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

Cardinal Resources
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Cardinal Resources has broken the first resistance point ($0.5540) [Bullish]
Pivot Points /
Cardinal Resources has broken the first resistance point ($0.5540) [Bullish]

Cardinal Resources has broken the first resistance point ($0.5540) [Bullish]. Look for a long limit order entry near this point. Exit price for CDV should be set @$0.5670 & Stoploss for Cardinal Resources should be set between $0.5270 & $0.5140

Cardinal Resources continues positive divergence & potential shift in direction
Chaikin Money Flow /
Cardinal Resources continues positive divergence & potential shift in direction

[BULLISH]: Cardinal Resources current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.2700. CDVThe bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.59

Ulcer Index /
Drawdown for Cardinal Resources is currently high signalling high stress

[BULLISH]: Cardinal Resources UIX index implies that the downside risk of the current trading price is high. Currently, the UIX is 8.6350.

Medium Trend /
CDV: Medium term trend is still an Downtrend

[BEARISH]: Cardinal Resources is in an downtrend in the medium term timeframe. The current rally number is 10 & the highest rally count for the LTM is 38. The highest rally for the month is 15

Daily Volume Index /
DVI: Accumulation still active for Cardinal Resources

[BULLISH]: Cardinal Resources current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1158.0000.

Low Price /
Strong price performance from CDV has seen a lower low of 5.9 % [Uptrend]

[BEARISH]: Cardinal Resources current uptrend in the first timeframe. Currently, the Low is $0.5400 (5.9 %).

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Woodie Pivot Point /
[Long]: Entry price for CDV should be set @$0.5500

Cardinal Resources current pivot point (Woodie) is: $0.5450. The current resistance levels are: (R1) $0.5500: (R2) $0.5650The current support levels are: (S1) $0.5300: (S2) $0.5250

Sine Weighted Moving Average(5) signal continues for Cardinal Resources indicating upward price movement is likely
Sine Weighted Moving Average /
Sine Weighted Moving Average(5) signal continues for Cardinal Resources indicating upward price movement is likely

[BULLISH]: Cardinal Resources 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 0.0%.

Daily bar has confirmed has confirmed an Aroon strong downtrend is intact for CDV
Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong downtrend is intact for CDV

[BEARISH]: Cardinal Resources has a current ARO(25) of -60.0000. This has change 0.0000 points from yesterday.

Average Directional Movement /
CDV: Average Directional Index has confirmed a weak trend @23.4700

[Weak Trend]: ADX for CDV has confirmed a weak trend is presentCardinal Resources has an ATR(14) of 0.0220, a DX of 3.2600 & an ADX(14) of 23.4700

High Price /
High for CDV has surpassed the high of the previous trading session

[BULLISH]: Cardinal Resources current uptrend in the first timeframe. Currently, the HIGH is 3.7 %.

Detrended Price Oscillator /
Cardinal Resources: Detrended Price Oscillator(20) is -0.0058

CDV: DPO Recent Trading -> (1) 20 Apr: -0.0058 (2) 19 Apr: -0.0090 (3) 18 Apr: -0.0508

Recent trading for Cardinal Resources has surpassed the previous volume by 123.8
Volume /
Recent trading for Cardinal Resources has surpassed the previous volume by 123.8

[BULLISH]: Cardinal Resources current volume uptrend in the first timeframe. Volume for CDV is472138 (123.8).

Stochastic Oscillator for CDV has crossed below the overbought limit triggering a neutral signal
Stochastic Oscillator /
Stochastic Oscillator for CDV has crossed below the overbought limit triggering a neutral signal

[BEARISH]: Cardinal Resources is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

On Balance Volume /
OBV: Distribution still active for Cardinal Resources

[BEARISH]: Cardinal Resources current price has highlighted recent distribution. Currently, the OBV is -781813.0000.

Momentum /
Cardinal Resources currently has positive momentum of 0.0450

CDV: MOM Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: NEUTRAL

Short Trend /
Cardinal Resources: Daily Uptrend remains intact

CDV: Daily Trend Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: OUTSIDE DAY CONFIRM

Cardinal Resources: Bear Harami
Bear Harami /
Cardinal Resources: Bear Harami

CDV: Reversal (Weak) Candlestick Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: NEUTRAL (3) 18 Apr: BEARISH

The volume MACD continues to rise above the signal line for CDV [Bullish]
MACD Volume /
The volume MACD continues to rise above the signal line for CDV [Bullish]

[BULLISH]: Cardinal Resources currently has positive Volume MACD of 46753.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

This is the first day of seller commitment for Cardinal Resources adding strength to an downtrend in the first timeframe
Close Tod Vs Range Tod /
This is the first day of seller commitment for Cardinal Resources adding strength to an downtrend in the first timeframe

[BEARISH]: Cardinal Resources sellers in control. This is the first day of seller commitment for Cardinal Resources 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 55 trading days with the closing price in the lower part of the range giving a confirmation ratio of 20.9%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 20%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 5 days in the upper range giving a ratio of 0.6x.

Closing Price /
CDV: Closing price of $0.5400 (0.0 %)

CDV: CLOSE Current Signal -> (1) 20 Apr: NEUTRAL (2) 19 Apr: BULLISH (3) 18 Apr: BEARISH

Demarks Pivot Points /
Cardinal Resources has moved above the R1 DeMark pivot point ($0.5450) [Bullish]

Cardinal Resources has broken the first DeMark resistance point ($0.5450) [Bullish]. Look for a long limit order entry near this point. Exit price for CDV should be set @$0.5500 & Stoploss for Cardinal Resources should be set at $0.5300

Coles Reaction Day /
CDV: Short term trend has confirmed a rally day

CDV: CRD Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BEARISH

Rate of Change /
Negative ROC for CDV is a leading indicator for continued price fall

[BEARISH]: Cardinal Resources currently has negative rate of change of -1.8000%. 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

PPO continues to signal a continuation of downward price fall for Cardinal Resources
Percentage Price /
PPO continues to signal a continuation of downward price fall for Cardinal Resources

CDV: PPO Recent Trading -> (1) 20 Apr: -1.3360 (2) 19 Apr: -1.8440 (3) 18 Apr: -2.4660

Triangular Moving Average(5) signal continues for Cardinal Resources indicating upward price movement is likely
Triangular Moving Average /
Triangular Moving Average(5) signal continues for Cardinal Resources indicating upward price movement is likely

CDV: TMA Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BEARISH (3) 18 Apr: NEUTRAL

Elders Force Index /
Cardinal Resources: Direction, extent & volume have increased in recent trading [Buying Pressure]

[BULLISH]: Cardinal Resources current price has highlighted recent buying pressure. Currently, the Elders Force Index is 224.0000.

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