Capitol Health

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Elder Ray Index

Score

-0.7

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 66 8.1 0.55% 0.78% 2.6% -2.8% -33.8%
SHORT 65 4.9 0.65% 1.02% 1.8% -2.3% -18.2%

Summary

Technical Analysis

Capitol Health (CAJ.AX)


Indicator:

ELDER RAY INDEX


Last Signal:

BULLISH


Trading: BUY @ $0.225
Signal Strength: MEDIUM
Recommendation:

Volatility indicators highlight potential moves of a stock which can either move sharply in the updwards or downwards direction. This indicator allows stocks to be compared on a level playing field to highlight high and low volatility. Normally, falling markets are more likely to be volatile than a rising markets due to the emotion that gets tied to trading. Use volatility indicators in conjunction with other indicators to reduce exposure to false moves.


Capitol Health (ASX:CAJ) Elder Ray Index is signalling a Bullish movement



A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).

Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;


PROFILE: Capitol Health (CAJ.AX)


Stock Exchange: ASX
Company: Capitol Health
Ticker Codes: | CAJ.AX | ASX:CAJ |

About Capitol Health (ASX:CAJ):

Capitol Health Limited provides diagnostic imaging services to the healthcare market in Australia. The company owns and operates clinics in Victoria and New South Wales. It offers a range of diagnostic imaging services, including general x-ray, magnetic resonance imaging, ultrasound, mammography, Doppler, orthopantomogram, echocardiography, computed tomography, CT angiography, cone beam CT, nuclear medicine, bone densitometry, and fluoroscopy services. Capitol Health Limited was founded in 2006 and is headquartered in Melbourne, Australia.

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