[BEARISH]: Orion Health currently has a confirmed downtrend. Recent trading has caused the WMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA15 is -3.6%.
Weighted moving averages (WMA) are difficult to construct but more reliable than the simple moving averages. WMA permits an unequal weighting on prior time periods.
Calculation: Weighted Moving Average (WMA):
1) Ft= W1At-1 + WnAt-n
PROFILE: Orion Health (OHE.AX)
Stock Exchange: ASX
Company: Orion Health
Ticker Codes: | OHE.AX | ASX:OHE |
Orion Health Group Limited engages in the development, implementation, hosting, sale, and support of software for the healthcare IT market. The company offers Amadeus, a platform for population health management and precision medicine that provides healthcare professionals with an approach to acquire, measure, analyze, and present actionable clinical and claims data, as well as non-traditional data; Rhapsody, an intelligent integration for healthcare systems; and Amadeus Analytics that enables healthcare organizations to identify gaps in care, improve clinical outcomes, address quality-reporting requirements, and improve the cost of care. It also provides Coordinate, which enables patient-centric care through decision-making and actions; Engage, a solution that leverages data sources to provide individuals with access to their own health record; Communicate, a healthcare communications solution that provides protected communication between patients, healthcare providers, and organizations across desktop and electronic medical systems; Medicines, an integrated solution for a patient-centric view of medications; and Medicare Shared Savings Program (MSSP) Management, a real-time accountable care organizations performance monitoring and operational management solution to derive the maximum shared savings available from the MSSP. In addition, it offers managed, implementation, and education services. Orion Health Group Limited offers solutions for healthcare providers, payers, public health and HIEs, pharmaceutical retailers, medical device manufacturers, app developers, pharmaceutical manufacturers, precision medicine, interoperability, and population health management. The company was formerly known as Orion Corporation Limited and changed its name to Orion Health Group Limited in October 2014. Orion Health Group Limited was founded in 1993 and is headquartered in Auckland, New Zealand.
Weighted Moving AverageDownload
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