Sonic Healthcare (SHL)

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Sonic Healthcare (SHL): Signals

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TECHNICAL ANALYSIS SUMMARY

Sonic Healthcare (SHL.AX)


Indicator:

COMMOIDITY CHANNEL INDEX


Last Signal:

BEARISH


Trading: SELL @ $23.81
Signal Strength: MEDIUM
Recommendation:

Sonic Healthcare (ASX:SHL) current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is -98. The bearish signal has been active for 33 days. During the quarter, the highest CCI value was 14.


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.


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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