Technical analysis from Chorus (CNU.NZ.NZ, NZE:CNU.NZ) on the New Zealand Stock Exchange (NZX). Download the latest price data & trading signals

Chorus
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Open/close reversal:  Sellers have lost commitment during the trading day for Chorus
Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost commitment during the trading day for Chorus

[BEARISH WEAK]: Chorus opened in the upper part of daily range at 100% & closed in the middle part of the trading range at 60%. This suggests the sellers have lost commitment. Over the last 12 months there has been 4 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 8.5%. Over the last month there has been 2 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 25%.

The SMA trend following signal is now active for Chorus [Bullish]
Simple Moving Average /
The SMA trend following signal is now active for Chorus [Bullish]

[BEARISH]: Chorus currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.6%.

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 3.9425.

Volume Rate of Change /
Chorus has initiated a positive volume rate of change of 57

CNU: VROC Current Signal -> (1) 12 Jan: BULLISH CROSSOVER (2) 12 Jan: BEARISH (3) 12 Jan: BULLISH CROSSOVER

Volume /
CNU has achieved a new high of 801537 (95.7)

[BULLISH]: Chorus current volume uptrend in the first timeframe. Volume for CNU is801537 (95.7).

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Short Trend /
First timeframe trend of Chorus remains as an Uptrend

[BULLISH]: Chorus is in an uptrend in the short term timeframe. The current rally number is 1 & the highest rally count for the LTM is 3

The win ratio for price rise in the first timeframe for the last 12 months is 0.6x giving a total win/loss ratio of 1.4x
Close Tod Vs Close Yest /
The win ratio for price rise in the first timeframe for the last 12 months is 0.6x giving a total win/loss ratio of 1.4x

CNU: Recent performance signals ->(1) 12 Jan: BULLISH (2) 12 Jan: BULLISH (3) 12 Jan: NEUTRAL

Limit order for a short position has been identified for Chorus [Bearish]
Pivot Points /
Limit order for a short position has been identified for Chorus [Bearish]

Chorus has broken the first support point ($4.126) [Bearish]. Look for a short limit order entry near this point. Exit price for CNU should be set @$4.113 & short position stoploss for Chorus should be set between $4.163 & $4.176

Coles Reaction Day /
Chorus: Coles Rally Day has been confirmed

Chorus: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for CNU

Ease of Movement /
Price moved on high volume to close higher for the day for CNU [Difficult to Move]

CNU: EOM Current Signal -> (1) 12 Jan: BULLISH HARD (2) 12 Jan: BULLISH EASY (3) 12 Jan: BULLISH HARD

Accumulation / Distribution /
Chorus: Current trading activity signals accumulation is present

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

Chorus: Look for a long limit order entry @$15.94
Fibonacci Extensions /
Chorus: Look for a long limit order entry @$15.94

Chorus has moved below the 161.8% level ($15.94) [Bullish]. Look for a long limit order entry near this point. Exit price for CNU should be set @$14.16 & Stoploss for Chorus should be set at $17.72

Chorus: Bull Harami
Bull Harami /
Chorus: Bull Harami

[BULLISH]: Chorus has formed a new Bull Harami reversal pattern.

On Balance Volume /
OBV: Accumulation still active for Chorus

CNU: OBV Current Signal ->(1) 12 Jan: BULLISH (2) 12 Jan: BULLISH (3) 12 Jan: BULLISH

Low Price /
Recent trading for CNU has beaten the previous low by 0.6 % [Uptrend]

[BEARISH]: Chorus current uptrend in the first timeframe. Currently, the Low is $4.125 (0.6 %).

Percentage Price /
Chorus: Price Percentage Oscillator (0.273)

[BULLISH]: Chorus currently has positive PPO 0.300%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Initiation of oversold signal for Chorus
Stochastic Oscillator /
Initiation of oversold signal for Chorus

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

Chorus has broken the first DeMark support point ($4.135) [Bearish]
Demarks Pivot Points /
Chorus has broken the first DeMark support point ($4.135) [Bearish]

Chorus current pivot point (DeMark) is: (R1) $4.145. The current pivot point (DeMark) is: (S1) $4.12.

Initiation of oversold signal for Chorus
Williams %R /
Initiation of oversold signal for Chorus

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

Momentum /
Chorus currently has negative momentum of -0.04

CNU: MOM Recent Trading -> (1) 12 Jan: -0.04 (2) 12 Jan: -0.03 (3) 12 Jan: -0.04

Daily Volume Index /
Chorus: Confirmation of stock accumulation

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

Closing Price /
Chorus: Daily closing price is $4.14 [Bullish]

[BULLISH]: Chorus current uptrend in the first timeframe. Currently, the Close is $4.14.

Woodie Pivot Point /
Chorus has broken the first Woodie support point ($4.128) [Bearish]

Chorus has broken the first Woodie support point ($4.128) [Bearish]. Look for a short limit order entry near this point. Exit price for CNU should be set @$4.114 & short position stoploss for Chorus should be set at $4.164

Volume MACD oscillator is now positive for CNU
MACD Volume /
Volume MACD oscillator is now positive for CNU

[BULLISH CROSSOVER]: Chorus currently has positive Volume MACD of 82285. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Bearish conditions for CNU have commenced based on EFI (-2054)
Elders Force Index /
Bearish conditions for CNU have commenced based on EFI (-2054)

[BEARISH]: Chorus current price has highlighted recent selling pressure. Currently, the Elders Force Index is -2054.

Weighted Moving Average /
The WMA trend following signal is still current for Chorus [Bullish]

[BULLISH]: Chorus currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.6%.

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