Sonic Healthcare

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%

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Trading Performance

Commodity Channel Index

Score

0.75

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 57 6.6 0.58% 1.32% 1.6% -1.5% 16.0%
SHORT 58 8.0 0.50% 1.00% 2.4% -2.0% 11.8%

Summary

Technical Analysis

Sonic Healthcare (SHL.AX)


Indicator:

COMMODITY CHANNEL INDEX


Last Signal:

BULLISH


Trading: HOLD @ $27.5
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 204. The bullish signal has been active for 0 day. During the quarter, the lowest CCI value was -302.


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

Download
Company Close Change(%) Volume Value Signal
PPS Praemium 0.41 9.3 3,235,337 103 BULLISH
NAN Nanosonics 4.93 6.7 1,283,636 151 BULLISH
DWS DWS 1.13 6.6 119,422 149 BULLISH
VGL Volante 5.8 6.4 1,417 172 BULLISH
NST Northern Star Resources 10.54 5.6 3,773,663 199 BULLISH
SAR Saracen Mineral 3.66 5.5 4,153,957 224 BULLISH
FMG Fortescue Metals 8.8 5.4 17,285,949 83 BULLISH
PRU Perseus Mining 0.5 5.3 6,327,147 219 BULLISH
DNA Donaco International 0.11 5 843,519 107 BULLISH
CIA Champion Iron 3.24 4.9 531,475 154 BULLISH