillator for CNL has crossed below the oversold limit triggering a bullish crossover signal

[BULLISH]: Continental Gold is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Daily Volume Index /
Continental Gold is being actively accumulated based on DVI

[BULLISH]: Continental Gold current accumulation has given strength to the share price and the continuation of bullish trading conditions.

MACD /
CNL: Moving Average Convergence Divergence [Bearish Crossover]

[BEARISH CROSSOVER]: Continental Gold currently has negative MACD of -0.008000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0%.

Continental Gold has initiated a positive volume rate of change of 76
Volume Rate of Change /
Continental Gold has initiated a positive volume rate of change of 76

CNL: VROC Recent Trading -> (1) 19 Oct: 76 (2) 18 Oct: -18 (3) 17 Oct: 66

Earnings for Continental Gold is $-8.11M
PROFIT /
Earnings for Continental Gold is $-8.11M

Continental Gold Key financial metrics: (1) Revenue: $ (2) EBITDA: $-8.11M (3) Price-Sales ratio:

Continental Gold currently has negative momentum of -0.42
Momentum /
Continental Gold currently has negative momentum of -0.42

[BEARISH]: Continental Gold currently has negative momentum of -0.42 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -3.7%.The largest downward momentum rally for the last 3 months is 2 days producing a return of -3.7%%.

Weighted Moving Average /
Continental Gold is in a short term downtrend with the closing price @$3.15

[BEARISH]: Continental Gold currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -3.7%.

Rate of Change /
14-day rate of change is increasing for Continental Gold

[BULLISH]: Continental Gold currently has positive rate of change of 4.7%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Accumulation / Distribution /
Distribution signal for Continental Gold is confirmed

[BEARISH]: Continental Gold current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Detrended Price Oscillator /
Continental Gold: Detrended Price Oscillator(20) is 0.0055

[BULLISH]: Continental Gold currently has a confirmed uptrend. Price is currently above the displaced moving average for CNLCurrently, the return on DPO20 is -3.7%.

The current P/E ratio of Continental Gold is
VALUE /
The current P/E ratio of Continental Gold is

Continental Gold Key financial metrics: (1) EPS: $-0.06 (2) P/E Ratio:

CNL: Average True Range has confirmed an uptrend @0.13
Average True Range /
CNL: Average True Range has confirmed an uptrend @0.13

[Bullish]: Average True Range has confirmed an uptrend is present. Continental Gold has a TR of 0.18, and an ATR(14) of 0.13.

Black Candle /
CNL Basic Candle: Black

[BEARISH]: Continental Gold has formed a Black candlestick. Normal selling pressure highlighting sellers were in control.

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