Cardinal Resources

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Volume Rate of Change

Score

0.95

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 91 4.5 0.56% 0.86% 2.6% -2.0% 18.3%
SHORT 92 5.2 0.62% 1.27% 3.7% -3.0% 72.4%

Summary

Technical Analysis

Cardinal Resources (CDV.AX)


Indicator:

VOLUME RATE OF CHANGE


Last Signal:

BEARISH


Trading: SELL @ $0.365
Signal Strength: MEDIUM
Recommendation:

Cardinal Resources (ASX:CDV) currently has negative rate of change of -86%. This means the current volume is less than the price 14 days ago and therefore losing 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: Cardinal Resources (CDV.AX)


Stock Exchange: ASX
Company: Cardinal Resources
Ticker Codes: | CDV.AX | ASX:CDV |

About Cardinal Resources (ASX:CDV):

Cardinal Resources Limited, together with its subsidiaries, engages in the exploration and development of mineral properties in Ghana. It primarily explores for gold deposits. The company's principal project is Namdini Gold project located in the Bolgatanga region. Cardinal Resources Limited is based in West Perth, Australia.

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