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

Cardinal Resources
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Trading for Cardinal Resources highlights the commitment of sellers to carry positions overnight.
Close Tod Vs Range Tod /
Trading for Cardinal Resources highlights the commitment of sellers to carry positions overnight.

[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 35 trading days with the closing price in the lower part of the range giving a confirmation ratio of 39.8%. Over the last month there has been 7 trading days with the closing price in the lower range giving a confirmation ratio of 50%. Currently this quarter, closing price has spent 7 days in the lower price range compared to 4 days in the upper range giving a ratio of 1.8x.

CDV: Volume Moving Average Convergence Divergence [Bearish Crossover]
MACD Volume /
CDV: Volume Moving Average Convergence Divergence [Bearish Crossover]

[BEARISH CROSSOVER]: Cardinal Resources currently has negative Volume MACD of -19845. This means the signal line is less than the Volume MACD line signalling a bearish movement.

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

[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 -2.9%.

Moving Average Envelope /
Closing price for CDV is still below the lower envelope signalling a bullish movement

[BEARISH]: Cardinal Resources current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 0.7035.

Price Range /
Recent trading for Cardinal Resources has surpassed the previous price range ($0.02)

[BULLISH]: Cardinal Resources current uptrend in the first timeframe. Currently, the Range is $0.02.

VALUE /
Cardinal Resources: Price Earnings Ratio ()

Cardinal Resources Key financial metrics: (1) EPS: $-0.07 (2) P/E Ratio:

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MACD /
MACD for Cardinal Resources is now losing momentum @-0.003000

[BEARISH CROSSOVER]: Cardinal Resources currently has negative MACD of -0.003000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0%.

Operating profitability for Cardinal Resources is now $-17.88M
PROFIT /
Operating profitability for Cardinal Resources is now $-17.88M

Cardinal Resources Key financial metrics: (1) Revenue: $84348.00 (2) EBITDA: $-17.88M (3) Price-Sales ratio: 2540.79

Cardinal Resources: Rate of Change (14) Crossover
Rate of Change /
Cardinal Resources: Rate of Change (14) Crossover

[BEARISH CROSSOVER]: Cardinal Resources currently has negative rate of change of -4.2%. 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

Pivot Points /
[Short]: Limit orders for Cardinal Resources should be set at $0.674

Cardinal Resources has broken the first support point ($0.674) [Bearish]. Look for a short limit order entry near this point. Exit price for CDV should be set @$0.667 & short position stoploss for Cardinal Resources should be set between $0.707 & $0.714

Detrended Price Oscillator /
Price is currently above the displaced moving average for CDV [Bullish]

CDV: DPO Current Signal -> (1) 19 Oct: BULLISH (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Stochastic Oscillator /
Initiation of oversold signal for Cardinal Resources

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

Cardinal Resources is in a short term downtrend with the resistance price @$0.708
Triangular Moving Average /
Cardinal Resources is in a short term downtrend with the resistance price @$0.708

[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 -2.9%.

Momentum(5) is decreasing for Cardinal Resources
Momentum /
Momentum(5) is decreasing for Cardinal Resources

[BEARISH]: Cardinal Resources currently has negative momentum of -0.04 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2.9%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -2.9%%.

Low Price /
Cardinal Resources: Daily low performance is -1.4 % [Downtrend]

[BULLISH]: Cardinal Resources current downtrend in the first timeframe. Currently, the Low is $0.68 (-1.4 %).

Chaikin Money Flow /
CMF signal weak & within zero line tolerance for CDV

CDV: Chaikin Oscillator Current Signal -> (1) 19 Oct: NEUTRAL (2) 18 Oct: BULLISH (3) 17 Oct: BULLISH

Sine Weighted Moving Average /
Price continues to trade below the Sine Weighted Moving Average(5) for CDV

[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 -2.9%.

The current book value of Cardinal Resources is $0.04
GROWTH /
The current book value of Cardinal Resources is $0.04

Cardinal Resources Key financial metrics: (1) Book Value: $0.04 (2) Market-to-Book ratio: 18.08 (3) PEG Ratio:

Cardinal Resources has signalled an Aroon trend present [Strong Uptrend]
Aroon Oscillator /
Cardinal Resources has signalled an Aroon trend present [Strong Uptrend]

[BULLISH]: Cardinal Resources has a current ARO(25) of 84. This has change -4 points from yesterday.

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 Sep 18 2017.

Simple Moving Average /
Price continues to trade below the Simple Moving Average(5) for CDV

[BULLISH]: Cardinal Resources 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 -2.9%.

High Price /
Recent trading for CDV has beaten the previous high by 0 % [Uptrend]

CDV: HIGH Recent Trading -> (1) 19 Oct: 0.7 (2) 18 Oct: 0.7 (3) 17 Oct: 0.715

Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down CDV

Cardinal Resources Currently is a confirmed Fake Day. MFI indicator is up, volume is down for CDV. Trend continuation possible for CDV from reduced trading activity.

Opening Price /
Cardinal Resources: Daily opening performance is 1.4 % [Uptrend]

CDV: OPEN Current Signal -> (1) 19 Oct: NEUTRAL (2) 18 Oct: BEARISH (3) 17 Oct: BULLISH

Open/close reversal: Sellers were in control for all the trading day for Cardinal Resources
Open Tod Vs Close Tod /
Open/close reversal: Sellers were in control for all the trading day for Cardinal Resources

[BEARISH STRONG]: Cardinal Resources opened in the upper part of daily range at 100% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day. Over the last 12 months there has been 10 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 11.4%. Over the last month there has been 3 trading days with the opening price in the lower upper range & the closing the price in the lower price range giving a confirmation ratio of 21.4%.

Cardinal Resources: Current trading activity signals accumulation is present
Accumulation / Distribution /
Cardinal Resources: Current trading activity signals accumulation is present

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

Demarks Pivot Points /
Limit order for a long position has been identified for Cardinal Resources [Bullish]

Cardinal Resources has broken the first DeMark resistance point ($0.685) [Bullish]. Look for a long limit order entry near this point. Exit price for CDV should be set @$0.69 & Stoploss for Cardinal Resources should be set at $0.67

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