The Donchian channel is a useful indicator for seeing the volatility of a market price. If a price is stable the Donchian channel will be relatively narrow. If the price fluctuates a lot the Donchian channel will be wider. The two outer bands are plotted as the highest high and lowest low for a set period originally 20 days with the optional middle band calculated as the average of the two.
Calculation: Donchian Channels:
1) Upper Channel = 20 Day High;
2) Lower Channel = 20 Day Low;
3) Middle Channel = (20 Day High + 20 Day Low)/2;
PROFILE: Healthscope (HSO.AX)
Stock Exchange: ASX
Ticker Codes: | HSO.AX | ASX:HSO |
Healthscope Limited provides healthcare services in Australia, New Zealand, Malaysia, Singapore, and Vietnam. The company operates through Hospitals Australia, Pathology New Zealand, and Other segments. It operates 45 private hospitals, which include 32 acute hospitals, 7 mental health hospitals, and 6 rehabilitation hospitals with approximately 5,000 inpatient beds. The company also provides human pathology, and veterinary and analytical pathology services under the Labtests, Southern Community Laboratories, Northland Pathology, Gribbles, Gribbles Pathology, and Quest Laboratories brands. In addition, it operates 43 medical centers, 4 specialist skin clinics, and 1 specialist breast diagnostic clinic. The company was formerly known as Healthscope Hospitals Holdings Pty. Ltd. and changed its name to Healthscope Limited in July 2014. Healthscope Limited was founded in 1985 and is based in Melbourne, Australia.
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