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

Codan
+ Share

Codan is being actively accumulated based on DVI
Daily Volume Index /
Codan is being actively accumulated based on DVI

[BULLISH]: Codan current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1965.

Codan is still oversold with the Stochastic Oscillator @10.5
Stochastic Oscillator /
Codan is still oversold with the Stochastic Oscillator @10.5

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

Pivot Points /
Codan has moved below the S1 pivot point ($2.396) [Bearish]

Codan has broken the first support point ($2.396) [Bearish]. Look for a short limit order entry near this point. Exit price for CDA should be set @$2.373 & short position stoploss for Codan should be set between $2.473 & $2.496

Rate of Change /
Codan: Rate of Change (14)

[BEARISH]: Codan currently has negative rate of change of -6.2%. 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

Elders Force Index /
Bearish conditions for CDA are likely to continue based on EFI (-834)

[BEARISH]: Codan current price has highlighted recent selling pressure. Currently, the Elders Force Index is -834.

Closing Price /
Recent trading for Codan fell short of the previous close by -1.2000000000000000 %

[BEARISH]: Codan current downtrend in the first timeframe. Currently, the Close is $2.42.

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Accumulation / Distribution /
CDA: Current trading activity signals accumulation is active

[BULLISH]: Codan current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 2.36825e+006. day.

Recent trading signals Codan is being accumulated
On Balance Volume /
Recent trading signals Codan is being accumulated

[BULLISH]: Codan current price has highlighted recent accumulation. Currently, the OBV is 3.60566e+006.

Prices are being driven below the consensus of value for CDA [Bearish]
Elder Ray Index /
Prices are being driven below the consensus of value for CDA [Bearish]

[BEARISH]: CodanElder Ray Index is signalling a Bearish movementERI is -0.055 indicating bear power. Prices are being driven below the consensus of value for CDA during the last trading session [Selling Pressure]

Ease of Movement /
Trading session closed lower on high volume for Codan [Bearish]

[BEARISH]: Codan current price have moved downwards on high volume. Currently, the Ease of Movement is -2.645

Exponential 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 EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.2%.

Detrended Price Oscillator /
DPO(20) for Codan has confirmed bearish direction is likely to continue

[BEARISH]: Codan currently has a confirmed downtrend. Price is currently below the displaced moving average for CDACurrently, the return on DPO20 is -1.2%.

Limit order for a long position has been identified for Codan @$77.91
Fibonacci Extensions /
Limit order for a long position has been identified for Codan @$77.91

Codan has moved below the 161.8% level ($77.91) [Bullish]. Look for a long limit order entry near this point. Exit price for CDA should be set @$73.92 & Stoploss for Codan should be set at $81.9

[Bullish]: Codan current trading has maintained the Envelope Bands to oversold status
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 2.3370.

Woodie Pivot Point /
Codan: Look for a short limit order entry @$2.396

Codan has broken the first Woodie support point ($2.396) [Bearish]. Look for a short limit order entry near this point. Exit price for CDA should be set @$2.373 & short position stoploss for Codan should be set at $2.473

Volume /
Volume for CDA has not surpassed the volume of the previous trading session

[BEARISH]: Codan current volume downtrend in the first timeframe. Volume for CDA is28356 (-90.4).

Aroon Oscillator /
Codan: Aroon oscillator (24) has confirmed an uptrend is present

[BULLISH]: Codan has a current ARU(25) of 32 and a current ARD(25) of 8

[Downtrend]: Average True Range (0.06) downtrend has been confirmed for CDA
Average True Range /
[Downtrend]: Average True Range (0.06) downtrend has been confirmed for CDA

CDA: Average True Range Recent Trading -> (1) 19 Apr: 0.06 (2) 18 Apr: 0.061 (3) 17 Apr: 0.063

Recent downward trend has increased drawdown exposure associated with Codan
Ulcer Index /
Recent downward trend has increased drawdown exposure associated with Codan

[BULLISH]: Codan UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 5.382.

Codan: Volume MACD oscillator (8063)
MACD Volume /
Codan: Volume MACD oscillator (8063)

CDA: Volume MACD Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH CROSSOVER (3) 17 Apr: BEARISH

Weighted Moving Average /
Weighted Moving Average(5) signal continues for Codan indicating downward price movement is likely

CDA: WMA Current Signal -> (1) 19 Apr: BULLISH (2) 18 Apr: BULLISH (3) 17 Apr: BULLISH CROSSOVER

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

[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 -1.2%.

Close Tod Vs Close Yest /
Closing price for Codan has seen sellers win the daily battle for performance @ -1.2%

CDA: Recent performance signals ->(1) 19 Apr: NEUTRAL (2) 18 Apr: NEUTRAL (3) 17 Apr: NEUTRAL

High Price /
Weaker price performance from CDA has seen a lower high of -0.4000000000000000 % [Downtrend]

CDA: HIGH Current Signal -> (1) 19 Apr: BEARISH (2) 18 Apr: BEARISH (3) 17 Apr: NEUTRAL

Codan: Daily opening price is $2.415
Opening Price /
Codan: Daily opening price is $2.415

[BEARISH]: Codan opening price has gapped down. Currently, the OPEN is $2.415 (-1.4000000000000000 %).

PPO: The shorter moving average for CDAis still above the longer term moving average
Percentage Price /
PPO: The shorter moving average for CDAis still above the longer term moving average

[BULLISH]: Codan currently has positive PPO 0.100%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Percentage Volume /
Negative momentum on volume for CDA is maintained & supports a bearish move is likely

[BEARISH]: Codan currently has negative PVO -19.2%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -2%.

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