Sonic Healthcare (SHL)

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Sonic Healthcare (SHL): Signals

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TECHNICAL ANALYSIS SUMMARY

Sonic Healthcare (SHL.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $23.65
Signal Strength: MEDIUM
Recommendation:

Sonic Healthcare (ASX:SHL) current trading has maintained the Commodity Channel Index to oversold status and signalled the continuation of the bullish trading conditions. Currently, the CCI is 105. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -86.


Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. 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.


The Commodity Channel Index indicator takes a security’s change in price and compares that to its average change in price. CCIs calculation produces positive and negative values that oscillate above and below a Zero Line. Typically a value of 100 is identified as overbought and a reading of -100 is identified as being oversold.

Calculation: 20 Period CCI:
1) CCI = (Typical Price - 20 Period SMA of TP) / (.015 x Mean Deviation);
2) Typical Price (TP) = (High + Low + Close)/3;


PROFILE: Sonic Healthcare (SHL.AX)


Stock Exchange: ASX
Company: Sonic Healthcare
Ticker Codes: | SHL.AX | ASX:SHL |

About Sonic Healthcare (ASX:SHL):

Sonic Healthcare Limited, a healthcare company, provides medical diagnostic services, and administrative services and facilities to medical practitioners. It operates through Laboratory, Imaging, and Other segments. The company offers laboratory medicine/pathology, diagnostic imaging, and radiology services to physicians, hospitals, community health services, and their collective patients. It also operates primary care medical centers and independent practitioner network. In addition, the company provides occupational health services, remote health services, community and home nursing services, primary care research programs, health assessment technologies, hospital avoidance programs, and clinical trials and chronic disease management programs, as well as GP services. It has operations in Australia, New Zealand, the United Kingdom, the United States, Germany, Switzerland, Belgium, and Ireland. The company was formerly known as Sonic Technology Australia Limited and changed its name to Sonic Healthcare Limited in November 1995. The company is headquartered in Macquarie Park, Australia.

Top 10:

Commodity Channel Index

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Company Close Change (%) Volume Value Signal
BNO Bionomics 0.19 54.2 16,758,073 637 BULLISH
BEE Broo 0.07 47.7 1,614,650 460 BULLISH
BDR Beadell Resources 0.07 14 17,662,973 121 BULLISH
AHG Advance Healthcare 1.78 8.6 1,763,317 87 BULLISH
JHC Japara Healthcare 1.41 8.5 654,003 197 BULLISH
PRU Perseus Mining 0.43 6.2 5,409,789 166 BULLISH
SLR Silver Lake Resources 0.65 5.7 3,558,611 233 BULLISH
FID Fiducian 5.18 5.1 18,881 149 BULLISH
IRD Iron Road 0.07 4.7 62,730 164 BULLISH
KAR Karoon Gas Australia 1.05 4.5 722,281 167 BULLISH
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