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Comet Ridge Limited

COI.AX Technical Analysis Summary (ASX)

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

COI.AX●ASX
EnergyOil & Gas Exploration & Production
$0.09
$0.002(2.22%)
Australian Market opens in 13h 17m

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

COI.AX Technical Analysis Summary (ASX)

Comet Ridge Limited (ASX: COI.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: 37.78)
Trend Strength:Very Strong (ADX: 45.65)
Volatility:High (ATR: 0.01)
Support/Resistance:$0.09 – $0.09 (Bollinger Bands)

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

Momentum Indicators

RSI (14): 37.78

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 78.79

Bullish
Buying momentum building without extremes.

Williams %R: -9.09

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 2.22

Bullish
Steady upward momentum.

Takeaway:Comet Ridge Limited shows steady upward momentum, supported by improving signals.

Trend & Volatility

MACD: -0.01

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 45.65

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 0.01

Low
Low volatility, stable price action.

CCI (14): 65.33

Bullish
Bullish, momentum building upward.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$0.09
Middle Band (SMA 20)
$0.09
Lower Band
$0.09
Current Position
Above Upper Band

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

Keltner Channels
Upper Channel
$0.11
Middle Line (EMA 20)
$0.09
Lower Channel
$0.08
Squeeze Status
Squeeze On

Takeaway:Comet Ridge Limited trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume-31.37M
Money Flow Index24.81Bearish, selling pressure outweighs inflows.
Relative Vigor Index29.83Bearish, price momentum favors sellers.

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

Technical Trading Signals Summary
Based on the current technical analysis of Comet Ridge Limited (ASX: COI.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:Comet Ridge Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

(ASX: COI.AX) Technical Analysis FAQ