charttechnisch stehen die Ampeln auf GRÜN 23 June, 2011 16:00:00 CEST
Systaic [Entry All Share Performance] strengthens above Exponential Moving Average Price EMAP, 12-day EMAP outperforms 26-day EMAP
Systaic (SJK.DE), Germany's 22nd largest semiconductors company by market capitalisation, has strengthened above its trend. The MACD indicator (12 day EMA-26 day EMA) is positive, a bullish signal. The stock rose for a second day on Thursday bringing its two-day rise to 2.10c or 12.7%. The stock price added 0.50c (or 2.7%) to close at 18.70c. Compared with the DAX index, which fell 128.8 points (or 1.8%) on the day, this was a relative price change of 4.5%.
Price Change % 2-day 1-month 1-year
SJK 12.65% 41.67% -68.68%
Semiconductors 1.29% -7.24% -2.29%
DAX index -1.87% 0.39% 15.23%
TECHNICAL ANALYSIS
Significant Uptrend
Support: the support price is hovering at the 12.50c level. Volume traded at the fragile support price zone was 0.1 times average during the three occasions when the support price was breached. In the last month the lowest price was 12.50c on May 25. The second lowest was 12.50c on May 27 and the third lowest was 12.70c on May 24.
Resistance: the stock is in a short-term spike being above its 50-day moving average price of 14.85c, but below its 200-day moving average price of 31.43c. The stock hit a new seven-day high of 18.70c on decreased volume index of 0.4 on Thursday. Resistance is apparent at 21.0c. Volume was 2.6 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 21.0c on Jun 07.
Trailing month: in the last 21 trading sessions there has been a net rise of 35.51%; the stock has advanced 17 times and the biggest one day rise was 25% on Jun 07.
PRICE DYNAMICS
Volatility: the stock traded between an intraday low of 17.20c and seven-day high of 18.70c, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 13.9% places the stock in the 1st quartile in the market meaning it is highly volatile.
Volume weighted price (VWP): the price is at a premium of 8.1% to the 1-month volume weighted average price of 17.30c. Given that this premium has been under 8.1% twenty-three times and over 8.1% thirteen times in the last year, the downside:upside probability is estimated at 23:13 or 1.8:1.
Beta: The Beta of this stock is 0.36. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.
Standard Deviation (SD): SD is a statistical measure of deviation from the mean. The SD of 11.1% gives it a percentile rank of 97 meaning that 97% of stocks in the German market are less volatile than this stock.
Bullish Signals:
- The price advanced 6.9% in the last week and soared 41.7% in the last month.
- Compared with the DAX index which rose 0.6% for the week and 0.4% for the month, this represented a relative price increase of 6.3% for the week and 41.3% for the month.
- The price to 50-day EMAP ratio is 1.2, a bullish indicator. In the past 50 days this ratio has exceeded 1.2 four times suggesting further upside. The 50-day EMAP has increased to 15.97c. 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.
Breakout:
- The bulls are maintaining control with price open, high, low and close exceeding yesterday's levels.
Source:www.BuySellSignals.com
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