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

Codan
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CDA: Closing price of $2.92 (1.7 %)
Closing Price /
CDA: Closing price of $2.92 (1.7 %)

[BULLISH]: Codan current uptrend in the first timeframe. Currently, the Close is $2.92.

Currently this quarter, closing price for CDA has spent 22 days in the upper price range
Close Tod Vs Range Tod /
Currently this quarter, closing price for CDA has spent 22 days in the upper price range

[BULLISH]: Codan buyers are in control at the market close. This is the first day of buyer commitment for Codan adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 108 trading days with the closing price in the upper part of the range giving a confirmation ratio of 41.1%. Over the last month there has been 4 trading days with the closing price in the upper range giving a confirmation ratio of 30.8%. Currently this quarter, closing price has spent 22 days in the upper price range compared to 10 days in the lower range giving a ratio of 2.2x.

High Price /
Strong price performance from CDA has seen a higher high of 1.7 % [Uptrend]

[BULLISH]: Codan current uptrend in the first timeframe. Currently, the HIGH is 1.7 %.

Percentage Volume /
Codan: Percentage Volume Oscillator @-30.06 [Bearish]

[BEARISH]: Codan currently has negative PVO -30.06%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.9%.

Ease of Movement /
Codan was difficult to move upward due to high volume in recent trading [Bullish]

CDA: EOM Current Signal -> (1) 20 Jun: BULLISH HARD (2) 19 Jun: BULLISH HARD (3) 18 Jun: BEARISH EASY

Moving Average Envelope /
Closing price ($2.92) for CDA is still below the Lower Envelope Band

[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 2.698.

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White Candle /
CDA Basic Candle: White

[BULLISH]: Codan has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

Codan is being actively accumulated based on OBV
On Balance Volume /
Codan is being actively accumulated based on OBV

[BULLISH]: Codan current price has highlighted recent accumulation. Currently, the OBV is 4.23962e+006.

The simple moving average and past price for CDA has confirmed bullish trading conditions
Detrended Price Oscillator /
The simple moving average and past price for CDA has confirmed bullish trading conditions

[BULLISH]: Codan currently has a confirmed uptrend. Price is currently above the displaced moving average for CDA. Currently, the return on DPO20 is 1.7%.

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

[BULLISH]: Codan 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 1.7%.

Average True Range /
[Uptrend]: Average True Range @0.078 has confirmed an uptrend for CDA

[Bullish]: Average True Range has confirmed an uptrend is present. Codan has a TR of 0.09, and an ATR(14) of 0.078.

Simple Moving Average /
The SMA trend following signal is now active for Codan [Bullish]

CDA: SMA(5) Current Signal -> (1) 20 Jun: BULLISH CROSSOVER (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH

Codan currently has positive PPO 1.706
Percentage Price /
Codan currently has positive PPO 1.706

[BULLISH]: Codan currently has positive PPO 1.706%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Codan: Current trading activity signals accumulation is present
Accumulation / Distribution /
Codan: Current trading activity signals accumulation is present

CDA: ADLINE Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH CROSSOVER

Triangular Moving Average /
The TMA trend following signal is now active for Codan [Bullish]

[BULLISH]: Codan 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 1.7%.

Demarks Pivot Points /
Codan has moved above the R1 DeMark pivot point ($2.92) [Bullish]

Codan has broken the first DeMark resistance point ($2.9200) [Bullish]. Look for a long limit order entry near this point. Exit price for CDA should be set @$2.98 & Stoploss for Codan should be set at $2.89

Daily bar has maintained 2nd timeframe Uptrend for CDA
Medium Trend /
Daily bar has maintained 2nd timeframe Uptrend for CDA

[BULLISH]: Codan is in an uptrend in the medium term timeframe. The current rally number is 84 & the highest rally count for the LTM is 102. The highest rally for the month is 13

The MACD continues to fall below the signal line for CDA [Bearish]
MACD /
The MACD continues to fall below the signal line for CDA [Bearish]

CDA: MACD Current Signal -> (1) 20 Jun: BEARISH (2) 19 Jun: BEARISH (3) 18 Jun: BEARISH

Volume MACD oscillator remains negative for CDA
MACD Volume /
Volume MACD oscillator remains negative for CDA

[BEARISH]: Codan currently has negative Volume MACD of -11341. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Pivot Points /
Codan: Look for a long limit order entry @$2.96

Codan current pivot point is: 2.91. The current resistance levels are: (R1) $2.96: (R2) $3: (R3) $3.05: The current support levels are: (S1) $2.87: (S2) $2.82: (S3) $2.78

Range Tod Vs Range Yest /
Codan: Buyers are now becoming increasingly eager.

[BULLISH]: Codan buyers are increasingly eager. This is the first day buyers have increased eagerness for CDA adding strength to an uptrend in the first timeframe. The biggest price range this month has been $0.2250. & the greatest daily price range this year has been $1.0350. The price range ratio this week versus the quarterly price range is 0.5x & the price range ratio this month versus the year to date price range is 0.2x.

Aroon Oscillator /
Codan: Aroon oscillator (8) has confirmed an uptrend is present

[BULLISH]: Codan has a current ARU(25) of 12 and a current ARD(25) of 4

Stochastic Oscillator /
[NEUTRAL]: Codan current trading has closed out the Stochastic Oscillator to oversold status

CDA: Stochastic Oscillator Signal -> (1) 20 Jun: BULLISH CROSSUNDER (2) 19 Jun: BULLISH (3) 18 Jun: BULLISH

Codan: Daily price range is $0.09 [Uptrend]
Price Range /
Codan: Daily price range is $0.09 [Uptrend]

CDA: Price Range Current Signal -> (1) 20 Jun: BULLISH (2) 19 Jun: BEARISH (3) 18 Jun: BULLISH

Buyers are now keener than sellers for Codan & are driving the price up.
Close Tod Vs Close Yest /
Buyers are now keener than sellers for Codan & are driving the price up.

CDA: Recent performance signals ->(1) 20 Jun: BULLISH (2) 19 Jun: NEUTRAL (3) 18 Jun: NEUTRAL

Fibonacci Extensions /
Short positions for Codan should be set between $1.09 & $1.25

Codan: The current Fibonacci Extension levels are: (23.61%) $0: (38.2%) $0: (50%) $0: (61.8%) $0The current support levels are: (78.6%) $0: (100%) $0: (138.2%) $0: (161.8%) $0: (261.8%) $0: (423.61%) $0

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