Summerset Holdings (SNZ.AX)
Trading: SELL @ $6.52
Signal Strength: STRONG
Indicator is best used in conjunction with additional indicators as it has the ability to highlight potential overbought or oversold levels. This indicator utilizes upper and lower bands to visually represent price extremes associated with the bands. Additional value can be added to the trading strategy by accessing divergences between price and volume.
Summerset Holdings (ASX:SNZ) is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. The current level is 98.04% with a current width of 9.11.
The purpose of the Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band. This definition can aid in rigorous pattern recognition and is useful in comparing price action of the action of indicators to arrive at systematic trading decision.
Calculation: Bollinger Bands:
1) Middle Band = 20-day simple moving average (SMA);
2) Upper Band = 20-day SMA + (20-day standard deviation of price x 2);
3) Lower Band = 20-day SMA - (20-day standard deviation of price x 2);
PROFILE: Summerset Holdings (SNZ.AX)
Stock Exchange: ASX
Company: Summerset Holdings
Ticker Codes: | SNZ.AX | ASX:SNZ |
Summerset Group Holdings Limited, together with its subsidiaries, builds, owns, and operates integrated retirement villages in New Zealand. The company provides various independent living options, including villas, townhouses, and apartments. It also offers support services, such as housekeeping, cleaning, daily newspaper delivery, personal laundry, ironing, and bed linen services; on-demand services, including companionship visits, personal shopping, home and spring-cleaning, car washing and grooming, WOF and service checks, and help walking or minding pets; and food services to residents comprising fresh cooked meals delivery to door. In addition, the company provides in-home care services, support services in apartments, and on-site care center services. As of September 14, 2017, it operated 22 retirement villages; and provided living options and care services to approximately 4,400 residents. Summerset Group Holdings Limited was founded in 1994 and is headquartered in Wellington, New Zealand.
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