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

Chaikin Money Flow

Score

-0.4

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 21.9 0.50% 1.00% 4.5% -4.5% -0.3%
SHORT 22 12.6 0.36% 0.57% 3.2% -3.5% -23.4%

Summary

Technical Analysis

Ramsay Health Care (RHC.AX)


Indicator:

CHAIKIN MONEY FLOW


Last Signal:

BEARISH


Trading: SELL @ $52.15
Signal Strength: MEDIUM
Recommendation:

Ramsay Health Care (ASX:RHC) current price has highlighted recent selling pressure and the continuation of a bearish trading conditions. Currently, the CMF is -0.24. RHC.AXThe bearish signal has been active for 1 day. During the quarter, the lowest CMF value was -0.29 occurring on the Mar 9 2020.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading exit. Indicator can be applied to the short/medium term timeframe, but the best results are obtained with larger cyclical swings in-line with the trend direction. This accumulation / distribution oscillator can provide guidance on the money flow direction from the companies recent trading.

Developed by Marc Chaikin, Chaikin Money Flow measures the amount of Money Flow Volume over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back period, typically 20 or 21 days. The resulting indicator fluctuates above/below the zero line just like an oscillator. Chartists weigh the balance of buying or selling pressure with the absolute level of Chaikin Money Flow. Chartists can also look for crosses above or below the zero line to identify changes on money flow.

Calculation: Chaikin Money Flow (20):
1) Money Flow Multiplier = [(Close - Low) - (High - Close)] / (High - Low);
2) Money Flow Volume = Money Flow Multiplier x Volume for the Period;
3) 20-period CMF = 20-period Sum of Money Flow Volume / 20 period Sum of Volume;


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:

Chaikin Money Flow

Download
Company Close Change(%) Volume Value Signal
BBN Baby Bunting 2.11 24.1 1,475,856 -0.32 BEARISH
ISD Isentia 0.15 20.8 1,057,241 -0.22 BEARISH
AJX Alexium International 0.04 17.6 638,300 -0.02 BEARISH
MNS Milnes Holdings 0.07 16.4 1,133,686 -0.12 BEARISH
ATL ASX 20 0.1 16.3 289,754 -0.09 BEARISH
BKY Berkeley Resources 0.16 14.3 542,159 -0.3 BEARISH
VRL Village Roadshow 1.14 14 354,335 -0.48 BEARISH
BEE Broo 0.01 12.5 126,198 -0.29 BEARISH
AGI Ainsworth Game Technology 0.41 12.3 313,697 -0.05 BEARISH
FBR Fastbrick Robotics 0.02 11.8 7,287,115 -0.23 BEARISH