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Canyon Resources Limited

CAY.AX•ASX
Basic Materials
Industrial Materials
$0.14
$-0.01(-9.68%)
Australian Market opens in 51h 16m

Canyon Resources Limited (CAY.AX) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Canyon Resources Limited (ASX:CAY.AX).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

CAY.AX Technical Analysis Summary

Canyon Resources Limited stock currently shows a bearish trend, weighed down by selling pressure and weak momentum.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 34.78)
Trend Strength:Very Strong (ADX: 47.49)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.14 – $0.19 (Bollinger Bands)

Technical conditions suggest Canyon Resources Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 34.78

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 37.04

Bearish
Momentum remains weak below midpoint.

Williams %R: -88.89

Bullish
Oversold zone suggests rebound potential.

Rate of Change (ROC): -20.00

Strongly Bearish
Sharp downside momentum.

Takeaway:Canyon Resources Limited shows strong bearish momentum, signaling downside pressure.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 47.49

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): -120.00

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:Canyon Resources Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.19
Middle Band (SMA 20)
$0.17
Lower Band
$0.14
Current Position
Within Bands

Takeaway:Canyon Resources Limited trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$0.19
Middle Line (EMA 20)
$0.16
Lower Channel
$0.14
Squeeze Status
No Squeeze

Takeaway:Canyon Resources Limited trades near the lower channel, signaling strong support and possible rebound.

Volume & Money Flow Analysis
On-Balance Volume-10.83M
Money Flow Index27.87Bearish, selling pressure outweighs inflows.
Relative Vigor Index24.39Bearish, price momentum favors sellers.

Overall Takeaway:CAY.AX shows bearish money flow, with sellers dominating volume and vigor.

Technical Trading Signals Summary
Based on the current technical analysis of Canyon Resources Limited, here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Canyon Resources Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

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