RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CNNEF
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Red day on Thursday for Canacol Energy L stock after losing 0.0728%
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Loss -3.65% PDF

The Canacol Energy L stock price fell by -0.0728% on the last day (Thursday, 28th Mar 2024) from $3.43 to $3.43. During the last trading day the stock fluctuated 0% from a day low at $3.43 to a day high of $3.43. The price has risen in 6 of the last 10 days but is still down by -17.75% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 1 thousand shares were bought and sold for approximately $4.14 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -25.88% during the next 3 months and, with a 90% probability hold a price between $2.29 and $3.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CNNEF Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 8.54%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Canacol Energy L stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.68 and $3.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Canacol Energy L stock

Canacol Energy L finds support from accumulated volume at $3.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 7.54%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CNNEF) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Canacol Energy L to open at $3.43, and during the day (based on 14 day Average True Range), to move between $3.24 and $3.62, which gives a possible trading interval of +/-$0.187 (+/-5.45%) up or down from last closing price. If Canacol Energy L takes out the full calculated possible swing range there will be an estimated 10.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.56 (3.79%) than the support at $3.30 (3.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Canacol Energy L stock A Buy?

Canacol Energy L holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.546 Sell Candidate Unchanged

Predicted Opening Price for Canacol Energy L of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.43 ( 0%) $3.43

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CNNEF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.43 .
R2 3.43 .
R1 3.43 .
Current price: 3.43
Support S1 3.43 .
S2 3.43 .
S3 3.43 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.08 19.01 %
R2 3.85 12.27 %
R1 3.56 3.79 %
Current price 3.43
Support S1 3.30 -3.79%
S2 3.16 -7.87%
S3 0 .

CNNEF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 20, 2023 Dec 28, 2023 Jan 15, 2024 $0.190 3.83%
2 Sep 14, 2023 Sep 28, 2023 Oct 16, 2023 $0.190 2.48%
3 Jun 22, 2023 Jun 29, 2023 Jul 17, 2023 $0.196 2.36%
4 Mar 30, 2023 Mar 30, 2023 Mar 30, 2023 $0.192 2.31%
5 Dec 20, 2022 Dec 28, 2022 Jan 16, 2023 $0.190 2.26%

FAQ

What is the symbol for Canacol Energy L Stock and on which exchange is it traded?
The symbol for Canacol Energy L is CNNEF and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell Canacol Energy L Stock?
Canacol Energy L holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Canacol Energy L Stock?
Canacol Energy L Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Canacol Energy L Stock.

What's the current price of Canacol Energy L Stock?
As of the end of day on the 2024-03-28, the price of an Canacol Energy L (CNNEF) share was $3.43.

What is the 52-week high and low for Canacol Energy L Stock?
The 52-week high for Canacol Energy L Stock is $9.30 and the 52-week low is $3.14.

What is the market capitalization of Canacol Energy L Stock?
As of the 2024-03-28, the market capitalization of Canacol Energy L is 116.963M.

When is the next earnings date for Canacol Energy L?
The upcoming earnings date for Canacol Energy L is May 09, 2024.
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About Canacol Energy L

Canacol Energy L Canacol Energy Ltd., an oil and gas company, engages in the exploration, development, and production of natural gas in Colombia. As of December 31, 2021, it had a total proved developed producing reserves of 236 billion cubic feet (Bcf) conventional natural gas; a total proved plus probable reserves of 607 Bcf conventional natural gas; and a total proved reserves of 368 Bcf conventional natural gas. The company was incorporated in 1970 and is hea... CNNEF Profile

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