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

Chorus
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Chorus: Detrended Price Oscillator(20) (-0.0180)
Detrended Price Oscillator /
Chorus: Detrended Price Oscillator(20) (-0.0180)

[BEARISH]: Chorus currently has a confirmed downtrend. Price is currently below the displaced moving average for CNUCurrently, the return on DPO20 is -0.8%.

Chorus is in a short term downtrend with the closing price @$3.7200
Sine Weighted Moving Average /
Chorus is in a short term downtrend with the closing price @$3.7200

[BEARISH]: Chorus 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 -0.8%.

Percentage Volume /
Chorus: Percentage Volume Oscillator @3.4000 [Bullish]

CNU: PVO Current Signal -> (1) 23 Apr: BULLISH (2) 20 Apr: BULLISH CROSSOVER (3) 19 Apr: BULLISH CROSSOVER

Low Price /
[Bearish]: Chorus has failed beat previous low by -1.1 %

[BULLISH]: Chorus current downtrend in the first timeframe. Currently, the Low is $3.7100 (-1.1 %).

High Price /
Chorus: Daily high price is $3.7900 [Higher High]

[BULLISH]: Chorus current uptrend in the first timeframe. Currently, the HIGH is 0.4 %.

Simple Moving Average /
Chorus: Simple Moving Average(5) (3.7500)

[BULLISH]: Chorus 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 -0.8%.

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

[BULLISH]: Chorus current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 2237507.0000. day.

Price dipped from high volume trading for Chorus during last trading session
Ease of Movement /
Price dipped from high volume trading for Chorus during last trading session

CNU: EOM Recent Trading -> (1) 23 Apr: -0.4460 (2) 20 Apr: 0.0660 (3) 19 Apr: 0.0240

5-day momentum is decreasing for Chorus
Momentum /
5-day momentum is decreasing for Chorus

[BEARISH]: Chorus currently has negative momentum of -0.0800 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.8000%.The largest downward momentum rally for the last 3 months is 7 days producing a return of -2.4%%.

Long Black Candle /
CNU Basic Candle: Long Black

[BEARISH]: Chorus has formed a Long Black candlestick. This means, CNU has traded with strong selling pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Moving Average Envelope /
Oversold signal continues for Chorus indicating upward price movement is likely

[BULLISH]: Chorus current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 3.5625.

MACD Volume /
Positive momentum on the volume MACD histogram for CNU is maintained & supports a bullish move is likely

[BULLISH]: Chorus currently has positive Volume MACD of 53431.0000. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Chorus has broken the first DeMark resistance point ($3.7325) [Bullish]
Demarks Pivot Points /
Chorus has broken the first DeMark resistance point ($3.7325) [Bullish]

Chorus has broken the first DeMark resistance point ($3.7325) [Bullish]. Look for a long limit order entry near this point. Exit price for CNU should be set @$3.7550 & Stoploss for Chorus should be set at $3.6750

Chorus: Look for a long limit order entry @$3.7600
Woodie Pivot Point /
Chorus: Look for a long limit order entry @$3.7600

Chorus has broken the first Woodie support point ($3.6800) [Bearish]. Look for a short limit order entry near this point. Exit price for CNU should be set @$3.6550 & short position stoploss for Chorus should be set at $3.8150

Bill Williams Market Facilitation /
Trend continuation possible for CNU from reduced trading activity

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

Closing Price /
Close for CNU has not surpassed the close of the previous trading session

[BEARISH]: Chorus current downtrend in the first timeframe. Currently, the Close is $3.7200.

Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of CNU

[BEARISH]: Chorus UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.3550.

Chorus: Daily volume performance is -21.3 [Downtrend]
Volume /
Chorus: Daily volume performance is -21.3 [Downtrend]

[BEARISH]: Chorus current volume downtrend in the first timeframe. Volume for CNU is224228 (-21.3).

Chorus: Daily price range is $0.0800 [Uptrend]
Price Range /
Chorus: Daily price range is $0.0800 [Uptrend]

[BULLISH]: Chorus current uptrend in the first timeframe. Currently, the Range is $0.0800.

Closing price for Chorus has seen sellers continue to win the daily battle for performance @ -0.8%
Close Tod Vs Close Yest /
Closing price for Chorus has seen sellers continue to win the daily battle for performance @ -0.8%

[BEARISH]: Chorussellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for CNU adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.1 & the greatest daily negative change this year has been -3.2. The longest consecutive downswing rally over the last 12 months has been 8 days giving a total rally downward movement of -20%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -1.9%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.4x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -0.700000%

Pivot Points /
Chorus has broken the first resistance point ($3.7700) [Bullish]

Chorus has broken the first resistance point ($3.7700) [Bullish]. Look for a long limit order entry near this point. Exit price for CNU should be set @$3.8200 & Stoploss for Chorus should be set between $3.6600 & $3.6100

Opening Price /
[Bullish]: Opening performance for CNU of 0.3 % was achieved in last trading session

[BULLISH]: Chorus opening price has gapped up. Currently, the OPEN is $3.7700 (0.3 %).

Open Tod Vs Close Tod /
Chorus: Over the last month there has been 2 trading days giving a confirmation ratio of 12.5%.

[BEARISH STRONG]: Chorus opened in the upper part of daily range at 75.000000000000000% & closed in the lower part of the trading range at 12.500000000000000%. This suggests the sellers were in control all day. Over the last 12 months there has been 37 trading days with the opening price in the upper shadow & the closing the price in the lower shadow giving a confirmation ratio of 14.1%. Over the last month there has been 2 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 12.5%.

Elders Force Index /
[Buying Pressure]: EFI (8214.0000) confirms bullish conditions for Chorus

[BULLISH]: Chorus current price has highlighted recent buying pressure. Currently, the Elders Force Index is 8214.0000.

Chorus is still oversold with the William %R @-94.4000
Williams %R /
Chorus is still oversold with the William %R @-94.4000

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

Chorus has maintained the 2nd timeframe trend [Uptrend]
Medium Trend /
Chorus has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Chorus is in an uptrend in the medium term timeframe. The current rally number is 34 & the highest rally count for the LTM is 74. The highest rally for the month is 16

Elder Ray Index /
[Bull Power]: ERI has increased for Chorus during the last trading session

[BULLISH]: ChorusElder Ray Index is signalling a Bullish movementERI is 0.0240 indicating bull power. Prices are being driven above the consensus of value for CNU during the last trading session [Buying Pressure]

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