macquarie-like it

July 13, 2010 Tuesday



Samson Oil & Gas (SSN.AU), Australia's 55th largest energy company by market capitalisation, hit a 52-week high of 5.80c during the day. In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend. The stock price soared 0.70c (or 14.6%) to close at 5.50c, ending a two-day streak of losses. Compared with the All Ordinaries index, which fell 11.7 points (or 0.3%) on the day, this was a relative price change of 14.8%.

OPTIONS [SSNO:$2.0]


Price Change % 1-day 1-month 1-year
SSN 14.6% 77.4% 295.7%
Energy -0.6% -0.2% 19.9%
All Ordinaries -0.3% -2.2% 18.2%

There are 92,017,218 options on issue representing 5.6% of total shares on issue. The exercise price of the options is $2.0 and the exercise date is 31/12/2012 [901 days to expire].

Price Trend: [price change of SSN in brackets] SSNO soared 22.9% for the day [14.6%]; soared 22.9% for the week [12.2%] and soared 138.9% for the month [77.4%].

TECHNICAL ANALYSIS

Significant Uptrend

Price Volume Trend: the price soared 77.4% in the last month. This has been propped up by firm volume of 1.2 times average for the month.

Relativities: compared with the All Ordinaries index which rose 2.8% for the week, the stock's rise represented a relative price increase of 9.5% for the week. Today its percentile rank in the Australian market was 98. In the Australian market of 1,090 stocks traded today, the stock has a 6-month relative strength of 99 which means it is outperforming 99% of the market. A price rise combined with a high relative strength is a bullish signal.

Moving average price (MAP): the price to 200-day MAP ratio is 2.73, a bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of 4.0c is higher than the 200-day MAP of 2.0c, another bullish indicator.

Breakout: the stock traded at an eighteen-month high of 5.80c today. The bulls are maintaining control with price open, high, low and close exceeding yesterday's levels.

Support: the support price is hovering at the 3.10c level. Volume traded at the weak support price zone was 0.4 times average during the four occasions when the support price was breached. In the last one month the first low was at 3.10c on Jun 18, the second at 3.10c on Jun 22. The third decline halted at 3.10c on Jun 23 and the 4th at 3.10c on Jun 24

Resistance: resistance is apparent at 5.80c. Volume was 4.4 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 5.80c on Jul 13.

PRICE VOLUME DYNAMICS

Volatility: the stock traded between an intraday low of 4.90c and high of 5.80c. The price range has expanded in the last two days (from 0.10c two days ago to 1.0c today) which, accompanied by a price rise, is a bullish signal. Today its volatility of 18.4% was 7.3 times its average volatility of 2.5%. A price rise on high volatility is a bullish signal.

Volume: there were 55,523,864 shares worth $3 million traded. The volume was 4.4 times average trading of 12,587,547 shares.