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

Continental Gold
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Continental Gold continues negative divergence & potential shift in direction
Chaikin Money Flow /
Continental Gold continues negative divergence & potential shift in direction

[BEARISH]: Continental Gold current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.44. CNL The bearish signal has been active for 0 day. During the quarter, the lowest CMF value was -0.44

Continental Gold: Buyers were in control all day.
Open Tod Vs Close Tod /
Continental Gold: Buyers were in control all day.

[BULLISH STRONG]: Continental Gold opened in the lower part of daily range at 0% & closed in the upper part of the trading range at 88.2%. This suggests the buyers were in control all day. Over the last 12 months there has been 61 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 23.2%. Over the last month there has been 5 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 45.5%.

Money Flow Index /
Price extreme has been signalled and is still active for Continental Gold

CNL: MFI Current Signal -> (1) 18 Jun: BEARISH (2) 15 Jun: BEARISH CROSSOVER (3) 18 Jun: NEUTRAL

MACD /
Continental Gold: MACD oscillator (-0.0283)

[BEARISH]: Continental Gold currently has negative MACD of -0.0283. This means the signal line is less than the MACD line signalling a bearish movement.

Moving Average Envelope /
Continental Gold is no longer oversold with the Lower Envelope Band @$3.4105

[NEUTRAL]: Continental Gold current trading has closed out Envelope Bands to oversold status and signalled the initiation of normal trading conditions. Currently, the Lower Band is 3.4105.

Close Tod Vs Range Tod /
Continental Gold: Close versus price range (88.2%.)

CNL: Close versus price range Current Signal ->(1) 18 Jun: NEUTRAL (2) 15 Jun: NEUTRAL (3) 18 Jun: NEUTRAL

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Elder Ray Index /
Continental Gold: Elder Ray Index is 0.06 [Bullish]

[BULLISH]: Continental Gold Elder Ray Index is signalling a Bullish movementERI is 0.06 indicating bull power. Prices are being driven above the consensus of value for CNL during the last trading session [Buying Pressure]

Medium Trend /
Continental Gold: 2nd timeframe trend Downtrend remains intact

CNL: Medium Term Current Signal -> (1) 18 Jun: BEARISH (2) 15 Jun: BEARISH CONFIRM (3) 18 Jun: BULLISH

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Market conditions are indicating DVI distribution is current for CNL
Daily Volume Index /
Market conditions are indicating DVI distribution is current for CNL

[BEARISH]: Continental Gold current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the DVI is -2334.

William %R oversold signal had been cancelled for Continental Gold
Williams %R /
William %R oversold signal had been cancelled for Continental Gold

CNL: William %R Current Signal -> (1) 18 Jun: BEARISH CROSSUNDER (2) 15 Jun: BULLISH CROSSOVER (3) 18 Jun: NEUTRAL

Closing Price /
Continental Gold: Daily performance is 5.3 % [Uptrend]

[BULLISH]: Continental Gold current uptrend in the first timeframe. Currently, the Close is $3.59.

Aroon Oscillator /
Aroon oscillator for Continental Gold has signalled a strong downtrend is active

[BEARISH]: Continental Gold has a current ARU(25) of 20 and a current ARD(25) of 88

Percentage Price /
Continental Gold: Price Percentage Oscillator

CNL: PPO Current Signal -> (1) 18 Jun: BEARISH (2) 15 Jun: BEARISH CROSSOVER (3) 18 Jun: BULLISH

Limit order for a long position has been identified for Continental Gold @$0)
Fibonacci Fans /
Limit order for a long position has been identified for Continental Gold @$0)

Continental Gold is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for CNL should be set @$5.42 & Stoploss for Continental Gold should be set between $5.32

Market movement continuation likely for CNL as a result of Fake Day
Bill Williams Market Facilitation /
Market movement continuation likely for CNL as a result of Fake Day

Continental Gold Currently is a confirmed Fake Day. MFI indicator is up, volume is down for CNL. Trend continuation possible for CNL from reduced trading activity.

Pivot Reversal /
A short term Pivot Reversal has formed with Continental Gold

[BULLISH]: A short term Pivot Reversal has formed with Continental Gold which confirms the presence of a bullish bar reversal. Over the last 12 months there have been 17 occurrences of this bar reversal giving a signal probability of 6.5%.

Volume Rate of Change /
Negative VROC confirmation for Continental Gold is a leading indicator for continued price fall

[BEARISH CROSSOVER]: Continental Gold currently has negative rate of change of -7%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 5.3%.

Triangular Moving Average /
[Bullish]: TMA(5) is serving as a support line for Continental Gold

[BULLISH]: Continental Gold currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 5.3%.

[Uptrend]: Recent trading for CNL confirms bullish SWMA(5) signal
Sine Weighted Moving Average /
[Uptrend]: Recent trading for CNL confirms bullish SWMA(5) signal

[BULLISH]: Continental Gold currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 5.3%.

[Long]: Exit price for CNL should be set @$3.728
Woodie Pivot Point /
[Long]: Exit price for CNL should be set @$3.728

Continental Gold has broken the first Woodie resistance point ($3.676) [Bullish]. Look for a long limit order entry near this point. Exit price for CNL should be set @$3.728 & Stoploss for Continental Gold should be set at $3.388

DPO for CNL has confirmed price is currently below the displaced moving average
Detrended Price Oscillator /
DPO for CNL has confirmed price is currently below the displaced moving average

[BEARISH]: Continental Gold currently has a confirmed downtrend. Price is currently below the displaced moving average for CNL. Currently, the return on DPO20 is 5.3%.

Low Price /
Recent trading for CNL has beaten the previous low by 0.9 % [Uptrend]

[BEARISH]: Continental Gold current uptrend in the first timeframe. Currently, the Low is $3.44 (0.9 %).

Fibonacci Retracements /
Continental Gold has yet to break the 61.8% retracement level ($0) [Bullish]

Continental Gold is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for CNL should be set @$5.42 & Stoploss for Continental Gold should be set between $5.32

Opening Price /
[Bullish]: Continental Gold has opened 0.3 % stronger

[BULLISH]: Continental Gold opening price has gapped up. Currently, the OPEN is $3.44 (0.3 %).

High Price /
Recent trading for Continental Gold has surpassed the previous high by 3.4 %

[BULLISH]: Continental Gold current uptrend in the first timeframe. Currently, the HIGH is 3.4 %.

Recent trading indicates an upward price direction CNL [Bullish]
Coles Reaction Day /
Recent trading indicates an upward price direction CNL [Bullish]

CNL: CRD Current Signal -> (1) 18 Jun: BULLISH (2) 15 Jun: NEUTRAL (3) 18 Jun: NEUTRAL

Continental Gold: Daily Performance (5.3%.)
Close Tod Vs Close Yest /
Continental Gold: Daily Performance (5.3%.)

CNL: Recent performance signals ->(1) 18 Jun: NEUTRAL (2) 15 Jun: NEUTRAL (3) 18 Jun: NEUTRAL

Percentage Volume /
Volume is still above the short term EMA for CNL [Bullish]

CNL: PVO Current Signal -> (1) 18 Jun: BULLISH (2) 15 Jun: BULLISH CROSSOVER (3) 18 Jun: BEARISH

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