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Carnaby Resources Limited

Carnaby Resources Limited (CNB.AX) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Carnaby Resources Limited.

CNB.AX●ASX
Basic MaterialsOther Precious Metals
$0.60
$0.005(0.84%)
Australian Market opens in 40h 14m
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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

CNB.AX Technical Analysis Summary

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

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 47.49)
Trend Strength:Weak (ADX: 15.59)
Volatility:High (ATR: 0.04)
Support/Resistance:$0.54 – $0.71 (Bollinger Bands)

Overall, Carnaby Resources Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 47.49

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 19.19

Bullish
Oversold zone signals rebound potential.

Williams %R: -78.79

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -14.29

Strongly Bearish
Sharp downside momentum.

Takeaway:Carnaby Resources Limited shows weakening momentum, with sellers gaining the edge.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 15.59

Weak
Weak trend, market trading sideways.

ATR (14): 0.04

Low
Low volatility, stable price action.

CCI (14): -45.78

Bearish
Bearish, momentum remains under pressure.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.71
Middle Band (SMA 20)
$0.63
Lower Band
$0.54
Current Position
Within Bands

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

Keltner Channels
Upper Channel
$0.69
Middle Line (EMA 20)
$0.61
Lower Channel
$0.53
Squeeze Status
No Squeeze

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

Volume & Money Flow Analysis
On-Balance Volume12.17M
Money Flow Index34.08Bearish, selling pressure outweighs inflows.
Relative Vigor Index46.81Neutral to Bearish, sellers hold a slight edge.

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

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

Bullish Signals

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

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Carnaby Resources Limited shows a Neutral outlook — indicators suggest balanced momentum with no clear directional trend.

Technical Analysis FAQ