Interesting analysis. I think a computer is doing those analysis as it came up an hours after the close on Friday. It says it is full of bullish signals nearly on all indicators. Interesting to see what happens on Monday.
BuySellSignals (from the above link)
"Elemental Minerals has strengthened above its trend. The MACD indicator (12 day EMA-26 day EMA) is positive, a bullish signal. In the past 26 days this indicator was positive for 20 days, suggesting further upside. The stock price rose 2.50c (or 1.3%) to close at $1.995."
"Bullish Signals:
- The price increased 1.5% in the last week and soared 14.0% in the last month.
- This has been propped up by robust volume of 2.5 times average for the week and by firm volume 1.9 times average for the month.
- Compared with the All Ordinaries index which rose 1.1% for the week and 2.3% for the month, this represented a relative price increase of 0.4% for the week and 11.7% for the month.
- In the Australian market of 1,440 stocks and 77 units traded today, the stock has a 6-month relative strength of 98 which means it is beating 98% of the market. A price rise combined with a high relative strength is a bullish signal.
- The price to 50-day EMAP ratio is 1.3, a bullish indicator. In the past 50 days this ratio has exceeded 1.3 17 times suggesting further upside. The 50-day EMAP has increased to $1.499. 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. The stock is trading above both its MAPs and the 50-day MAP of $1.467 is higher than the 200-day MAP of 81.91c.
- The 200-day MAP has increased to 81.91c.
- In the last three months the stock has hit a new 52-week high eight times, pointing to a significant uptrend."
K2P Price at posting:
$2.00 Sentiment: Buy Disclosure: Held
