RELATIVE VALUATION INDICATORS - RVI? - TECHNICAL ANALYSIS Bullish Signals: Some good signs
The price soared 14.3% in the last week and 60.0% in the last month.
This has been propped up by high volume of 3.5 times average for the week and by robust volume 2.9 times average for the month.
In the Australian market of 1,373 stocks and 78 units traded today, the stock has a 6-month relative strength of 84 which means it is beating 84% of the market.
Also, the relative strength percentile is rising at 84 for 6 months, 87 for 3 months and 97 for 1 month.
The price to 50-day EMAP ratio is 1.4, a bullish indicator. The 50-day EMAP has increased to 0.57c. An increase is another bullish indicator.
The stock is trading above both its MAPs and the 50-day MAP of 0.56c is higher than the 200-day MAP of 0.50c. In the last three months the stock has hit a new 52-week high once.
MAN Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
