price upside in relations to silver price?, page-38

21 April, 2011 16:00:00 AEST

RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS
Bullish Signals:

- The price jumped 7.7% in the last week and soared 97.2% in the last month.

- This has been propped up by firm volume of 1.7 times average for the week and by robust volume 2.5 times average for the month.

- Compared with the All Ordinaries index which rose 0.5% for the week, this represented a relative price increase of 7.2% for the week.

- In the Australian market of 1,374 stocks and 70 units traded today, the stock has a 6-month relative strength of 98 which means it is beating 98% of the market.

- The price to 50-day EMAP ratio is 1.6, a bullish indicator. In the past 50 days this ratio has exceeded 1.6 six times suggesting further upside. The 50-day EMAP has increased to 8.52c. An increase is another bullish indicator.

- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) minus the 26-day EMA is positive suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.

- In the last three months the stock has hit a new 52-week high fifteen times, pointing to a SIGNIFICANT UPTREND.

- The price to 200-day MAP ratio is 3.06, a bullish indicator. In the past 200 days this ratio has exceeded 3.06 just twice suggesting a resistance level. The stock is trading above both its MAPs and the 50-day MAP of 7.85c is higher than the 200-day MAP of 4.58c, another bullish indicator.

Bearish Signals:

- The stock is overbought according to the Williams % R indicator of -7.9.

Source:http://buysellsignals.com/StockResearch/StockReport.php?action=daily

Cheers

Sheeza