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$CNU (Chorus Limited) Price Analysis
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Let's analyze Chorus Limited together

Penke

I guess you are interested in Chorus Limited. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

  • 📈 Technical Analysis (TA) – Chorus Limited’s Price Targets

I'm going to help you getting a better view of Chorus Limited. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

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Technical Analysis of Chorus Limited
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Chorus Limited. The general trend of Chorus Limited is BEARISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Chorus Limited's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-71.4%) Bearish trend (71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Neutral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Neutral to overboughtOverbought=Overbought

1. Chorus Limited Price Targets

1.1 sr

Score

Let's take a look at the sr of Chorus Limited.

  • The price is trading between support and resistance lines.
Chorus Limited Daily sr Chart

2. Trend Indicators

2.1 mas

Score

Let's take a look at the mas of Chorus Limited.

  • The SHORT shows weakening trend behaviour.
  • Price action is trading under pressure relative to the SHORT.
  • The SHORT is lagging behind the MEDIUM, indicating weaker trend alignment.
  • The SHORT is lagging behind the INTER, indicating weaker trend alignment.
  • The SHORT is lagging behind the LONG, indicating weaker trend alignment.
  • The MEDIUM shows weakening trend behaviour.
  • Price action is trading under pressure relative to the MEDIUM.
  • The MEDIUM is lagging behind the INTER, indicating weaker trend alignment.
  • The MEDIUM is lagging behind the LONG, indicating weaker trend alignment.
  • The INTER shows weakening trend behaviour.
  • Price action is trading under pressure relative to the INTER.
  • The INTER is leading the LONG, indicating positive trend alignment.
  • The LONG shows a strengthening upward trend.
  • Price action is trading under pressure relative to the LONG.

Directionalities and relatives.

Moving AverageTrendPricevs. MEDIUMvs. INTERvs. LONG
SHORT
MEDIUM
INTER
LONG

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Chorus Limited Daily mas Chart
2.2 macd

Score

Let's take a look at the macd of Chorus Limited.

  • Momentum is leaning bearish. Selling pressure outweighs buying interest, indicating increased caution and reduced risk appetite among market participants.
  • Overall momentum is negative. Market conditions reflect cautious sentiment, with sellers exerting more influence and limiting upside progress for Chorus Limited.
  • Momentum is weakening. Bearish pressure is increasing as confidence fades and market participants shift toward defensive positioning.
Chorus Limited Daily macd ChartChorus Limited Daily macd Chart
2.3 dmi

Score

Let's take a look at the dmi of Chorus Limited.

  • Directional bias favors sellers. Selling pressure dominates buying interest, reflecting cautious sentiment and increasing downside pressure.
  • Directional bias leans bearish while trend strength is beginning to build, often seen during early stages of downside development.
Chorus Limited Daily dmi Chart
2.4 sar

Score

Let's take a look at the sar of Chorus Limited.

  • Price action is under pressure relative to the prevailing trend structure, which is commonly interpreted as a bearish market signal.
Chorus Limited Daily sar Chart

3. Momentum Indicators

3.1 rsi

Score

Let's take a look at the rsi of Chorus Limited. The current phase is Continuation in bear market.

  • Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Momentum is weakening as selling pressure becomes more pronounced.
Chorus Limited Daily rsi ChartChorus Limited Daily rsi Chart
3.2 stoch

Score

Let's take a look at the stoch of Chorus Limited. The current phase is Oversold in bear market.

  • Momentum favors sellers, indicating reduced buying interest and growing downside pressure.
  • Selling pressure appears exhausted, often seen near potential stabilization or rebound phases.
  • Momentum is leaning bearish, with selling pressure outweighing buying interest and signaling increased short-term caution for Chorus Limited.
  • Momentum is weakening as selling pressure increases and short-term sentiment deteriorates.
Chorus Limited Daily stoch ChartChorus Limited Daily stoch Chart
3.3 cci

Score

Let's take a look at the cci of Chorus Limited.

Chorus Limited Daily cci ChartChorus Limited Daily cci Chart
3.4 cmo

Score

Let's take a look at the cmo of Chorus Limited.

  • Momentum is leaning negative, indicating cautious market conditions and increasing downside participation.
Chorus Limited Daily cmo ChartChorus Limited Daily cmo Chart
3.5 willr

Score

Let's take a look at the willr of Chorus Limited.

  • Downward momentum appears stretched, suggesting selling pressure may be exhausted and conditions could stabilize or rebound.
Chorus Limited Daily willr ChartChorus Limited Daily willr Chart

4. Volatility Indicators

4.1 bb

Score

Let's take a look at the bb of Chorus Limited.

Chorus Limited Daily bb Chart
4.2 atr

Score

Let's take a look at the atr of Chorus Limited.

Chorus Limited Daily atr ChartChorus Limited Daily atr Chart

5. Volume Indicators

5.1 obv

Score

Let's take a look at the obv of Chorus Limited.

Chorus Limited Daily obv ChartChorus Limited Daily obv Chart
5.2 mfi

Score

Let's take a look at the mfi of Chorus Limited.

  • Money flow favors sellers, indicating reduced buying interest and growing downside pressure.
Chorus Limited Daily mfi ChartChorus Limited Daily mfi Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Chorus Limited.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal

6.3. Candlestick Patterns

Chorus Limited Daily Candlestick Chart
DateCandlestick Pattern
Penke

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