Ramsay Health Care

What indicators would you like to setup a trade for?

Candlestick Daily volume index Bar reversal Edit

Trade setup

Position Order Entry Exit Stop Loss Risk Return Expectancy
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

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%

Company

Indicator

Code Company Date Close Change Indicator Value Signal

Trading Performance

Weak Reversal

Score

0.9

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 24 10.6 0.71% 2.43% 2.4% -2.3% 24.8%
SHORT 24 21.3 0.50% 1.00% 2.7% -2.6% 2.0%

Summary

Technical Analysis

Ramsay Health Care (RHC.AX)


Indicator:

HIGH WAVE LINE


Last Signal:

REVERSAL


Trading: POSITION @ $73.62
Signal Strength: STRONG
Recommendation:

Indicator CAN BE USED in additional to another technical indicator to confirmation for trading position. 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 Japanese candlestick indicator can provide guidance on the short term battle between sellers and buyers from the companies recent trading.


Ramsay Health Care (ASX:RHC) has formed a new High Wave Line reversal pattern.



High wave candlesticks portray situations where the market is having difficulty coming to a consensus on a securities value. They are indicative of a market in which uncertainty and indecision prevail. Neither the buyers nor the sellers have a clear sense of which direction the market will head. The forces of supply and demand are equally balanced.

Calculation: High Wave Line Candlestick Pattern:
1) Small candlestick body One shadow required Shadow length 3x larger than candlestick body;


PROFILE: Ramsay Health Care (RHC.AX)


Stock Exchange: ASX
Company: Ramsay Health Care
Ticker Codes: | RHC.AX | ASX:RHC |

About Ramsay Health Care (ASX:RHC):

Ramsay Health Care Limited provides health care services to public and private patients. The company's health care services comprise day surgery procedures and complex surgeries, as well as psychiatric care and rehabilitation services. It operates approximately 235 hospitals and day surgery facilities with approximately 25,000 beds in Australia, the United Kingdom, France, Indonesia, Malaysia, and Italy. The company was founded in 1964 and is based in Sydney, Australia.

Top 10:

Weak Reversal

Download
Company Close Change(%) Volume Value Signal
SDG Sunland 1.7 2.1 326,259 0 REVERSAL
VVR Viva Energy Reit 2.76 0.4 8,896,977 0 REVERSAL
LLC Lend Lease Corporation 18.24 -0.4 3,127,469 0 REVERSAL
CHC Charter Hall 12.97 -0.5 1,104,100 0 REVERSAL
EHE Estia Health 2.05 -0.5 1,613,882 0 REVERSAL
MND Monadelphous 15.11 -0.7 584,680 0 REVERSAL
TCL Transurban 15.28 -0.8 5,289,904 0 REVERSAL
JHX James Hardie Industries 28.85 -0.9 1,333,660 0 REVERSAL
MMS Mcmillan Shakespeare 11.09 -0.9 298,862 0 REVERSAL
ARB Arb Corporation 17.76 -0.9 192,201 0 REVERSAL