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
+ Share

Recent trading for CNL has beaten the previous trading range ($0.1) [Uptrend]
Price Range /
Recent trading for CNL has beaten the previous trading range ($0.1) [Uptrend]

CNL: Price Range Current Signal -> (1) 16 Feb: NEUTRAL (2) 15 Feb: BEARISH (3) 14 Feb: BULLISH

[Uptrend]: Recent trading for CNL indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Uptrend]: Recent trading for CNL indicates ST trend is likely to continue

[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 -1.8%.

Accumulation / Distribution /
Traders are currently accumulating Continental Gold

CNL: ADLINE Current Signal -> (1) 16 Feb: BULLISH (2) 16 Feb: BULLISH (3) 16 Feb: BULLISH CROSSOVER

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

[BEARISH]: Continental Gold currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -1.8%.

Ease of Movement /
Price dipped caused by low volume trading for Continental Gold during last trading session

CNL: EOM Current Signal -> (1) 16 Feb: BEARISH EASY (2) 16 Feb: BEARISH HARD (3) 16 Feb: BEARISH EASY

Opening Price /
CNL opening price of $3.9 (-1.8 %)

[BEARISH]: Continental Gold opening price has gapped down. Currently, the OPEN is $3.9 (-1.8 %).

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Open Tod Vs Close Tod /
Continental Gold: Sellers have lost control.

[BULLISH]: Continental Gold opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 80%. This suggests the sellers have lost control. Over the last 12 months there has been 5 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 7.9%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 18.2%.

Continental Gold: Range Performance (0)
Range Tod Vs Range Yest /
Continental Gold: Range Performance (0)

CNL: Range today versus range yesterday Current Signal ->(1) 16 Feb: BULLISH (2) 16 Feb: BULLISH (3) 16 Feb: BEARISH

Continental Gold: Close versus price range (80%.)
Close Tod Vs Range Tod /
Continental Gold: Close versus price range (80%.)

CNL: Close versus price range Current Signal ->(1) 16 Feb: BULLISH (2) 16 Feb: NEUTRAL (3) 16 Feb: BULLISH

Momentum /
Continental Gold currently has positive momentum of 0.23

[BULLISH]: Continental Gold currently has positive momentum of 0.23. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -1.8%. The largest upward momentum rally for the last 3 months is 7 days producing a return of 13%%.

Elders Force Index /
Bullish conditions for CNL have commenced based on EFI (14998)

[BULLISH]: Continental Gold current price has highlighted recent buying pressure. Currently, the Elders Force Index is 14998.

Stochastic Oscillator /
Continental Gold is no longer overbought [Neutral]

[BEARISH]: Continental Gold is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

CNL: Aroon oscillator has confirmed a downtrend @-48
Aroon Oscillator /
CNL: Aroon oscillator has confirmed a downtrend @-48

CNL: Aroon Oscillator Recent Trading -> (1) 16 Feb: -48 (2) 16 Feb: -40 (3) 16 Feb: -24

Ulcer index has reduced in stress level & low drawdown is expected for Continental Gold
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Continental Gold

[BEARISH]: Continental Gold UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.784.

Weighted Moving Average /
The WMA trend following signal is now active for Continental Gold [Bearish]

[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 -1.8%.

MACD /
[Bullish]: Continental Gold currently has positive MACD histogram 0.013000

[BULLISH]: Continental Gold currently has positive MACD of 0.013000. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is -2.3%.

Demarks Pivot Points /
Limit order for a short position has been identified for Continental Gold [Bearish]

Continental Gold has broken the first DeMark support point ($3.845) [Bearish]. Look for a short limit order entry near this point. Exit price for CNL should be set @$3.79 & short position stoploss for Continental Gold should be set at $3.89

Oversold signal for the Lower Envelope band is still current for Continental Gold
Moving Average Envelope /
Oversold signal for the Lower Envelope band is still current for Continental Gold

[BULLISH]: Continental Gold current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 3.5625.

Volume for Continental Gold continues to lose momentum @-8.1)
Percentage Volume /
Volume for Continental Gold continues to lose momentum @-8.1)

[BEARISH]: Continental Gold currently has negative PVO -8.1%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2.3%.

The biggest upward movement for Continental Gold this month has been -4.2
Close Tod Vs Close Yest /
The biggest upward movement for Continental Gold this month has been -4.2

[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 -4.2 & the greatest daily negative change this year has been -5.6. The longest consecutive downswing rally over the last 12 months has been 2 days giving a total rally downward movement of -4.2%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -4.2%. 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 0.8x. Over the last month the average daily downward movement has been -2.2%

High Price /
Continental Gold: Daily high performance is -2 % [Downtrend]

[BEARISH]: Continental Gold current downtrend in the first timeframe. Currently, the HIGH is -2 %.

Closing Price /
Continental Gold: Daily performance is -1.8 % [Downtrend]

[BEARISH]: Continental Gold current downtrend in the first timeframe. Currently, the Close is $3.88.

Pivot Points /
Continental Gold has broken the first support point ($3.82) [Bearish]

Continental Gold has broken the first support point ($3.82) [Bearish]. Look for a short limit order entry near this point. Exit price for CNL should be set @$3.76 & short position stoploss for Continental Gold should be set between $3.96 & $4.02

Daily Volume Index /
Continental Gold: Current trading activity signals DVI accumulation is present

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

CNL: Average Directional Index has confirmed a weak trend @23.19
Average Directional Movement /
CNL: Average Directional Index has confirmed a weak trend @23.19

[Weak Trend]: ADX for CNL has confirmed a weak trend is presentContinental Gold has an ATR(14) of 0.185, a DX of 18.13 & an ADX(14) of 23.19

[Short]: Exit price for CNL should be set @$3.237
Camarilla Pivot Points /
[Short]: Exit price for CNL should be set @$3.237

Continental Gold current pivot point Camarilla is: $3.86. The current resistance levels are: (R1) $4.202: (R2) $4.523: (R3) $4.845: (R4) $5.81The current support levels are: (S1) $3.558: (S2) $3.237: (S3) $2.915: (S4) $1.95

Short Trend /
The daily range for Continental Gold has again achieved a lower low [Downtrend]

[BEARISH]: Continental Gold is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 3

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