Technical analysis from Ramsay Health Care (RHC.AX.AX, ASX:RHC.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Ramsay Health Care
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Negative momentum on the MACD histogram for RHC has been confirmed & supports a bearish move is likely
MACD /
Negative momentum on the MACD histogram for RHC has been confirmed & supports a bearish move is likely

RHC: MACD Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH

Ulcer index has reduced in stress level & low drawdown is expected for Ramsay Health Care
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for Ramsay Health Care

[BEARISH]: Ramsay Health Care UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.022.

Triangular Moving Average /
[Bullish]: Trend following indicator for RHC highlights upward price direction is likely

[BEARISH]: Ramsay Health Care currently has a confirmed downtrend. Recent trading has caused the TMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is -1.9%.

Detrended Price Oscillator /
Price is currently below the displaced moving average for RHC [Bearish]

[BEARISH]: Ramsay Health Care currently has a confirmed downtrend. Price is currently below the displaced moving average for RHCCurrently, the return on DPO20 is -1.9%.

Open Tod Vs Close Tod /
Ramsay Health Care opened in the upper part of daily range at 86.5% & closed in the lower part of the trading range at 0%. This suggests the sellers were in control all day.

RHC: Open today versus close yesterday Current Signal ->(1) 11 Jan: BEARISH STRONG (2) 11 Jan: BULLISH WEAK (3) 11 Jan: NEUTRAL

MACD Volume /
The Volume MACD has now risen above the signal line for RHC [Bullish Crossover]

[BULLISH CROSSOVER]: Ramsay Health Care currently has positive Volume MACD of 20316. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

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Opening Price /
Ramsay Health Care: Daily opening price is $70

[BEARISH]: Ramsay Health Care opening price has gapped down. Currently, the OPEN is $70 (-0.8 %).

Ramsay Health Care has signalled an Average Directional Index weak trend present
Average Directional Movement /
Ramsay Health Care has signalled an Average Directional Index weak trend present

[Weak Trend]: ADX for RHC has confirmed a weak trend is presentRamsay Health Care has an ATR(14) of 0.862, a DX of 3.78 & an ADX(14) of 17.78

Ramsay Health Care is in a short term uptrend with the support price @$69.826
Weighted Moving Average /
Ramsay Health Care is in a short term uptrend with the support price @$69.826

[BEARISH]: Ramsay Health Care currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -1.9%.

Medium Trend /
Ramsay Health Care: 2nd timeframe trend Uptrend remains intact

[BULLISH]: Ramsay Health Care has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jan 3 2018.

Short Trend /
First timeframe trend of Ramsay Health Care has signalled an Downtrend

[BEARISH]: Ramsay Health Care is in a downtrend in the short term timeframe. The sellers have dominated the daily trade, however further confirmation is required before taking a position

Volume Rate of Change /
Volume rate of change is now rising for Ramsay Health Care signalling an uptrend will persist

[BULLISH CROSSOVER]: Ramsay Health Care currently has positive volume of change of 34%. This means the current volume is greater than the price 14 days ago and therefore gaining momentum. Currently, the return on momentum is -1.9%.

Lower envelope oversold signal had been cancelled for Ramsay Health Care
Moving Average Envelope /
Lower envelope oversold signal had been cancelled for Ramsay Health Care

[NEUTRAL]: Ramsay Health Care current trading has closed out Envelope Bands to oversold status and signalled the initiation of normal trading conditions. Currently, the Lower Band is 66.3100.

Ramsay Health Care: Current trading activity signals OBV accumulation is present
On Balance Volume /
Ramsay Health Care: Current trading activity signals OBV accumulation is present

RHC: OBV Current Signal ->(1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH (3) 11 Jan: BEARISH CROSSOVER

High Price /
Weaker price performance from RHC has seen a lower high of -1.1 % [Downtrend]

[BEARISH]: Ramsay Health Care current downtrend in the first timeframe. Currently, the HIGH is -1.1 %.

Simple Moving Average /
Ramsay Health Care is in a short term uptrend with the SMA(15) @$69.8793

RHC: SMA(5) Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BULLISH CROSSOVER

Elder Ray Index /
Buying pressure for RHC highlights ability of buyers to drive the price upwards

[BEARISH]: Ramsay Health CareElder Ray Index is signalling a Bearish movementERI is -1.007 indicating bear power. Prices are being driven below the consensus of value for RHC during the last trading session [Selling Pressure]

Recent trading for RHC has failed to beaten the previous close by -1.9 % [Downtrend]
Closing Price /
Recent trading for RHC has failed to beaten the previous close by -1.9 % [Downtrend]

[BEARISH]: Ramsay Health Care current downtrend in the first timeframe. Currently, the Close is $68.91.

William %R oversold signal has just been triggered for Ramsay Health Care
Williams %R /
William %R oversold signal has just been triggered for Ramsay Health Care

[BEARISH]: Ramsay Health Care is currently Overbought highlighting the potential for a short term trend reversal in the downward direction.

Ramsay Health Care: Stochastic Oscillator 0 is below the oversold limit
Stochastic Oscillator /
Ramsay Health Care: Stochastic Oscillator 0 is below the oversold limit

[BULLISH]: Ramsay Health Care is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Rate of Change /
Ramsay Health Care: Rate of Change (14) Crossover

[BEARISH CROSSOVER]: Ramsay Health Care currently has negative rate of change of -1.3%. This means the current price is less than the price 14 days ago and therefore losing momentum & is a leading indicator of price movement in the downward direction

Exponential Moving Average /
[Uptrend]: Recent trading for RHC confirms bullish EMA(30) signal

[BEARISH]: Ramsay Health Care currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.9%.

Volume /
[Bullish]: New volume high has formed for RHC by 28.6 during the last trading session

RHC: VOLUME Current Signal -> (1) 11 Jan: BULLISH (2) 10 Jan: BULLISH (3) 09 Jan: BEARISH

Close Tod Vs Close Yest /
Daily trading performance for RHC has continued a short term downtrend

[BEARISH]: Ramsay Health Caresellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for RHC adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -1.9 & the greatest daily negative change this year has been -1.9. The longest consecutive downswing rally over the last 12 months has been 10 days giving a total rally downward movement of -10.5%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -2.3%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1.1x. Over the last month the average daily downward movement has been -0.9%

Daily trading for RHC indicated sellers are still in control
Close Tod Vs Range Tod /
Daily trading for RHC indicated sellers are still in control

[BEARISH]: Ramsay Health Care sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Ramsay Health Care adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 104 trading days with the closing price in the lower part of the range giving a confirmation ratio of 39.8%. Over the last month there has been 8 trading days with the closing price in the lower range giving a confirmation ratio of 100%. Currently this quarter, closing price has spent 8 days in the lower price range compared to 7 days in the upper range giving a ratio of 1.1x.

Ramsay Health Care: Direction, extent & volume have decreased in recent trading [Selling Pressure]
Elders Force Index /
Ramsay Health Care: Direction, extent & volume have decreased in recent trading [Selling Pressure]

RHC: Elders Force Index Current Signal -> (1) 11 Jan: BEARISH CROSSOVER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: BEARISH CROSSOVER

Woodie Pivot Point /
Ramsay Health Care has broken the first Woodie resistance point ($69.54) [Bullish]

Ramsay Health Care has broken the first Woodie resistance point ($69.54) [Bullish]. Look for a long limit order entry near this point. Exit price for RHC should be set @$70.485 & Stoploss for Ramsay Health Care should be set at $67.965

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