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

Chorus
+ Share

Chorus: Elder Ray Index is -0.045 [Bearish]
Elder Ray Index /
Chorus: Elder Ray Index is -0.045 [Bearish]

[BEARISH]: ChorusElder Ray Index is signalling a Bearish movementERI is -0.045 indicating bear power. Prices are being driven below the consensus of value for CNU during the last trading session [Selling Pressure]

[Bullish]: Trend following indicator for CNU highlights upward price direction is likely
Weighted Moving Average /
[Bullish]: Trend following indicator for CNU highlights upward price direction 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 -0.5%.

Price Range /
Range for CNU has surpassed the range of the previous trading session

[BULLISH]: Chorus current uptrend in the first timeframe. Currently, the Range is $0.045.

High Price /
Weaker price performance from CNU has seen a lower high of -0.3 % [Downtrend]

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

Pivot Points /
Long positions for Chorus should be set between $3.768 & $3.791

Chorus has broken the first resistance point ($3.791) [Bullish]. Look for a long limit order entry near this point. Exit price for CNU should be set @$3.813 & Stoploss for Chorus should be set between $3.723 & $3.701

Daily Volume Index /
DVI: Accumulation still active for Chorus

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

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Accumulation / Distribution /
Chorus is being actively accumulated

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

Bullish trading conditions for Chorus has initiated a bullish crossover from the DPO (0.0455)
Detrended Price Oscillator /
Bullish trading conditions for Chorus has initiated a bullish crossover from the DPO (0.0455)

[BULLISH]: Chorus currently has a confirmed uptrend. Price is currently above the displaced moving average for CNUCurrently, the return on DPO20 is -0.5%.

Chorus: Price Percentage Oscillator (0.400)
Percentage Price /
Chorus: Price Percentage Oscillator (0.400)

[BULLISH CROSSOVER]: Chorus currently has positive PPO 0.400%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Rate of Change /
Negative ROC: Price is trading lower for Chorus than 14 days ago

[BEARISH]: Chorus currently has negative rate of change of -3.6%. 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 /
Stochastic oversold signal had been maintained for Chorus

CNU: Stochastic Oscillator Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH CROSSOVER

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

[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 3.6005.

The EMA trend following signal is now active for Chorus [Bullish]
Exponential Moving Average /
The EMA trend following signal is now active for Chorus [Bullish]

[BEARISH]: Chorus 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 -0.5%.

Chorus: Average Directional Index (19.02) has confirmed a weak trend is present
Average Directional Movement /
Chorus: Average Directional Index (19.02) has confirmed a weak trend is present

[Weak Trend]: ADX for CNU has confirmed a weak trend is presentChorus has an ATR(14) of 0.057, a DX of 17 & an ADX(14) of 19.02

Chaikin Money Flow /
Chorus: CMF has confirmed bullish relationship between price & volume

[BULLISH]: Chorus current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.29. The bullish signal has been active for 0 day. During the quarter, the highest CMF value was 0.46

Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Chorus

[BEARISH]: Chorus UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.685.

Percentage Volume /
CNU: Percentage Volume Oscillator [Bearish]

[BEARISH]: Chorus currently has negative PVO -20.6%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is -0.5%.

Elders Force Index (13389) has signalled buying pressure has initiated for CNU
Elders Force Index /
Elders Force Index (13389) has signalled buying pressure has initiated for CNU

[BULLISH]: Chorus current price has highlighted recent buying pressure. Currently, the Elders Force Index is 13389.

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

[BEARISH CROSSOVER]: Chorus currently has negative rate of change of -29%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.5%.

[Long]: Entry price for CNU should be set @$8.2
Fibonacci Extensions /
[Long]: Entry price for CNU should be set @$8.2

Chorus: 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

MACD Volume /
Volume MACD for Chorus is now losing momentum @-57587)

CNU: Volume MACD Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH (3) 11 Jan: BULLISH

Sine Weighted Moving Average /
Sine Weighted Moving Average(30) signal is confirmed for Chorus indicating upward price movement is likely

CNU: SWMA Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH

On Balance Volume /
Traders are currently accumulating Chorus

[BULLISH]: Chorus current price has highlighted recent accumulation. Currently, the OBV is 8.12203e+006.

Aroon Oscillator /
[Uptrend]: Aroon oscillator @36 has confirmed an uptrend for CNU

[BULLISH]: Chorus has a current ARU(25) of 40 and a current ARD(25) of 4

[Bearish]: Chorus currently has negative MACD histogram -0.015000
MACD /
[Bearish]: Chorus currently has negative MACD histogram -0.015000

[BEARISH]: Chorus currently has negative MACD of -0.015000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is -0.5%.

Trend continuation likely for CNU from increased trading activity
Bill Williams Market Facilitation /
Trend continuation likely for CNU from increased trading activity

Chorus Currently is a confirmed Green Day. Both MFI & volume are down for CNU. Trend continuation likely for CNU from increased trading activity.

Money Flow Index /
The MFI for Chorus has returned to stable trading conditions

[NEUTRAL]: Chorus current trading has closed out money flow index overbought status and signalled the initiation of normal trading conditions. Currently, the MFI is 66.75. The previous bearish signal was active for 0 days. During the quarter, the highest MFI value was 87.74.

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