Oneview Healthcare (ONE.AX)
Trading: SELL @ $0.49
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has been constructed to highlight the existence of a trend for an assocaited timeframe. Trend determining indicators can be used in short, medium or long term timeframes & determines if the stock is trending or ranging. Once the trend status is quantified, this can then be coupled to additional indicators to add a significant advantage to the trading strategy.
Oneview Healthcare (ASX:ONE) is in an downtrend in the medium term timeframe. The current rally number is 4 & the highest rally count for the LTM is 4. The highest rally for the month is 10
The Tricklar medium term trend indicator (TRICK) highlights the peaks and troughs associated with a combination of bars within the first timeframe. As such, successive rallies penetrating preceding higher peaks whilst cancelling preceding low points offer a BULLISH indication in the second time frame. Conversely, failure of rallies to penetrate previous high points whilst maintaining prices below the previous low points indicates BEARISH trends in the second timeframe. The way in which multiple timeframes should be integrated in a complete analysis emphasises an important principle that applies to all technical analysis. The investor should always analyse a market from the big picture down to the level at which trading decisions are made. Trends can exist in many timeframes. Short term trends can therefore be seen together as part of a medium term trend and, in turn, medium trends can be seen together as part of a long term trend.
Calculation: Tricklar medium trend (TRICK):
1) [BULLISH] An uptrend is a succession of higher peaks and higher troughs;
2) [BEARISH] A downtrend is a succession of lower peaks and lower troughs;
PROFILE: Oneview Healthcare (ONE.AX)
Stock Exchange: ASX
Company: Oneview Healthcare
Ticker Codes: | ONE.AX | ASX:ONE |
Oneview Healthcare PLC, a software and solutions company, designs, develops, implements, and sells software and related consultancy services for the healthcare sector in Ireland, the United States, Australia, and the Middle East and North Africa. The company offers Inpatient, a platform that allows active collaboration between patients and clinical staff; Connect, a mobile application; Senior Living solution; and Patient Pathways, a product, which targets the digitization of various clinical pathways. It serves hospitals and healthcare providers. Oneview Healthcare PLC was incorporated in 2012 and is headquartered in Dublin, Ireland.
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