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 @ $2.99
Signal Strength: MEDIUM
Recommendation:

Codan (ASX:CDA) currently has positive volume of change of 37%. 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.

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Volume Rate of Change

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Company Close Change (%) Volume Value Signal
FBR Fastbrick Robotics 0.2 8.3 3,584,908 184 BULLISH
BKY Berkeley Resources 0.23 4.7 246,749 58 BULLISH
MUA Mitula 0.72 4.4 1,672,364 419 BULLISH
TRS Reject Shop 2.43 3.8 132,067 243 BULLISH
SOM Somnomed 1.66 3.4 72,317 330 BULLISH
DFM Dongfang Modern Agriculture 0.98 2.1 38,187 316 BULLISH
EZL Euroz 1.14 1.8 1,000 639 BULLISH
WAF West African Resources 0.29 1.8 488,020 259 BULLISH
GMG Goodman 10.47 1.4 5,093,700 24 BULLISH
WGX Westgold Resources 1.17 1.3 338,405 301 BULLISH
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