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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
$0.002(4.44%)
Australian Market opens in 65h 4m

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 neutral trend on the ASX, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 49.60)
Trend Strength:Weak (ADX: 19.66)
Support/Resistance:$0.04 – $0.05 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 49.60

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 34.26

Bearish
Momentum remains weak below midpoint.

Williams %R: -44.44

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 4.35

Bullish
Steady upward momentum.

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

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 19.66

Weak
Weak trend, market trading sideways.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): -3.23

Neutral
Neutral, no strong directional signal.

Takeaway:Canyon Resources Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.05
Middle Band (SMA 20)
$0.05
Lower Band
$0.04
Current Position
Within Bands

Takeaway:Canyon Resources Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$0.05
Middle Line (EMA 20)
$0.05
Lower Channel
$0.04
Squeeze Status
No Squeeze

Takeaway:Canyon Resources Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume-22.78M
Money Flow Index43.66Neutral, balanced money flows with no clear signal.
Relative Vigor Index42.67Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:CAY.AX shows balanced money flow with a slight bearish tilt.

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

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 Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

(ASX: CAY.AX) Technical Analysis FAQ