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Cannation

Check the daily chart of Cannation. The closing price of 2023-05-30 was USD 77.90 per share.

Cannation Daily Candlestick Chart

Technicals of Cannation

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Cannation Daily Moving Averages ChartCannation Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Cannation:

  • The Moving Average Convergence/Divergence (MACD) is 10.846. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is higher than the signal line. This is a bullish indication. +1
Cannation Daily Moving Average Convergence/Divergence (MACD) ChartCannation Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Cannation:

  • The ADX is 87.413. Extremely Strong Trend. +2
  • The ADX is rising, the current trend is strengthening. +1
  • The +DI is higher than the -DI. The current trend is up. +2
Cannation Daily Directional Movement Index (DMI) ChartCannation Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is higher than the price. The current trend is down. -2
  • Cannation Daily Parabolic SAR ChartCannation Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is above 50. +1
    • The RSI is above 70 and overbought. +2
    Cannation Daily Relative Strength Index (RSI) ChartCannation Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is above 50. +1
    • The Stochastic is above 70 and overbought. +2
    Cannation Daily Stochastic Oscillator ChartCannation Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Cannation Daily Commodity Channel Index (CCI) ChartCannation Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Cannation Daily Chande Momentum Oscillator (CMO) ChartCannation Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Cannation Daily Williams %R ChartCannation Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Cannation Daily Bollinger Bands ChartCannation Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Cannation Daily Average True Range (ATR) ChartCannation Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Cannation Daily On-Balance Volume (OBV) ChartCannation Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Cannation Daily Money Flow Index (MFI) ChartCannation Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    Bearish Reversal DivergenceMACD Bearish Reversal Divergence2023-05-29

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-05-21CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    2023-05-22MACD SHORT ENTRY LONG CLOSE
    CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    2023-05-23RSI SHORT ENTRY LONG CLOSE70 crossover to downside
    STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    2023-05-24WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    2023-05-25STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    MFI80 crossover to downside
    2023-05-26CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    2023-05-27MACD LONG ENTRY SHORT CLOSE
    STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    2023-05-28CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    2023-05-29CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    ATR SHORT ENTRY LONG CLOSE

    5.2. Technical Score

    Let's check the technical score of Cannation based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5090.140
    Ma 20Greater thanMa 5039.460
    Ma 50Greater thanMa 10019.343
    Ma 100Greater thanMa 2009.672
    OpenGreater thanClose56.376
    Total4/5 (80.0%)

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