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Canyon Resources Limited

CAY.AX Technical Analysis Summary (ASX)

Analyze CAY.AX on the ASX with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

CAY.AX●ASX
Basic MaterialsIndustrial Materials
$0.05
$0.003(5.88%)
Australian Market opens in 4h 15m

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 (ASX)

Canyon Resources Limited (ASX: CAY.AX) stock currently shows a bearish trend on the ASX, supported by momentum and weak buying pressure.

Overall Sentiment:Sell
Momentum:Bearish to Weak (RSI: 38.92)
Trend Strength:Very Strong (ADX: 40.80)
Support/Resistance:$0.05 – $0.05 (Bollinger Bands)

Technical conditions suggest Canyon Resources Limited on the ASX is awaiting a decisive move. Technical signals suggest downside risk is building despite recent strength.

Momentum Indicators

RSI (14): 38.92

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 46.03

Neutral
Mid-range signal with no clear trend.

Williams %R: -28.57

Bullish
Buying pressure building steadily.

Rate of Change (ROC): 10.42

Strongly Bullish
Strong upside momentum.

Takeaway:Canyon Resources Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 40.80

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 175.70

Bearish Risk
Bearish risk, overbought levels suggest caution.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.05
Middle Band (SMA 20)
$0.05
Lower Band
$0.05
Current Position
Above Upper Band

Takeaway:Canyon Resources Limited trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$0.06
Middle Line (EMA 20)
$0.05
Lower Channel
$0.05
Squeeze Status
Squeeze On

Takeaway:Canyon Resources Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-31.72M
Money Flow Index58.79Neutral, balanced money flows with no clear signal.
Relative Vigor Index41.65Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:CAY.AX shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of Canyon Resources Limited (ASX: CAY.AX), here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

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

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for Canyon Resources Limited are mixed, suggesting a Hold or wait-and-see approach.

(ASX: CAY.AX) Technical Analysis FAQ