Technical Analysis for CODAF - Codan Ltd

Grade Last Price % Change Price Change
B 4.8850 5.76% 0.2660
CODAF closed up 5.76 percent on Tuesday, June 6, 2023, on approximately normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
MACD Bullish Signal Line Cross Bullish 5.76%
Narrow Range Bar Range Contraction 5.76%
Wide Bands Range Expansion 5.76%
Crossed Above 20 DMA Bullish 3.50%
Narrow Range Bar Range Contraction 3.50%

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Codan Ltd Description

Codan Limited develops rugged and electronics solutions for organizations, mining companies, security and military groups, and governments in Australia. The company operates through three segments: Communications Equipment, Metal Detection, and Tracking Solutions. It designs, develops, manufactures, and markets communications equipment for high frequency radios and land mobile radios (LMR). The company offers Sentry-H military radio; and develops Cascade LMR platform. It also designs, develops, manufactures, and markets metal detection equipment, including handheld metal detecting technologies for recreational, gold mining, and demining markets. In addition, the company engages in the design, manufacture, maintenance, and support of a range of electronic products and associated software for the mining sector. It provides tracking solutions, which enable real-time monitoring and control of mining operations, for underground hard-rock mines. Further, the company offers design and adaptation, manufacturing, training, and support to the Australian defense industry. It serves its customers through a network of dealers, distributors, and agents. The company also exports its products to approximately 150 countries. Codan Limited was founded in 1959 and is headquartered in Mawson Lakes, Australia.


Sector: Technology
Industry: Scientific & Technical Instruments
Keywords: Mining Technology Manufacturing Gold Mining Electronic Products Communications Equipment Telecommunications Equipment Communication The Australian Real Time Monitoring Detection Equipment Electronics Solutions

Is CODAF a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 12.2483
52 Week Low 1.5741
Average Volume 1,095
200-Day Moving Average 0.0000
50-Day Moving Average 4.6614
20-Day Moving Average 4.1609
10-Day Moving Average 4.0246
Average True Range 0.4712
RSI (14) 53.70
ADX 16.62
+DI 52.9788
-DI 46.1181
Chandelier Exit (Long, 3 ATRs) 4.1547
Chandelier Exit (Short, 3 ATRs) 4.0238
Upper Bollinger Bands 5.9400
Lower Bollinger Band 2.3818
Percent B (%b) 0.7
BandWidth 85.5152
MACD Line -0.0781
MACD Signal Line -0.1449
MACD Histogram 0.0668
Fundamentals Value
Market Cap 870.46 Million
Num Shares 178 Million
Price-to-Sales 0.00
Price-to-Book 0.00
PEG Ratio 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.8850
Resistance 3 (R3) 4.8850 4.8850 4.8850
Resistance 2 (R2) 4.8850 4.8850 4.8850 4.8850
Resistance 1 (R1) 4.8850 4.8850 4.8850 4.8850 4.8850
Pivot Point 4.8850 4.8850 4.8850 4.8850 4.8850
Support 1 (S1) 4.8850 4.8850 4.8850 4.8850 4.8850
Support 2 (S2) 4.8850 4.8850 4.8850 4.8850
Support 3 (S3) 4.8850 4.8850 4.8850
Support 4 (S4) 4.8850