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Canterbury Resources Limited

CBY.AX•ASX
Basic Materials
Other Precious Metals
$0.06
$0.00(0.00%)
Australian Market opens in 10h 55m
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Canterbury Resources Limited (CBY.AX) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Canterbury Resources Limited (ASX:CBY.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

CBY.AX Technical Analysis Summary

Canterbury Resources Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Bullish (RSI: 64.41)
Trend Strength:Very Strong (ADX: 40.19)
Support/Resistance:$0.03 – $0.06 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 64.41

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 58.91

Neutral
Mid-range signal with no clear trend.

Williams %R: -20.00

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 28.89

Strongly Bullish
Strong upside momentum.

Takeaway:Canterbury Resources Limited shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: 0.00

Neutral
Neutral, momentum shows no clear direction.

ADX: 40.19

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.00

Low
Low volatility, stable price action.

CCI (14): 98.39

Bullish
Bullish, momentum building upward.

Takeaway:Canterbury Resources Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.06
Middle Band (SMA 20)
$0.05
Lower Band
$0.03
Current Position
Within Bands

Takeaway:Canterbury Resources Limited trades closer to resistance, supported by stronger momentum within bands.

Keltner Channels
Upper Channel
$0.06
Middle Line (EMA 20)
$0.05
Lower Channel
$0.04
Squeeze Status
No Squeeze

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

Volume & Money Flow Analysis
On-Balance Volume11.17M
Money Flow Index53.39Neutral, balanced money flows with no clear signal.
Relative Vigor Index52.77Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:CBY.AX shows bullish money flow, with volume and vigor supporting buyers.

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

Bullish Signals

RSI above 50 → positive momentum from buyers.

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

No significant bearish signals detected.

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

Technical Analysis FAQ