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
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Sellers are still less eager for Sonic Healthcare given the price range is contracting
Range Tod Vs Range Yest /
Sellers are still less eager for Sonic Healthcare given the price range is contracting

[WEAK BULLISH]: Sonic Healthcaresellers are becoming less eager. There has been 3 consecutive days of range increase for SHL reducing strength to an uptrend in the first timeframe. The biggest price range this month has been $1.9 & the greatest daily price range this year has been $2.35. The price range ratio this week versus the quarterly price range is 0.2x & the price range ratio this month versus the year to date price range is 0.8x.

Volume rate of change(14) is decreasing for Sonic Healthcare
Volume Rate of Change /
Volume rate of change(14) is decreasing for Sonic Healthcare

[BEARISH]: Sonic Healthcare currently has negative rate of change of -49%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.2%.

Momentum /
Sonic Healthcare currently has negative momentum of -0.35

[BEARISH]: Sonic Healthcare currently has negative momentum of -0.35 This means the current price is less than the price 5 days ago and therefore losing momentum. Currently, the return on momentum is -0.2%.The largest downward momentum rally for the last 3 months is 5 days producing a return of -1.8%%.

Ulcer Index /
Ulcer index has fallen as the price rises for Sonic Healthcare

[BEARISH]: Sonic Healthcare UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 2.392.

Simple Moving Average /
[Uptrend]: Recent trading for SHL indicates ST trend is likely to continue

[BEARISH]: Sonic Healthcare currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.2%.

Accumulation / Distribution /
Accumulation still active for Sonic Healthcare

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

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Sine Weighted Moving Average /
[Bullish]: SWMA(5) is serving as a support line for Sonic Healthcare

[BULLISH]: Sonic Healthcare currently has a confirmed uptrend. Recent trading has caused the SWMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.2%.

Closing price for SHL is still below the lower envelope signalling a bullish movement
Moving Average Envelope /
Closing price for SHL is still below the lower envelope signalling a bullish movement

[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 22.6575.

Sonic Healthcare: Aroon oscillator (32) has confirmed an uptrend is present
Aroon Oscillator /
Sonic Healthcare: Aroon oscillator (32) has confirmed an uptrend is present

[BULLISH]: Sonic Healthcare has a current ARO(25) of 32. This has change 0 points from yesterday.

Pivot Points /
Limit order for a short position has been identified for Sonic Healthcare [Bearish]

Sonic Healthcare has broken the first support point ($23.88) [Bearish]. Look for a short limit order entry near this point. Exit price for SHL should be set @$23.68 & short position stoploss for Sonic Healthcare should be set between $24.36 & $24.56

Bear Harami /
Sonic Healthcare: Bear Harami

[BEARISH]: Sonic Healthcare has formed a new Bear Harami reversal pattern.

Close Tod Vs Range Tod /
Sonic Healthcare: Buyers are in control at the market close.

[BULLISH]: Sonic Healthcare buyers are in control at the market close. There has been 2 consecutive days of prices closing in the upper part of the trading range for Sonic Healthcare adding strength to an uptrend in the first timeframe & highlights the commitment of buyers to carry positions overnight. Over the last 12 months there has been 86 trading days with the closing price in the upper part of the range giving a confirmation ratio of 33.6%. Over the last month there has been 5 trading days with the closing price in the upper range giving a confirmation ratio of 38.5%. Currently this quarter, closing price has spent 10 days in the upper price range compared to 2 days in the lower range giving a ratio of 5x.

Market conditions are indicating OBV accumulation is current for SHL
On Balance Volume /
Market conditions are indicating OBV accumulation is current for SHL

[BULLISH]: Sonic Healthcare current price has highlighted recent accumulation. Currently, the OBV is 6.41345e+006.

DeMark pivot point for SHL is bullish. Stoploss should be positioned @$23.95
Demarks Pivot Points /
DeMark pivot point for SHL is bullish. Stoploss should be positioned @$23.95

Sonic Healthcare has broken the first DeMark resistance point ($24.055) [Bullish]. Look for a long limit order entry near this point. Exit price for SHL should be set @$24.29 & Stoploss for Sonic Healthcare should be set at $23.95

Short Trend /
Sonic Healthcare: Daily Downtrend has been confirmed

[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

Triangular Moving Average /
[Bearish]: TMA(5) is serving as a resistance line for Sonic Healthcare

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

PPO: The shorter moving average for SHLis still above the longer term moving average
Percentage Price /
PPO: The shorter moving average for SHLis still above the longer term moving average

[BULLISH]: Sonic Healthcare currently has positive PPO 0.900%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Sonic Healthcare has moved above the 161.8% extension level ($4.96) [Bearish]
Fibonacci Extensions /
Sonic Healthcare has moved above the 161.8% extension level ($4.96) [Bearish]

Sonic Healthcare: The current Fibonacci Extension levels are: (23.61%) $24.48: (38.2%) $24.18: (50%) $23.93: (61.8%) $23.68The current support levels are: (78.6%) $23.34: (100%) $22.89: (138.2%) $22.1: (161.8%) $21.6: (261.8%) $19.52: (423.61%) $16.16

Sonic Healthcare: Stoploss for short position should be set at $24.375
Woodie Pivot Point /
Sonic Healthcare: Stoploss for short position should be set at $24.375

Sonic Healthcare current pivot point (Woodie) is: $24.035. The current resistance levels are: (R1) $24.25: (R2) $24.375The current support levels are: (S1) $23.91: (S2) $23.695

Elders Force Index /
Sonic Healthcare: Elders Force Index (-31902)

[BEARISH]: Sonic Healthcare current price has highlighted recent selling pressure. Currently, the Elders Force Index is -88248.

Open Tod Vs Close Tod /
Open/close reversal: Sellers have lost control during the trading day for SHL

[BULLISH]: Sonic Healthcare opened in the upper part of daily range at 67.6% & closed in the upper part of the trading range at 76.5%. This suggests the sellers have lost control. Over the last 12 months there has been 18 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 7%. Over the last month there has been 1 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 7.7%.

High Price /
[Bearish]: Lower high has formed for SHL by -0.3 % during the last trading session

[BEARISH]: Sonic Healthcare current downtrend in the first timeframe. Currently, the HIGH is -0.3 %.

Price Range /
[Bearish]: Range has decreased for SHL during the last trading session

[BEARISH]: Sonic Healthcare current downtrend in the first timeframe. Currently, the Range is $0.34.

SHL: Average Directional Index has confirmed a strong trend @28.65
Average Directional Movement /
SHL: Average Directional Index has confirmed a strong trend @28.65

[Trend]: ADX for SHL has confirmed a strong trend is presentSonic Healthcare has an ATR(14) of 0.451, a DX of 0.62 & an ADX(14) of 28.65

Sonic Healthcare is being actively accumulated based on DVI
Daily Volume Index /
Sonic Healthcare is being actively accumulated based on DVI

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

Detrended Price Oscillator /
Daily trading has confirmed the DPO(20) is bullish for Sonic Healthcare

SHL: DPO Current Signal -> (1) 20 Feb: BULLISH (2) 19 Feb: BULLISH CROSSOVER (3) 20 Feb: BEARISH

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