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Resonance Health Ltd
Buy, Hold or Sell?

Let's analyse Resonance Health Ltd together

PenkeI guess you are interested in Resonance Health Ltd. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Resonance Health Ltd. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Resonance Health Ltd (30 sec.)










What can you expect buying and holding a share of Resonance Health Ltd? (30 sec.)

How much money do you get?

How much money do you get?
A$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
A$0.02
Expected worth in 1 year
A$0.01
How sure are you?
60.0%

+ What do you gain per year?

Total Gains per Share
A$-0.01
Return On Investment
-9.4%

For what price can you sell your share?

Current Price per Share
A$0.07
Expected price per share
A$0.062 - A$0.08
How sure are you?
50%

1. Valuation of Resonance Health Ltd (5 min.)




Live pricePrice per Share (EOD)

A$0.07

Intrinsic Value Per Share

A$-0.03 - A$0.00

Total Value Per Share

A$-0.01 - A$0.02

2. Growth of Resonance Health Ltd (5 min.)




Is Resonance Health Ltd growing?

Current yearPrevious yearGrowGrow %
How rich?$6.4m$6.9m-$493k-7.6%

How much money is Resonance Health Ltd making?

Current yearPrevious yearGrowGrow %
Making money-$509k-$744.7k$235.7k46.3%
Net Profit Margin-17.7%-29.8%--

How much money comes from the company's main activities?

3. Financial Health of Resonance Health Ltd (5 min.)




4. Comparing to competitors in the Health Information Services industry (5 min.)




  Industry Rankings (Health Information Services)  


Richest
#82 / 122

Most Revenue
#89 / 122

Most Profit
#45 / 122

What can you expect buying and holding a share of Resonance Health Ltd? (5 min.)

Welcome investor! Resonance Health Ltd's management wants to use your money to grow the business. In return you get a share of Resonance Health Ltd.

What can you expect buying and holding a share of Resonance Health Ltd?

First you should know what it really means to hold a share of Resonance Health Ltd. And how you can make/lose money.

Speculation

The Price per Share of Resonance Health Ltd is A$0.07. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Resonance Health Ltd.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Resonance Health Ltd, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is A$0.02. Based on the TTM, the Book Value Change Per Share is A$0.00 per quarter. Based on the YOY, the Book Value Change Per Share is A$0.00 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is A$0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Resonance Health Ltd.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 A$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per ShareA$% of Price per Share
Usd Eps0.00-1.6%0.00-1.6%0.00-2.3%0.00-0.3%0.00-0.2%
Usd Book Value Change Per Share0.00-1.5%0.00-1.5%0.00-2.9%0.002.3%0.001.5%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.00-1.5%0.00-1.5%0.00-2.9%0.002.3%0.001.5%
Usd Price Per Share0.03-0.03-0.04-0.07-0.04-
Price to Earnings Ratio-24.82--24.82--22.62-2.98--19.87-
Price-to-Total Gains Ratio-25.62--25.62--18.16-7.48-4.18-
Price to Book Ratio1.95-1.95-2.42-5.00-4.20-
Price-to-Total Gains Ratio-25.62--25.62--18.16-7.48-4.18-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.045661
Number of shares21900
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.000.00
Usd Total Gains Per Share0.000.00
Gains per Quarter (21900 shares)-23.4235.12
Gains per Year (21900 shares)-93.67140.49
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-94-1040140130
20-187-1980281270
30-281-2920421410
40-375-3860562550
50-468-4800702690
60-562-5740843830
70-656-6680983970
80-749-762011241110
90-843-856012641250
100-937-950014051390

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.01.00.00.0%1.02.00.033.3%2.03.00.040.0%4.06.00.040.0%11.014.06.035.5%
Book Value Change Per Share0.01.00.00.0%1.02.00.033.3%3.02.00.060.0%6.04.00.060.0%17.014.00.054.8%
Dividend per Share0.00.01.00.0%0.00.03.00.0%0.00.05.00.0%0.00.010.00.0%1.00.030.03.2%
Total Gains per Share0.01.00.00.0%1.02.00.033.3%3.02.00.060.0%6.04.00.060.0%17.014.00.054.8%

