- The price soared 109.4% in the last week and 252.6% in the last month.
- This has been propped up by spectacular volume of 18.3 times average for the week and by strong volume 5.3 times average for the month.
- In the Australian market of 1,255 stocks and 55 units traded today, the stock has a 6-month relative strength of 100 which means it is beating 100% of the market.
- A price rise combined with a high relative strength is a BULLISH signal.
- The price to 50-day EMAP ratio is 2.9, a bullish indicator.
The 50-day EMAP has increased to 2.34c. 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.
- In the last three months the stock has hit a new 52-week high twice.
- The price to 200-day MAP ratio is 3.5, a BULLISH indicator.
The stock is trading above both its MAPs and the 50-day MAP of 2.15c is higher than the 200-day MAP of 1.91c, another BULLISH indicator.
BREAKOUT:
- The stock traded at a fifteen-month high of 7.0c today. - In the last three months the stock has hit a new 52-week high twice. - The bulls are maintaining control with price open, high, low and close exceeding yesterday's levels.
BEARISH Signals: - The price has risen above the upper Bollinger band of 5.45c; the Relative Strength Index (RSI) of 88.9 has penetrated the overbought line of 70; the Stochastic indicator of 94.8 has broken through the overbought line of 80; the stock is also overbought according to the Williams % R indicator of -5.5.
