SHORT TERM COMMENTARY:
MaltaPost [Monday 6 Sep. 2010]:
|
| (Autocomments) | Hold/Accumulate ( -0.39) |
|
No changes to price of MaltaPost last trading day. The price has been going up and down in this period, and there has been a 9.76% for the last 2 weeks., and is up by  9.76% over the past 2 weeks. |
3 MONTH TREND |
| MaltaPost has broken the narrow and weak falling short term trend up. In first place a slower falling rate is indicated, but this may very well be a first signal of a trend shift. On reaction back there will be support on the roof on the current trend broken, which is Lm 0.85, a level that may pose a second chance to hit a runner. According to fan-theory Lm 0.92 will be next possible trendtop level and thereby pose a resistancelevel which may not be broken on first attempt. |
SIGNALS |
| MaltaPost holds buy signals from both short- and long term moving averages, but the stock has a general sellsignal from the relation between the two signals where the long term average is above the short term average. On corrections down there will be some support from the lines at Lm 0.86 and Lm 0.87. A break down bellow any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point at Mon. 26 April 2010 and this indicates further gains until a new top pivot has been found. The volume rose last day while price remained unchanged. This may be a early warning and the stock should be watched closely. |
RELATIVE STRENGHT INDEX (RSI) |
| RSI14 is 99 and the stock is currently not being overbought or oversold? |
SUPPORT AND RESISTANCE |
MaltaPost finds support from accumulated volume at Lm 0.85, Lm 0.82 and Lm 0.82 On the upside the stock meets some resistance just above today's level from accumulated volume at Lm 0.90.
The stock is about to test the resistance at Lm 0.90. If this level is broken the stock may move faster and we often see a peak in the end of such a break posing a good sales opportunity as you in 90% of the cases will get a reaction back to the level broken before new gains. A break should be followed by a increasing volume else the break may be false and despite a break of the actual resistance level the stock pretty soon falls back. |
RISK |
This stock may move much during a day (volatility) and with a large prediction interval from the Bollingers Bond this stock is considered to be "high risk". Last day they the stock moved Lm 0.00 between high and low and this equals 0.00%. For the last week the stock has had an daily average volatility of 0.00%.
The stock is very overbought on RSI14 (99). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very little as the stock will find support at the trend broken. |
OUR EVALUATION |
MaltaPost holds several positive signals, but we still don't find these to be enough for a buy-recommandiation. At current level we recommend a hold or accumulate position awaiting further development.
OUR SHORT TERM CONCLUSSION: Hold/Accumulate. |
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