Capitol Health (CAJ.AX)
PRICE RANGE CHANGE
Trading: HOLD @ $0.22
Signal Strength: WEAK
Indicator MUST BE USED in additional to another technical indicator to confirmation for trading entry. Indicator can be applied to the short term timeframe but is only able to give and indication of the strength of the buyers versus sellers at the market close. This bar analysis can provide guidance on the daily battle between sellers and buyers from the companies recent trading.
Capitol Health (ASX:CAJ)buyers are in control at the market close. There has been 4 consecutive days of prices closing in the upper part of the trading range for Capitol Health 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 6 trading days with the closing price in the upper part of the range giving a confirmation ratio of 2.3%. Over the last month there has been 6 trading days with the closing price in the upper range giving a confirmation ratio of 37.5%. Currently this quarter, closing price has spent 6 days in the upper price range compared to 1 days in the lower range giving a ratio of 6x.
Where the closing price fall within the day’s trading range highlights whether are in control.
[Calculations] Close Today Versus Range Today (CTRT):
1) When the closing price is near the high of the day buyers were in control at the close of the trading session;
2) When the closing price is near the low of the day sellers were in control at the close of the trading session;
3) When the closing price is near the middle of the day’s range where neither the buyers or sellers were in control at the close of the trading session;
PROFILE: Capitol Health (CAJ.AX)
Stock Exchange: ASX
Company: Capitol Health
Ticker Codes: | CAJ.AX | 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.
Close vs RangeDownload
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