Cardinal Resources (CDV)

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Cardinal Resources (CDV): Signals

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TECHNICAL ANALYSIS SUMMARY

Cardinal Resources (CDV.AX)


Indicator:

SIMPLE MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $0.38
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Cardinal Resources (ASX:CDV) currently has a confirmed downtrend. This means the SMA 15 day average has moved below the closing price confirming the short term trend following indicator. Currently, the return on SMA15 is -6.2%.



A simple moving average is formed by computing the average price of a security over a specific number of periods. Most moving averages are based on closing prices.

Calculation: Simple Moving Average:
1) SMA: n period sum / n;


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.

Top 10:

Simple Moving Average

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