Below is a small technical report i found on NUP, next week is...

Below is a small technical report i found on NUP, next week is setting up to be one to watch.



NuPower Resources strengthens above Exponential Moving
Average Price 12-day EMAP outperforms 26-day EMAP

NuPower Resources, Australia's 130th largest energy
company by market capitalisation, 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 22 days, suggesting further upside. The
stock price soared 0.60c (or 16.2%) to close at 4.30c, ending a two-day streak of losses. Compared with the All
Ordinaries index, which rose 16.1 points (or 0.4%) on the
day, this was a relative price change of 15.8%.



BULLISH SIGNALS:

The price soared 26.5% in the last week and 30.3% in the
last month.

This has been propped up by strong volume of 5.1 times
average for the week and by robust volume 2.2 times
average for the month.

In the Australian market of 1,266 stocks and 54 units
traded today, the stock has a 6-month relative strength of 92 which means it is beating 92% 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.
The 50-day EMAP has increased to 3.42c. 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 price to 200-day MAP ratio is 1.3, a bullish indicator.
The stock is trading above both its MAPs at 3.31c for the
200-day MAP and 3.30c for the 50-day MAP, another bullish
indicator.

Breakout:
The stock traded at a nine-month high of 4.40c today.