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

Chorus
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Price continues to trade above the Triangular Moving Average(5) for CNU
Triangular Moving Average /
Price continues to trade above the Triangular Moving Average(5) for CNU

CNU: TMA Current Signal -> (1) 22 Jun: BULLISH (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH

Chorus: MACD oscillator (0.0222)
MACD /
Chorus: MACD oscillator (0.0222)

[BULLISH]: Chorus currently has positive MACD of 0.0222. This means the signal line is greater than the MACD line signalling a bullish movement. Currently, the return on MACD is 5.4%.

Volume /
Chorus: Daily volume is 438710 [Lower Volume]

[BEARISH]: Chorus current volume downtrend in the first timeframe. Volume for CNU is 438710 (-34.1).

Detrended Price Oscillator /
DPO for CNU has confirmed price is currently above the displaced moving average

[BULLISH]: Chorus currently has a confirmed uptrend. Price is currently above the displaced moving average for CNU. Currently, the return on DPO20 is 0.0%.

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

Chorus has broken the first DeMark resistance point ($3.9650) [Bullish]. Look for a long limit order entry near this point. Exit price for CNU should be set @$3.99 & Stoploss for Chorus should be set at $3.92

Moving Average Envelope /
Envelope bands Oversold signal is still current for Chorus [Bullish]

[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 3.6575.

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Low Price /
Recent trading for CNU has failed to beaten the previous low by -0.8 % [Downtrend]

[BULLISH]: Chorus current downtrend in the first timeframe. Currently, the Low is $3.94 (-0.8 %).

The CCI indicator for Chorus is still above the overbought limit
Commodity Channel Index /
The CCI indicator for Chorus is still above the overbought limit

[BEARISH]: Chorus current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 110. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 250.

Signal line is still above the EMA for Chorus producing positive momentum
Percentage Price /
Signal line is still above the EMA for Chorus producing positive momentum

[BULLISH]: Chorus currently has positive PPO 1.503%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Short Trend /
Chorus: Downtrend for the daily trend is confirmed

[BEARISH]: Chorus is in a downtrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 8

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Chorus [Bearish]

[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 0.0%.

Rate of Change /
14-day rate of change is increasing for Chorus

[BULLISH]: Chorus currently has positive rate of change of 4.749%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

This is the first day sellers have decreased eagerness for CNU reducing strength of a continued downtrend in the first timeframe.
Range Tod Vs Range Yest /
This is the first day sellers have decreased eagerness for CNU reducing strength of a continued downtrend in the first timeframe.

CNU: Range today versus range yesterday Recent Trading -> (1) 22 Jun: -41.7% (2) 21 Jun: 71.4% (3) 20 Jun: 0.0%

Chorus opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 42.9%. This suggests the sellers have lost commitment.
Open Tod Vs Close Tod /
Chorus opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 42.9%. This suggests the sellers have lost commitment.

[BEARISH WEAK]: Chorus opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 42.9%. This suggests the sellers have lost commitment. Over the last 12 months there has been 24 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 9.1%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 6.7%.

Percentage Volume /
Volume for Chorus continues to lose momentum @-10.26)

[BEARISH]: Chorus currently has negative PVO -10.26%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 2.9%.

Price Range /
Recent trading for Chorus fell short of the previous price range ($0.07)

[BEARISH]: Chorus current downtrend in the first timeframe. Currently, the Range is $0.07.

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

CNU: EOM Current Signal -> (1) 22 Jun: BEARISH HARD (2) 21 Jun: BULLISH HARD (3) 20 Jun: BULLISH HARD

CNU: Current trading activity signals DVI accumulation is active
Daily Volume Index /
CNU: Current trading activity signals DVI accumulation is active

[BULLISH]: Chorus current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 261.

Weighted Moving Average(5) signal continues for Chorus indicating downward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal continues for Chorus indicating downward price movement is likely

[BEARISH]: Chorus currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.0%.

14-day volume rate of change is decreasing for Chorus
Volume Rate of Change /
14-day volume rate of change is decreasing for Chorus

[BEARISH]: Chorus currently has negative rate of change of -34%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0%.

Fibonacci Extensions /
Stoploss for Chorus should be set at $3.6

Chorus has moved above the 161.8% level ($3.93) [Bearish]. Look for a short limit order entry near this point. Exit price for CNU should be set @$4.26 & short position stoploss for Chorus should be set at $3.6

MACD Volume /
Chorus: Volume MACD (20868)

[BULLISH]: Chorus currently has positive Volume MACD of 20868. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Momentum /
Positive momentum for Chorus is a leading indicator for continued price rise

[BULLISH]: Chorus currently has positive momentum of 0.02. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0%. The largest upward momentum rally for the last 3 months is 12 days producing a return of 5.2%.

Medium Trend /
[Uptrend]: The second timeframe trend has continued for CNU

[BULLISH]: Chorus has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 13 2018.

Chorus: Daily high performance is -2.0 % [Downtrend]
High Price /
Chorus: Daily high performance is -2.0 % [Downtrend]

[BEARISH]: Chorus current downtrend in the first timeframe. Currently, the HIGH is -2.0 %.

Daily trading has confirmed an Aroon strong uptrend (88) for Chorus
Aroon Oscillator /
Daily trading has confirmed an Aroon strong uptrend (88) for Chorus

[BULLISH]: Chorus has a current ARU(25) of 96 and a current ARD(25) of 8

Fibonacci Retracements /
Chorus has yet to break the 61.8% retracement level ($3.93) [Bullish]

Chorus is still above the 61.8% retracement level ($3.93) [Bullish]. Look for a long limit order entry near this point. Exit price for CNU should be set @$4.44 & Stoploss for Chorus should be set between $4.38

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