Technical analysis from Sonic Healthcare (SHL.AX.AX, ASX:SHL.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Sonic Healthcare
+ Share

Weaker price performance from SHL has seen a lower low of -0.8 % [Downtrend]
Low Price /
Weaker price performance from SHL has seen a lower low of -0.8 % [Downtrend]

[BULLISH]: Sonic Healthcare current downtrend in the first timeframe. Currently, the Low is $23.0000 (-0.8 %).

Sonic Healthcare: Stoploss for short position should be set between $23.3470 & $23.4540
Pivot Points /
Sonic Healthcare: Stoploss for short position should be set between $23.3470 & $23.4540

Sonic Healthcare has broken the first support point ($22.9740) [Bearish]. Look for a short limit order entry near this point. Exit price for SHL should be set @$22.8670 & short position stoploss for Sonic Healthcare should be set between $23.3470 & $23.4540

Sine Weighted Moving Average /
The SWMA trend following signal is still current for Sonic Healthcare [Bearish]

[BEARISH]: Sonic Healthcare currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.7%.

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

[BULLISH]: Sonic HealthcareElder Ray Index is signalling a Bullish movementERI is 0.0980 indicating bull power. Prices are being driven above the consensus of value for SHL during the last trading session [Buying Pressure]

Elders Force Index /
[Bullish]: Continued buying pressure for Sonic Healthcare has been confirmed

[BULLISH]: Sonic Healthcare current price has highlighted recent buying pressure. Currently, the Elders Force Index is 10319.0000.

Range Tod Vs Range Yest /
Sonic Healthcare: Sellers are now becoming less eager.

[WEAK BULLISH]: Sonic Healthcaresellers are becoming less eager. This is the first day sellers have decreased eagerness for SHL reducing strength to a downtrend in the first timeframe. The biggest price range this month has been $1.1100 & the greatest daily price range this year has been $2.4900. The price range ratio this week versus the quarterly price range is 0.5000000000000000000x & the price range ratio this month versus the year to date price range is 0.4000000000000000000x.

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Momentum /
5-day momentum is increasing for Sonic Healthcare

[BULLISH]: Sonic Healthcare currently has positive momentum of 0.0300. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.7000%. The largest upward momentum rally for the last 3 months is 10 days producing a return of 1%%.

[Bearish]: Opening performance for SHL of -1.3 % was achieved in last trading session
Opening Price /
[Bearish]: Opening performance for SHL of -1.3 % was achieved in last trading session

[BEARISH]: Sonic Healthcare opening price has gapped down. Currently, the OPEN is $23.2000 (-1.3 %).

Recent trading for Sonic Healthcare fell short of the previous close by -0.7 %
Closing Price /
Recent trading for Sonic Healthcare fell short of the previous close by -0.7 %

[BEARISH]: Sonic Healthcare current downtrend in the first timeframe. Currently, the Close is $23.0800.

Ease of Movement /
Sonic Healthcare was easily moved downward on low volume in recent trading [Bearish]

[BEARISH]: Sonic Healthcare current price have moved downwards on low volume. Currently, the Ease of Movement is -9.0460

Triangular Moving Average /
The TMA trend following signal is now active for Sonic Healthcare [Bearish]

SHL: TMA Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BEARISH (3) 18 Apr: BEARISH

Demarks Pivot Points /
Sonic Healthcare: Stoploss for short position should be set between $23.0800 & $23.1600

Sonic Healthcare current pivot point (DeMark) is: (R1) $23.1600. The current pivot point (DeMark) is: (S1) $22.9200.

Sonic Healthcare has signalled an ATR trend present [Downtrend]
Average True Range /
Sonic Healthcare has signalled an ATR trend present [Downtrend]

SHL: Average True Range Recent Trading -> (1) 20 Apr: 0.3450 (2) 19 Apr: 0.3520 (3) 18 Apr: 0.3530

[Bearish]: Sonic Healthcare has failed beat previous high by -1.2 %
High Price /
[Bearish]: Sonic Healthcare has failed beat previous high by -1.2 %

[BEARISH]: Sonic Healthcare current downtrend in the first timeframe. Currently, the HIGH is -1.2 %.

Short Trend /
[Downtrend]: A lower low has been achieved again for last trading day for SHL

[BEARISH]: Sonic Healthcare 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

Accumulation / Distribution /
Sonic Healthcare is being actively accumulated

[BULLISH]: Sonic Healthcare current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the ADLINE is 4981288.0000. day.

Average Directional Movement /
Daily trading has confirmed an ADX weak trend (21.3000) for Sonic Healthcare

[Weak Trend]: ADX for SHL has confirmed a weak trend is presentSonic Healthcare has an ATR(14) of 0.3450, a DX of 11.5800 & an ADX(14) of 21.3000

DPO for SHL has confirmed price is currently below the displaced moving average
Detrended Price Oscillator /
DPO for SHL has confirmed price is currently below the displaced moving average

[BEARISH]: Sonic Healthcare currently has a confirmed downtrend. Price is currently below the displaced moving average for SHLCurrently, the return on DPO20 is -0.7%.

Sonic Healthcare: DVI(1235.0000)
Daily Volume Index /
Sonic Healthcare: DVI(1235.0000)

[BULLISH]: Sonic Healthcare current accumulation has given strength to the share price and the continuation of bullish trading conditions. Currently, the DVI is 1235.0000.

Sonic Healthcare: Three Black Crows
Three Black Crows /
Sonic Healthcare: Three Black Crows

SHL: Reversal (Weak) Candlestick Current Signal -> (1) 20 Apr: BEARISH (2) 19 Apr: BULLISH (3) 18 Apr: NEUTRAL

Volume /
Sonic Healthcare: Daily volume performance is -4.9 [Downtrend]

[BEARISH]: Sonic Healthcare current volume downtrend in the first timeframe. Volume for SHL is636752 (-4.9).

MACD Volume /
Volume MACD oscillator is now negative for SHL

[BEARISH CROSSOVER]: Sonic Healthcare currently has negative Volume MACD of -1931.0000. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost commitment during the trading day for Sonic Healthcare

[BEARISH WEAK]: Sonic Healthcare opened in the upper part of daily range at 83.300000000000000% & closed in the middle part of the trading range at 33.300000000000000%. This suggests the sellers have lost commitment. Over the last 12 months there has been 31 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 11.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 13.3%.

Moving Average Envelope /
Closing price ($23.0800) for SHL is still below the Lower Envelope Band

[BULLISH]: Sonic Healthcare current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 22.1255.

CMF has positive divergence between price and volume
Chaikin Money Flow /
CMF has positive divergence between price and volume

SHL: Chaikin Oscillator Current Signal -> (1) 20 Apr: BULLISH (2) 19 Apr: BULLISH (3) 18 Apr: BULLISH

CCI has stabilized for SHL
Commodity Channel Index /
CCI has stabilized for SHL

[NEUTRAL]: Sonic Healthcare current trading has closed out Commodity Channel Index to overbought status and signalled the initiation of normal trading conditions. Currently, the CCI is 43.0000. The previous bearish signal was active for 1 day. During the quarter, the highest CCI value was 157.

Woodie Pivot Point /
Sonic Healthcare has moved below the S1 Woodie pivot point ($22.9600) [Bearish]

Sonic Healthcare has broken the first Woodie support point ($22.9600) [Bearish]. Look for a short limit order entry near this point. Exit price for SHL should be set @$22.8600 & short position stoploss for Sonic Healthcare should be set at $23.3400

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