Fundamentals of Resonance Health Ltd

About Resonance Health Ltd

Resonance Health Limited, a healthcare technology and services company, designs, develops, manufactures, and commercializes software-as-medical devices in the Asia Pacific, North America, Europe, the Middle East, and Africa. The company offers FerriScan, a non-invasive MRI based system for quantifying liver iron concentration (LIC); FerriSmart, an artificial intelligence (AI) assisted device for the automated real-time assessment of LIC; HepaFat-AI, an AI-trained device for the automated real-time multi-metric measurement of liver-fat; CardiacT2, a dual analysis service with FerriScan for assessing heart iron loading; HepaFat-Scan, a non-invasive MRI-based solution for the assessment of liver-fat in liver tissue; and LiverSmart, a non-invasive MRI-based multi-parametric device combining FerriSmart and HepaFat-AI into a consolidated report. It also provides quantitative imaging measurements and CRO services, such as quality-assured image analysis, project and data management, and issue resolution services; biomarkers, genomics, and laboratory analysis services, as well as works with third party pathology laboratories for blood/sample collection and for standard biochemical/lab safety assessments; design and protocol development, and project management and monitoring services; assessment of subject inclusion or exclusion, evaluating the safety profile of a new therapy, and supporting primary and secondary end-points demonstrating drug efficacy services; and phantoms for the MRI machines. The company serves clinicians for the management of human diseases; and pharmaceutical and therapeutic companies for their clinical trials. Resonance Health Limited was incorporated in 1987 and is headquartered in Burswood, Australia.

Fundamental data was last updated by Penke on 2024-03-12 16:16:06.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Resonance Health Ltd.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Resonance Health Ltd earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Resonance Health Ltd to the Health Information Services industry mean.
  • A Net Profit Margin of -17.7% means that $-0.18 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Resonance Health Ltd:

  • The MRQ is -17.7%. The company is making a huge loss. -2
  • The TTM is -17.7%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-17.7%TTM-17.7%0.0%
TTM-17.7%YOY-29.8%+12.1%
TTM-17.7%5Y-3.3%-14.4%
5Y-3.3%10Y-2.0%-1.3%
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-17.7%-18.8%+1.1%
TTM-17.7%-21.3%+3.6%
YOY-29.8%-28.1%-1.7%
5Y-3.3%-32.6%+29.3%
10Y-2.0%-41.1%+39.1%
1.1.2. Return on Assets

Shows how efficient Resonance Health Ltd is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Resonance Health Ltd to the Health Information Services industry mean.
  • -7.1% Return on Assets means that Resonance Health Ltd generated $-0.07 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Resonance Health Ltd:

  • The MRQ is -7.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -7.1%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-7.1%TTM-7.1%0.0%
TTM-7.1%YOY-9.8%+2.7%
TTM-7.1%5Y0.2%-7.3%
5Y0.2%10Y-0.2%+0.3%
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.1%-4.3%-2.8%
TTM-7.1%-5.8%-1.3%
YOY-9.8%-5.2%-4.6%
5Y0.2%-5.8%+6.0%
10Y-0.2%-8.0%+7.8%
1.1.3. Return on Equity

Shows how efficient Resonance Health Ltd is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Resonance Health Ltd to the Health Information Services industry mean.
  • -7.9% Return on Equity means Resonance Health Ltd generated $-0.08 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Resonance Health Ltd:

  • The MRQ is -7.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -7.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-7.9%TTM-7.9%0.0%
TTM-7.9%YOY-10.7%+2.8%
TTM-7.9%5Y0.2%-8.0%
5Y0.2%10Y-0.3%+0.5%
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.9%-4.0%-3.9%
TTM-7.9%-5.9%-2.0%
YOY-10.7%-7.9%-2.8%
5Y0.2%-7.6%+7.8%
10Y-0.3%-9.6%+9.3%

1.2. Operating Efficiency of Resonance Health Ltd.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Resonance Health Ltd is operating .

