CDV | Australian Securities Exchange

Cardinal Resources
+ Share

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

[BEARISH]: Cardinal Resources currently has negative PPO -2.452%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Cardinal Resources: The CCI oversold signal has been confirmed
Commodity Channel Index /
Cardinal Resources: The CCI oversold signal has been confirmed

[BULLISH CROSSOVER]: Cardinal Resources (ASX:CDV) current price has driven Commodity Channel Index to become oversold signalling the start of bullish trading conditions. Currently, the CCI is -103. During the quarter, the lowest CCI value was -144. The last oversold signal occurred on Aug 16 2018

Exponential Moving Average /
Price is now trading below the Exponential Moving Average(5) for CDV

[BEARISH]: Cardinal Resources 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 -4.7%.

Triangular Moving Average /
Price is now trading below the Triangular Moving Average(5) for CDV

[BEARISH]: Cardinal Resources 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 -4.7%.

Ease of Movement /
Cardinal Resources Ease of Movement is -0.051 [Difficult to Move]

[BEARISH]: Cardinal Resources current price have moved downwards on high volume. Currently, the Ease of Movement is -0.051

Close Tod Vs Range Tod /
Buyer commitment has continued for Cardinal Resources adding strength to an uptrend in the first timeframe

[BULLISH]: Cardinal Resources buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Cardinal Resources 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 2 trading days with the closing price in the upper part of the range giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the closing price in the upper range giving a confirmation ratio of 15.4%. Currently this quarter, closing price has spent 2 days in the upper price range compared to 1 days in the lower range giving a ratio of 2x.

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Fibonacci Extensions /
Stoploss for Cardinal Resources should be set at $2.48

Cardinal Resources has moved below the 161.8% level ($2.67) [Bullish]. Look for a long limit order entry near this point. Exit price for CDV should be set @$2.86 & Stoploss for Cardinal Resources should be set at $2.48

DVI: Accumulation still active for CDV.AX
Daily Volume Index /
DVI: Accumulation still active for CDV.AX

CDV: DVI Current Signal -> (1) 17 Aug: BULLISH (2) 16 Aug: BULLISH (3) 15 Aug: BULLISH

Positive momentum on volume for CDV is maintained & supports a bullish move is likely
Percentage Volume /
Positive momentum on volume for CDV is maintained & supports a bullish move is likely

[BULLISH]: Cardinal Resources currently has positive PVO 16.43%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 0.2%.

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

[BULLISH]: Cardinal Resources current price has highlighted recent accumulation. Currently, the OBV is 1.83091e+006.

Accumulation / Distribution /
Market conditions are indicating accumulation is current for CDV

[BULLISH]: Cardinal Resources (ASX:CDV) current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 2.59396e+006.

Weighted Moving Average /
Cardinal Resources: Closing price $0.405 is below the WMA(5) @$0.41

CDV: WMA Recent Trading -> (1) 17 Aug: 0.4100 (2) 16 Aug: 0.4110 (3) 15 Aug: 0.4040

Bearish trading conditions for Cardinal Resources has been signalled from the DPO (-0.0458)
Detrended Price Oscillator /
Bearish trading conditions for Cardinal Resources has been signalled from the DPO (-0.0458)

[BEARISH]: Cardinal Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for CDV. Currently, the return on DPO20 is -4.7%.

Cardinal Resources: 3rd timeframe trend Uptrend remains intact
Long Trend /
Cardinal Resources: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Cardinal Resources has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jul 5 2018.

Sine Weighted Moving Average /
Cardinal Resources: Sine Weighted Moving Average(5) (0.408)

[BEARISH]: Cardinal Resources 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 -4.7%.

Elders Force Index /
Recent trading highlights continued buying pressure is present for CDV

[BULLISH]: Cardinal Resources current price has highlighted recent buying pressure. Currently, the Elders Force Index is 235.

Rate of Change /
Cardinal Resources currently has negative rate of change for -3.571

[BEARISH]: Cardinal Resources currently has negative rate of change of -3.571%. 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

Stochastic Oscillator (23.5) for CDV is now below the oversold limit
Stochastic Oscillator /
Stochastic Oscillator (23.5) for CDV is now below the oversold limit

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

Sellers are now keener than buyers for Cardinal Resources & are driving the price down.
Close Tod Vs Close Yest /
Sellers are now keener than buyers for Cardinal Resources & are driving the price down.

[BEARISH]: Cardinal Resourcessellers are keener than buyers and are driving the price down. This is the first day of price decline for CDV adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -5.3 & the greatest daily negative change this year has been -94.3. The longest consecutive downswing rally over the last 12 months has been 7 days giving a total rally downward movement of -95.4%. This quarter, the largest downswing rally has been 3 days giving a total rally downward movement of -95.4%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 0.7x. Over the last month the average daily downward movement has been -2.800000%

CMF showing buying pressure & potential change in direction for CDV.AX
Chaikin Money Flow /
CMF showing buying pressure & potential change in direction for CDV.AX

[BULLISH]: Cardinal Resources current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.22. Cardinal Resources (ASX:CDV) received a confirmed CMF crossover days on the Jun 29 2018. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.47 occurring on the Jun 29 2018.

Volume Rate of Change /
Positive VROC for CDV is a leading indicator for continued price rise

[BULLISH]: Cardinal Resources currently has positive volume of change of 552%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -4.7%.

Aroon Oscillator /
Cardinal Resources: ARO(-92) has signalled and strong downtrend is current

[BEARISH]: Cardinal Resources has a current ARU(25) of 4 and a current ARD(25) of 96

Open Tod Vs Close Tod /
Cardinal Resources: Sellers have lost control.

CDV: Open today versus close yesterday Recent Trading ->(1) 17 Aug: 100% (2) 16 Aug: 37.5% (3) 15 Aug: 50%

MACD /
MACD for Cardinal Resources continues to lose momentum @-0.0001

[BEARISH]: Cardinal Resources currently has negative MACD of -0.0001. This means the signal line is less than the MACD line signalling a bearish movement.

Selling pressure for CDV highlights ability of sellers to drive the price downwards
Elder Ray Index /
Selling pressure for CDV highlights ability of sellers to drive the price downwards

[BEARISH]: Cardinal Resources Elder Ray Index is signalling a Bearish movementERI is -0.016 indicating bear power. Prices are being driven below the consensus of value for CDV during the last trading session [Selling Pressure]

[Short]: Limit orders for Cardinal Resources should be set at $0.403
Woodie Pivot Point /
[Short]: Limit orders for Cardinal Resources should be set at $0.403

Cardinal Resources has broken the first Woodie support point ($0.403) [Bearish]. Look for a short limit order entry near this point. Exit price for CDV should be set @$0.399 & short position stoploss for Cardinal Resources should be set at $0.409

Demarks Pivot Points /
Cardinal Resources: Look for a short limit order entry @$0.4038

Cardinal Resources has broken the first DeMark support point ($0.4038) [Bearish]. Look for a short limit order entry near this point. Exit price for CDV should be set @$0.4030 & short position stoploss for Cardinal Resources should be set at $0.408

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