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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Daily trading has maintained an Uptrend long term trend for Cardinal Resources
Long Trend /
Daily trading has maintained an Uptrend long term trend for Cardinal Resources

[BULLISH]: Cardinal Resources is in an uptrend in the medium term timeframe. The current rally number is 11 & the highest rally count for the LTM is 130. The highest rally for the month is 8

Cardinal Resources: Look for a short limit order entry @$0.79
Fibonacci Fans /
Cardinal Resources: Look for a short limit order entry @$0.79

Cardinal Resources: The current Fibonacci Fan 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

Stochastic Oscillator /
Stochastic Oscillator (9.1) for CDV is still below the oversold limit

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

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%.

Relative Strength Index /
Cardinal Resources is no longer oversold [Neutral]

CDV: RSI Current Signal -> (1) 11 Jan: BULLISH CROSSUNDER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: NEUTRAL

Money Flow Index /
Cardinal Resources is no longer oversold

[NEUTRAL]: Cardinal Resources current trading has closed out money flow index overbought status and signalled the initiation of normal trading conditions. Currently, the MFI is 44.45. The previous bearish signal was active for 0 days. During the quarter, the highest MFI value was 86.88.

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Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bearish for Cardinal Resources

[BEARISH]: Cardinal Resources currently has a confirmed downtrend. Price is currently below the displaced moving average for CDVCurrently, the return on DPO20 is -2%.

Cardinal Resources: Bull power (-0.014) & Bear power (-0.024)
Elder Ray Index /
Cardinal Resources: Bull power (-0.014) & Bear power (-0.024)

[BEARISH]: Cardinal ResourcesElder Ray Index is signalling a Bearish movementERI is -0.024 indicating bear power. Prices are being driven below the consensus of value for CDV during the last trading session [Selling Pressure]

[Bearish]: Lower close has formed for CDV by -2 % during the last trading session
Closing Price /
[Bearish]: Lower close has formed for CDV by -2 % during the last trading session

[BEARISH]: Cardinal Resources current downtrend in the first timeframe. Currently, the Close is $0.49.

Moving Average Envelope /
Lower envelope oversold signal had been initiated for Cardinal Resources

[BULLISH CROSSOVER]: Cardinal Resources current price has driven Envelope Bands to become oversold signalling the start of bullish trading conditions. Currently, the Lower Band is 0.4940.

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

[BULLISH CROSSOVER]: Cardinal Resources currently has positive Volume MACD of 6262. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Simple Moving Average /
The SMA trend following signal is still current for Cardinal Resources [Bearish]

[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%.

[Bearish]: Cardinal Resources has failed beat previous trading range
Price Range /
[Bearish]: Cardinal Resources has failed beat previous trading range

[BEARISH]: Cardinal Resources current downtrend in the first timeframe. Currently, the Range is $0.01.

Cardinal Resources has initiated a positive volume rate of change of 30
Volume Rate of Change /
Cardinal Resources has initiated a positive volume rate of change of 30

CDV: VROC Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH

Rate of Change /
Cardinal Resources currently has negative rate of change for -3.922

[BEARISH]: Cardinal Resources currently has negative rate of change of -3.9%. 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

Camarilla Pivot Points /
Cardinal Resources has broken the first Camarilla support point ($0.449) [Bearish]

Cardinal Resources has broken the first Camarilla support point ($0.449) [Bearish]. Look for a short limit order entry near this point. Exit price for CDV should be set @$0.408 & short position stoploss for Cardinal Resources should be set between $0.572 & $0.613

Bill Williams Market Facilitation /
Cardinal Resources: Bill Williams Profanity [Fake Day]

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.

Cardinal Resources has moved above the 161.8% extension level ($0.35) [Bearish]
Fibonacci Extensions /
Cardinal Resources has moved above the 161.8% extension level ($0.35) [Bearish]

Cardinal Resources: 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

CDV: Price continues to move below the EMA(5) @$0.505644
Exponential Moving Average /
CDV: Price continues to move below the EMA(5) @$0.505644

[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%.

Cardinal Resources: Woodie Pivot ($0.493)
Woodie Pivot Point /
Cardinal Resources: Woodie Pivot ($0.493)

Cardinal Resources has broken the first Woodie support point ($0.486) [Bearish]. Look for a short limit order entry near this point. Exit price for CDV should be set @$0.483 & short position stoploss for Cardinal Resources should be set at $0.503

Percentage Price /
Signal line is still below the EMA for Cardinal Resources producing negative momentum

[BEARISH]: Cardinal Resources currently has negative PPO -2.400%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Low Price /
Recent trading for Cardinal Resources has surpassed the previous low by 1 %

CDV: LOW Current Signal -> (1) 11 Jan: BULLISH (2) 10 Jan: BEARISH (3) 09 Jan: BEARISH

Volume /
Weaker volume performance from CDV has seen a lower volume of -44.8 [Downtrend]

[BEARISH]: Cardinal Resources current volume downtrend in the first timeframe. Volume for CDV is182841 (-44.8).

Range Tod Vs Range Yest /
Sellers have increased eagerness for CDV adding strength to a downtrend in the first timeframe.

CDV: Range today versus range yesterday Current Signal ->(1) 11 Jan: BULLISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH

Bollinger oversold signal continues for Cardinal Resources indicating upward price movement is likely
Bollinger Bands /
Bollinger oversold signal continues for Cardinal Resources indicating upward price movement is likely

[BULLISH]: Cardinal Resources is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. The current level is 3.78% with a current width of 11.99.

[Bullish]: New high has formed for CDV by 0 % during the last trading session
High Price /
[Bullish]: New high has formed for CDV by 0 % during the last trading session

CDV: HIGH Current Signal -> (1) 11 Jan: NEUTRAL (2) 10 Jan: BEARISH (3) 09 Jan: BEARISH

Momentum /
Cardinal Resources currently has negative momentum of -0.035

[BEARISH]: Cardinal Resources currently has negative momentum of -0.035 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -2%.The largest downward momentum rally for the last 3 months is 3 days producing a return of -6.9%%.

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