Sonic Healthcare (SHL)

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Sonic Healthcare (SHL): Signals

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TECHNICAL ANALYSIS SUMMARY

Sonic Healthcare (SHL.AX)


Indicator:

SINE WEIGHTED MOVING AVERAGE


Last Signal:

BEARISH


Trading: SELL @ $21.74
Signal Strength: STRONG
Recommendation:

Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.


Sonic Healthcare (ASX:SHL) currently has a confirmed downtrend. Recent trading has caused the SWMA 15 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA15 is 0.5%.



A Sine wave is a smooth repetitive oscillation that shifts between a high of y and a low of -y. A SW-MA takes its weighting from the first half of a Sine wave cycle so the largest weighting is given to the data in the middle. The result is very similar to the Triangular Moving Average (Tri-MA) but much more difficult to calculate.

Calculation: Sine Weighted Moving Average (SWMA):
1) PI:=3.14;
2) SD:=180/6;
3) S1:=Sin(1*180/6)*C;
4) S2:=Sin(2*180/6)*Ref(C -1);
5) S3:=Sin(3*180/6)*Ref(C -2);
6) S4:=Sin(4*180/6)*Ref(C -3);
7) S5:=Sin(5*180/6)*Ref(C -4);
8) Num:=S1+S2+S3+S4+S5;
9) Den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
10) SWMA=Num/Den


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.

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