|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Primary Healthcare (PRY.AX)
SINE WEIGHTED MOVING AVERAGE
Trading: BUY @ $2.57
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Primary Healthcare (ASX:PRY) currently has a confirmed uptrend. Recent trading has caused the SWMA 15 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is -3.0%.
A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.
Calculation: Sine Weighted Moving Average (SWMA):
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
PROFILE: Primary Healthcare (PRY.AX)
Stock Exchange: ASX
Company: Primary Healthcare
Ticker Codes: | PRY.AX | ASX:PRY |
Primary Health Care Limited provides various services and facilities to general practitioners, radiologists, and other health care providers in Australia. It operates through three segments: Medical Centres, Pathology, and Imaging. The company offers diagnostic imaging services, such as general X-ray, point CT scanning, MRI scanning, mammography, bone densitometry, angiography, ultrasound, doppler ultrasound, echocardiography, fluoroscopic screening, OPG, and nuclear medicine services; and medical laboratory and pathology services. It also operates medical centers that provide nursing support, pathology, radiology, pharmacy, physiotherapy, dental, specialist room, and allied health services; and IVF services, eye and skin specialists, skin cancer checks, and consultant specialist doctors. The company operates 71 medical centers, 107 pathology labs, 2,207 collection centers, and 141 diagnostic imaging sites. Primary Health Care Limited was incorporated in 1994 and is headquartered in St Leonards, Australia.
|OSP Osprey Medical||0.13||8.3||116,447||4.8||BULLISH|
|RMS Ramelius Resources||0.42||5.1||1,135,308||4.2||BULLISH|
|BFG Bell Financial||1||4.2||140,673||5.6||BULLISH|
|WGX Westgold Resources||1.04||3||612,717||1.5||BULLISH|
|RIC Ridley Corporation||1.44||2.9||242,337||39.7||BULLISH|
|BBN Baby Bunting||2.38||2.1||1,361,584||12.1||BULLISH|
|OMH OM Holdings||1.43||1.8||326,065||23||BULLISH|
|LIC Lifestyles Communities||5.59||1.5||44,410||0.8||BULLISH|