Technical outlook – Approaching this share from a technical perspective, the Relative Strength Index (RSI) – 3-period lookback is breaking above the 50 mid-way point (potentially bullish), while the MACD has not adequately responded in marriage (as in sync) with the RSI as of yet.
However, from the broader pattern, and coming into the short-term pattern does fit the bullish strategy that this share is in a prime position for a bullish breakout.
Therefore, it is assessed that this share has a foreseeable target of $2.46, reassess from there.
Company Overview – Nearmap Ltd (NEA, formerly Ipernica Limited) is a provider of geospatial map technology for business, enterprises and government customers.
NEA has worked with small and large organisations across the building & construction, architecture and engineering, government, insurance, rail, real estate, roofing and solar businesses.
It is launching the beta version of its Artificial Intelligence Product. Former Names: Ipernica Limited (IPR), 29/11/2012. QPSX Limited (QPX); 26/09/2006.