Codan (CDA)

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Codan (CDA): Signals

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TECHNICAL ANALYSIS SUMMARY

Codan (CDA.AX)


Indicator:

% VOLUME OSCILLATOR


Last Signal:

BULLISH


Trading: HOLD @ $3.2
Signal Strength: MEDIUM
Recommendation:

Codan (ASX:CDA) currently has positive PVO 12.23%. The recent volume is gaining momentum through a rise on the short term exponential moving average.

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement


The Percentage Volume Oscillator (PVO) is a momentum oscillator for volume. PVO measures the difference between two volume-based moving averages as a percentage of the larger moving average. As with MACD and the Percentage Price Oscillator (PPO) it is shown with a signal line a histogram and a centreline.

Calculation: Percentage Volume Oscillator (PVO):
1) Percentage Volume Oscillator (PVO): ((12-day EMA of Volume - 26-day EMA of Volume)/26-day EMA of Volume) x 100;
2) Signal Line: 9-day EMA of PVO; 3) Histogram: PVO - Signal Line;


PROFILE: Codan (CDA.AX)


Stock Exchange: ASX
Company: Codan
Ticker Codes: | CDA.AX | ASX:CDA |

About Codan (ASX:CDA):

Codan Limited develops rugged and electronics solutions for government, corporate, NGO, and consumer markets in Australia. The company operates through three segments: Communications Equipment, Metal Detection, and Tracking Solutions. It designs and manufactures communications equipment for high frequency and land mobile radio applications. The company also provides recreational products, gold detectors, and detecting and clearing improvised explosive devices; and tracking, productivity, and safety solutions for underground hard-rock mines, as well as associated software for the mining sector. In addition, it provides design and product development, manufacturing, and support services to the Australian defense industry. The company also exports its products to approximately 150 countries. Codan Limited was founded in 1959 and is headquartered in Mawson Lakes, Australia.

Top 10:

% Volume Oscillator

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EMH European Metals Holdings 0.36 20 89,507 15.79 BULLISH
CCV Cash Converters International 0.19 11.8 295,428 9.85 BULLISH
MOY Millennium Minerals 0.18 6.1 1,629,703 20.76 BULLISH
MYR Myer 0.63 5.9 6,603,832 22.27 BULLISH
PRU Perseus Mining 0.54 5.9 7,062,335 16.11 BULLISH
FNP Freedom Nutritional Products 4.48 4.7 301,721 9.45 BULLISH
ALK Alkane Exploration 0.24 4.4 586,099 17.03 BULLISH
OGC Oceanagold Corporation 4.57 3.2 460,184 10.36 BULLISH
HFR Highfield Resources 0.66 2.3 107,077 10.86 BULLISH
MSB Mesoblast 1.42 2.2 1,075,556 16.73 BULLISH
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