IHH Healthcare HEFFX Highlights

IHH Healthcare HEFFX Highlights

IHH Healthcare Berhad is an investment holding company. The Company operates through five segments: Parkway Pantai, which is a hospital operator and healthcare service provider in Asia; Acibadem Holdings, which is a hospital operator and healthcare service provider in Central Eastern Europe, the Middle East and North Africa (CEEMENA) and investment holding companies owning Acıbadem Saglik Yatirimlari Holding A.S. (ASYH); IMU Health, which is an education service provider in Malaysia; PLife REIT, which is a real estate investment trust, and others segment, which includes the corporate office. Its business units operate over 10,000 licensed beds in approximately 50 hospitals, as well as medical centers, clinics and ancillary healthcare businesses in over 10 countries. Its subsidiaries include IMU Health Sdn. Bhd., Integrated Healthcare Holdings Limited, Integrated Healthcare Holdings (Bharat) Limited and Integrated Healthcare Turkey Yatirimlari Limited.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 6.05.

The projected lower bound is: 5.54.

The projected closing price is: 5.79.

IHH HEALTHCARE closed up 0.060 at 5.790. Volume was 32% above average (neutral) and Bollinger Bands were 42% narrower than normal.

OpenHighLowCloseVolume
5.745.885.745.796,770,500

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages:10-period50-period200-period
Close:5.725.585.57
Volatility:162932
Volume:6,545,9215,380,5326,163,291

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary
IHH HEALTHCARE is currently 3.9% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into IHHH.KL (mildly bullish). Our trend forecasting oscillators are currently bullish on IHHH.KL and have had this outlook for the last 19 periods.

Momentum
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 66.0194. This is not an overbought or oversold reading. The last signal was a sell 3 period(s) ago.

Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 58.35. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 49 period(s) ago.

Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 111.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 3 period(s) ago.

MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 7 period(s) ago.

Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 2 black candles for a net of 5 white candles. During the past 50 bars, there have been 26 white candles and 21 black candles for a net of 5 white candles.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.


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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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