Estia Health

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%

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Trading Performance

Close vs Range

Score

-1.3

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 39 10.7 0.26% 0.33% 5.2% -3.1% -39.9%
SHORT 41 9.3 0.39% 0.59% 2.6% -2.8% -33.0%

Summary

Technical Analysis

Estia Health (EHE.AX)


Indicator:

PRICE RANGE CHANGE


Last Signal:

BEARISH


Trading: SELL @ $2.69
Signal Strength: WEAK
Recommendation:

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.


Estia Health (ASX:EHE)sellers in control. This is the first day of seller commitment for Estia Health adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 2 trading days with the closing price in the lower part of the range giving a confirmation ratio of 1.5%. Over the last month there has been 2 trading days with the closing price in the lower range giving a confirmation ratio of 18.2%. Currently this quarter, closing price has spent 2 days in the lower price range compared to 3 days in the upper range giving a ratio of 0.7x.



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: Estia Health (EHE.AX)


Stock Exchange: ASX
Company: Estia Health
Ticker Codes: | EHE.AX | ASX:EHE |

About Estia Health (ASX:EHE):

Estia Health Limited engages in the development and operation of owned and leased residential aged care homes in Australia. It has 68 facilities in 5,910 operating places in Victoria, South Australia, New South Wales, and Queensland. The company was founded in 2005 and is based in Sydney, Australia.

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