Technical analysis from Codan (CDA.AX.AX, ASX:CDA.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Codan
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Codan currently has negative PPO -1.200
Percentage Price /
Codan currently has negative PPO -1.200

[BEARISH]: Codan currently has negative PPO -1.200%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Codan has reached a higher closing price of $2.12 (0 %)
Closing Price /
Codan has reached a higher closing price of $2.12 (0 %)

CDA: CLOSE Current Signal -> (1) 16 Feb: NEUTRAL (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Rate of Change /
14-day rate of change is decreasing for Codan

[BEARISH]: Codan currently has negative rate of change of -3.6%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Aroon Oscillator /
Codan has signalled an Aroon trend present [Strong Downtrend]

[BEARISH]: Codan has a current ARO(25) of -56. This has change 0 points from yesterday.

Sine Weighted Moving Average /
Codan is in a short term downtrend with the closing price @$2.12

[BEARISH]: Codan currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is 0%.

Demarks Pivot Points /
[Long]: Exit price for CDA should be set @$2.13

Codan has broken the first DeMark resistance point ($2.125) [Bullish]. Look for a long limit order entry near this point. Exit price for CDA should be set @$2.13 & Stoploss for Codan should be set at $2.11

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Weighted Moving Average /
[Bearish]: Trend following indicator for CDA highlights downward price direction is likely

[BEARISH]: Codan 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 0%.

[Bearish]: SMA(5) is serving as a resistance line for Codan
Simple Moving Average /
[Bearish]: SMA(5) is serving as a resistance line for Codan

[BULLISH]: Codan 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 0%.

Codan closed in the lower part of daily range at 0%.
Close Tod Vs Range Tod /
Codan closed in the lower part of daily range at 0%.

[BEARISH]: Codan sellers in control. There has been 3 consecutive days of prices closing in the lower part of the trading range for Codan 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 69 trading days with the closing price in the lower part of the range giving a confirmation ratio of 27.2%. Over the last month there has been 5 trading days with the closing price in the lower range giving a confirmation ratio of 45.5%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 6 days in the upper range giving a ratio of 1.3x.

Moving Average Envelope /
[Bullish]: Codan current trading has maintained the Envelope Bands to oversold status

[BULLISH]: Codan current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 2.0995.

Price Range /
Range for CDA has not surpassed the range of the previous trading session

[BEARISH]: Codan current downtrend in the first timeframe. Currently, the Range is $0.02.

MACD /

[Bullish]: Codan has beaten previous volume by 68.7
Volume /
[Bullish]: Codan has beaten previous volume by 68.7

[BULLISH]: Codan current volume uptrend in the first timeframe. Volume for CDA is163843 (68.7).

Strong opening from CDA has seen an increase of -0.9 % [Uptrend]
Opening Price /
Strong opening from CDA has seen an increase of -0.9 % [Uptrend]

CDA: OPEN Current Signal -> (1) 16 Feb: NEUTRAL (2) 15 Feb: BULLISH (3) 14 Feb: BEARISH

On Balance Volume /
CDA: Current trading activity signals OBV accumulation is active

CDA: OBV Current Signal ->(1) 16 Feb: BULLISH (2) 15 Feb: BULLISH (3) 14 Feb: BULLISH

Triangular Moving Average /
Codan is in a short term downtrend with the resistance price @$2.159

[BEARISH]: Codan 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 0%.

Open Tod Vs Close Tod /
Open/close reversal: Buyers have lost control during the trading day for CDA

[BEARISH]: Codan opened in the lower part of daily range at 0% & closed in the lower part of the trading range at 0%. This suggests the buyers have lost control. Over the last 12 months there has been 16 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 6.3%. Over the last month there has been 3 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 27.3%.

Codan: Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
Codan: Direction, extent & volume have decreased in recent trading [Selling Pressure]

[BEARISH]: Codan current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2047.

Codan: 1.618 Fibonacci Extension ($2.44)
Fibonacci Extensions /
Codan: 1.618 Fibonacci Extension ($2.44)

Codan has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for CDA should be set @$0 & short position stoploss for Codan should be set at $0

Oversold signal for the Stochastic Oscillator is still current for Codan
Stochastic Oscillator /
Oversold signal for the Stochastic Oscillator is still current for Codan

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

Commodity Channel Index /
Continuation of the oversold CCI signal for Codan

[BULLISH]: Codan current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is -122. CDA received a confirmed CCI crossover on the Feb 14 2018.The bullish signal has been active for 3 days. During the quarter, the lowest CCI value was -207.

Average Directional Movement /
Codan: Average Directional Index (14.82) has confirmed a weak trend is present

[Weak Trend]: ADX for CDA has confirmed a weak trend is presentCodan has an ATR(14) of 0.056, a DX of 5.92 & an ADX(14) of 14.82

Chaikin Money Flow /
CMF has a negative momentum of the acc/dist line

CDA: Chaikin Oscillator Current Signal -> (1) 16 Feb: BEARISH (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Codan: Volume MACD oscillator (30)
MACD Volume /
Codan: Volume MACD oscillator (30)

CDA: Volume MACD Current Signal -> (1) 16 Feb: BULLISH CROSSOVER (2) 15 Feb: BEARISH (3) 14 Feb: BEARISH

Codan: Momentum(5)
Momentum /
Codan: Momentum(5)

[BEARISH]: Codan currently has negative momentum of -0.08 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is 0%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -2.3%%.

Fibonacci Fans /
[Long]: Entry price for CDA should be set @$0

Codan is still above the 61.8% retracement level ($0) [Bullish]. Look for a long limit order entry near this point. Exit price for CDA should be set @$2.82 & Stoploss for Codan should be set between $2.82

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