Codan (CDA)

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Codan (CDA): Signals

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TECHNICAL ANALYSIS SUMMARY

Codan (CDA.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BULLISH


Trading: HOLD @ $3.1
Signal Strength: MEDIUM
Recommendation:

Codan (ASX:CDA) currently has positive volume of change of 323%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum.

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


Volume Rate of Change Volume (VROC) is an oscillator applied to volume rather than price and is calculated in the same manner as the Rate of Change (Price) indicator. VROC highlights increases in volume which normally occur at most significant market tops bottoms and breakouts.

Calculation: Volume Rate of Change (VROC):
1) ( Volume [today] - Volume [n days ago] ) / Volume [n days ago];


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 Rate of Change

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Company Close Change (%) Volume Value Signal
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SDG Sunland 1.62 4.2 54,190 57 BULLISH
MMS Mcmillan Shakespeare 13.21 3.6 903,061 78 BULLISH
GOR Gold Road Resources 0.98 3.2 2,668,725 23 BULLISH
AHY Asaleo Care 0.97 3.2 629,881 52 BULLISH
PME Pro Medicus 17.53 2.8 163,554 46 BULLISH
JIN Jin 13.55 2.8 594,294 206 BULLISH
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