Trading: HOLD @ $185.79
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.
Cochlear (ASX:COH) buyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for COH adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 3.0 & the greatest daily positive change this year has been 3.0. The longest consecutive upswing rally over the last 12 months has been 6 days giving a total rally upward movement of 38776.4%. This quarter, the largest upswing rally has been 4 days giving a total rally upward movement of 5.2%. The win ratio for price rise in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 6x. Over the last month the average daily upward movement has been 1.000000%
The only price most market participants look at is the closing price in relation to the previous day’s close. As such the position of the close has the ability to highlight recent performance and indirectly the keenness of traders.
[Calculations] Close Today Versus Close Yesterday (CTCY):
1) [Close] > [Close Yesterday] = Buyers keener than sellers;
2) [Close] < [Close Yesterday] = Sellers keener than buyers;
3) [Close] = [Close Yesterday] = Neither are keener
PROFILE: Cochlear (COH.AX)
Stock Exchange: ASX
Ticker Codes: | COH.AX | ASX:COH |
Cochlear Limited provides implantable hearing solutions. The company offers cochlear implants, including Nucleus 6 system and Kanso sound processors; Carina middle-ear implants and accessories; Baha bone conduction implants, such as Baha attract system, Baha connect system, Baha softband, Baha 5 sound processor, Baha 5 power, Baha 5 superpower, other sound processors, and wireless accessories; and Cochlear true Wireless devices comprising mini microphones, phone clips, and TV streamers. It also provides Cochlear Vistafix bone-anchored facial prosthetic solutions to enhance the attachment and cosmetic outcome of facial prostheses. The company sells its products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Cochlear Limited has a strategic collaboration with Sensorion to focus on improving hearing outcomes in patients with cochlear implants. The company was incorporated in 1983 and is headquartered in Sydney, Australia.
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