macquarie edge 15 march qpn insight

Significant Uptrend

Support: the support price is hovering at the 1.40c level. Volume traded at the support price zone was 1.3 times average during the two occasions when the support price was breached. In the last one month the first low was at 1.40c on Feb 24, the second decline halted at 1.40c on Feb 23.

Resistance: resistance is apparent at 2.0c. Volume was 7.4 times average during the single occasion when the resistance price was breached in the last one month. In the last one month the high was at 2.0c on Feb 28.

PRICE VOLUME DYNAMICS

Volatility: the stock traded between an intraday low of 1.60c and a high of 1.70c, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 3.6 places the stock in the 1st quartile in the market meaning it is highly volatile.

Volume: there were 6,057,013 shares worth $102,594 traded. The volume was 0.96 times average trading of 6,327,944 shares.

% Discount to high: the last price is at a discount of 15.0% to the 12-month high of 2.0c fifteen-days ago on 28 Feb, 2011.

Volume weighted price (VWP): the price is at a premium of 0.9% to the 1-month volume weighted average price (VWP) of 2.0c. Given that this premium has exceeded 0.9% one hundred fifteen times and been under 0.9% six times in the last year, the upside:downside probability is estimated at 115:6 or 19.2:1.

Standard Deviation (SD): SD is a statistical measure of deviation from the mean. The SD of 7.1 gives it a percentile rank of 86 meaning that 86% of stocks are less volatile than this stock.

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PRICE PERFORMANCE RANK IN INDEX AND SECTORS

The stock is in 1 index and 2 sectors.

The stock's rise went against the trend set by the following index and sectors:

Energy sector of 192 stocks traded today, which was down 33.0 points or 0.9% to 3,643.0,

All Ordinaries index which was down 34.8 points or 0.7% to 4,675.3,

The Total Australian Market of 1219 stocks and 70 units traded today, which was down 28.6 points or 0.7% to 4,080.4

Percentile Rank 1-day 1-month 6-months
QPN 95 92 75
Energy 41 59 46
All Ordinaries 44 53 42

RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS

Bearish Signals:

- Price/Sales of 24.2 versus sector average of 2.8 and market average of 1.7.

- The Price to Book of 4.9 higher than average of 2.7 for the Energy sector and 2.8 for the Total Australian Market.

RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS

Bullish Signals:

- The price soared 13.3% in the last month.

- This has been propped up by robust volume of 2.8 times average for the month.

- In the Australian market of 1,219 stocks and 70 units traded today, the stock has a 6-month relative strength of 75 indicating it has outperformed 75% of the market.

- The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1 nine times suggesting further upside. The 50-day EMAP has increased to 1.55c. 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.