  • Measures how much profit Resonance Health Ltd makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Resonance Health Ltd to the Health Information Services industry mean.
  • An Operating Margin of -36.2% means the company generated $-0.36  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Resonance Health Ltd:

  • The MRQ is -36.2%. The company is operating very inefficient. -2
  • The TTM is -36.2%. The company is operating very inefficient. -2
Trends
Current periodCompared to+/- 
MRQ-36.2%TTM-36.2%0.0%
TTM-36.2%YOY-46.3%+10.1%
TTM-36.2%5Y-17.1%-19.0%
5Y-17.1%10Y-13.1%-4.1%
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
MRQ-36.2%-17.8%-18.4%
TTM-36.2%-11.4%-24.8%
YOY-46.3%-24.9%-21.4%
5Y-17.1%-18.8%+1.7%
10Y-13.1%-28.4%+15.3%
1.2.2. Operating Ratio

Measures how efficient Resonance Health Ltd is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Health Information Services industry mean).
  • An Operation Ratio of 1.37 means that the operating costs are $1.37 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Resonance Health Ltd:

  • The MRQ is 1.369. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.369. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.369TTM1.3690.000
TTM1.369YOY1.463-0.094
TTM1.3695Y1.173+0.196
5Y1.17310Y1.141+0.032
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
MRQ1.3691.266+0.103
TTM1.3691.376-0.007
YOY1.4631.407+0.056
5Y1.1731.327-0.154
10Y1.1411.332-0.191

1.3. Liquidity of Resonance Health Ltd.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Resonance Health Ltd is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Health Information Services industry mean).
  • A Current Ratio of 8.63 means the company has $8.63 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Resonance Health Ltd:

  • The MRQ is 8.633. The company is very able to pay all its short-term debts. +2
  • The TTM is 8.633. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ8.633TTM8.6330.000
TTM8.633YOY10.342-1.709
TTM8.6335Y11.339-2.706
5Y11.33910Y7.401+3.938
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
MRQ8.6331.660+6.973
TTM8.6331.735+6.898
YOY10.3422.035+8.307
5Y11.3392.603+8.736
10Y7.4012.525+4.876
1.3.2. Quick Ratio

Measures if Resonance Health Ltd is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Resonance Health Ltd to the Health Information Services industry mean.
  • A Quick Ratio of 9.76 means the company can pay off $9.76 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Resonance Health Ltd:

  • The MRQ is 9.759. The company is very able to pay all its short-term debts with the most liquid assets. +2
  • The TTM is 9.759. The company is very able to pay all its short-term debts with the most liquid assets. +2
Trends
Current periodCompared to+/- 
MRQ9.759TTM9.7590.000
TTM9.759YOY11.535-1.777
TTM9.7595Y13.750-3.992
5Y13.75010Y8.580+5.170
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
MRQ9.7591.121+8.638
TTM9.7591.186+8.573
YOY11.5351.695+9.840
5Y13.7501.953+11.797
10Y8.5801.898+6.682

1.4. Solvency of Resonance Health Ltd.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Resonance Health Ltd assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Resonance Health Ltd to Health Information Services industry mean.
  • A Debt to Asset Ratio of 0.10 means that Resonance Health Ltd assets are financed with 9.5% credit (debt) and the remaining percentage (100% - 9.5%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Resonance Health Ltd:

  • The MRQ is 0.095. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.095. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.095TTM0.0950.000
TTM0.095YOY0.085+0.010
TTM0.0955Y0.074+0.022
5Y0.07410Y0.123-0.049
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0950.428-0.333
TTM0.0950.430-0.335
YOY0.0850.397-0.312
5Y0.0740.414-0.340
10Y0.1230.446-0.323
1.4.2. Debt to Equity Ratio

Measures if Resonance Health Ltd is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Resonance Health Ltd to the Health Information Services industry mean.
  • A Debt to Equity ratio of 10.5% means that company has $0.11 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Resonance Health Ltd:

  • The MRQ is 0.105. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.105. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.105TTM0.1050.000
TTM0.105YOY0.093+0.012
TTM0.1055Y0.080+0.026
5Y0.08010Y0.145-0.065
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1050.610-0.505
TTM0.1050.616-0.511
YOY0.0930.651-0.558
5Y0.0800.715-0.635
10Y0.1450.671-0.526

2. Market Valuation of Resonance Health Ltd

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Resonance Health Ltd generates.

