IHH Healthcare Weekly HEFFX Highlights: $5.58 target

IHH Healthcare Weekly HEFFX Highlights: $5.58 target

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.

This week in IHH Healthcare:


Malaysia’s IHH Healthcare, which operates nine hospitals in the country (India), recently appointed Ashutosh Raghuvanshi, former group CEO at Narayana Hrudayalaya, a low-cost healthcare provider, to head Fortis HealthcareNSE -0.07 %, whose expenses have exceeded its revenues in the recent quarters.


https://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/analysis-the-dilemma-facing-hospital-companies-in-india/articleshow/69099063.cms

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 5.70.

The projected lower bound is: 5.33.

The projected closing price is: 5.51.

IHH HEALTHCARE closed up 0.010 at 5.520. Volume was 15% above average (neutral) and Bollinger Bands were 63% narrower than normal.

OpenHighLowCloseVolume
5.565.565.485.525,860,100

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

Moving Averages:10-period50-period200-period
Close:5.535.695.49
Volatility:182131
Volume:3,704,7915,157,2005,615,455

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 0.5% above its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect moderate flows of volume out of IHHH.KL (mildly bearish). Our trend forecasting oscillators are currently bearish on IHHH.KL and have had this outlook for the last 24 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 23.9437. This is not an overbought or oversold reading. The last signal was a sell 39 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 43.36. 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 buy 21 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 -75. This is not a topping or bottoming area. The last signal was a sell 2 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 6 period(s) ago.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 24 white candles and 23 black candles for a net of 1 white candles.

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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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