The below is an extract from the BuySellSignals reportEleckra...

The below is an extract from the BuySellSignals report



Eleckra Mines strengthens above Exponential Moving Average Price 12- day EMAP outperforms 26-day EMAP, options advance 6.1%
Eleckra Mines 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 2.0c (or 13.3%) to close at 17.0c. Compared with the All Ordinaries index, which fell 32.8 points (or 0.7%) on the day, this was a relative price change of 14.0%.


Short-Term Rating (Technical): 5 out of 5

RELATIVE VALUATION INDICATORS - RVI? - TECHNICAL ANALYSIS
Bullish Signals:
- The price added 3.0% in the last week and soared 36.0% in the last month.

- This has been propped up by strong volume of 5.8 times average for the week and by robust volume 2.9 times average for the month.

- Compared with the All Ordinaries index which rose 0.1% for the week and 0.4% for the month, this represented a relative price increase of 3.0% for the week and 35.6% for the month.

- In the Australian market of 1,341 stocks and 69 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 1.7, a bullish indicator. In the past 50 days this ratio has exceeded 1.7 29 times suggesting further upside.

- 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.

- The stock is trading above both its MAPs and the 50-day MAP of 11.0c is higher than the 200-day MAP of 10.0c.

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