  • Above 15 is considered overpriced but always compare Resonance Health Ltd to the Health Information Services industry mean.
  • A PE ratio of -24.82 means the investor is paying $-24.82 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Resonance Health Ltd:

  • The EOD is -41.366. Based on the earnings, the company is expensive. -2
  • The MRQ is -24.820. Based on the earnings, the company is expensive. -2
  • The TTM is -24.820. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-41.366MRQ-24.820-16.546
MRQ-24.820TTM-24.8200.000
TTM-24.820YOY-22.618-2.202
TTM-24.8205Y2.977-27.797
5Y2.97710Y-19.872+22.849
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
EOD-41.366-1.288-40.078
MRQ-24.820-1.437-23.383
TTM-24.820-1.650-23.170
YOY-22.618-3.185-19.433
5Y2.977-6.094+9.071
10Y-19.872-5.971-13.901
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Resonance Health Ltd:

  • The EOD is -51.654. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -30.993. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -30.993. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-51.654MRQ-30.993-20.662
MRQ-30.993TTM-30.9930.000
TTM-30.993YOY-18.229-12.764
TTM-30.9935Y28.272-59.265
5Y28.27210Y66.446-38.174
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
EOD-51.654-1.899-49.755
MRQ-30.993-2.501-28.492
TTM-30.993-3.132-27.861
YOY-18.229-5.389-12.840
5Y28.272-6.141+34.413
10Y66.446-6.517+72.963
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Resonance Health Ltd is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Health Information Services industry mean).
  • A PB ratio of 1.95 means the investor is paying $1.95 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Resonance Health Ltd:

  • The EOD is 3.249. Based on the equity, the company is fair priced.
  • The MRQ is 1.949. Based on the equity, the company is underpriced. +1
  • The TTM is 1.949. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD3.249MRQ1.949+1.300
MRQ1.949TTM1.9490.000
TTM1.949YOY2.415-0.466
TTM1.9495Y4.999-3.049
5Y4.99910Y4.196+0.803
Compared to industry (Health Information Services)
PeriodCompanyIndustry (mean)+/- 
EOD3.2491.495+1.754
MRQ1.9491.692+0.257
TTM1.9491.838+0.111
YOY2.4152.891-0.476
5Y4.9994.349+0.650
10Y4.1964.177+0.019
2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Resonance Health Ltd.

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Resonance Health Ltd compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.002-0.0020%-0.003+88%0.002-167%0.002-199%
Book Value Per Share--0.0220.0220%0.023-7%0.021+1%0.015+43%
Current Ratio--8.6338.6330%10.342-17%11.339-24%7.401+17%
Debt To Asset Ratio--0.0950.0950%0.085+12%0.074+30%0.123-22%
Debt To Equity Ratio--0.1050.1050%0.093+13%0.080+32%0.145-27%
Dividend Per Share----0%-0%-0%-0%
Eps---0.002-0.0020%-0.002+46%0.000-81%0.000-89%
Free Cash Flow Per Share---0.001-0.0010%-0.003+127%0.000-371%0.000-95%
Free Cash Flow To Equity Per Share---0.002-0.0020%-0.003+116%0.002-166%0.001-207%
Gross Profit Margin--2.0482.0480%1.890+8%1.329+54%1.474+39%
Intrinsic Value_10Y_max--0.002--------
Intrinsic Value_10Y_min---0.033--------
Intrinsic Value_1Y_max--0.000--------
Intrinsic Value_1Y_min---0.002--------
Intrinsic Value_3Y_max--0.001--------
Intrinsic Value_3Y_min---0.006--------
Intrinsic Value_5Y_max--0.002--------
Intrinsic Value_5Y_min---0.012--------
Market Cap31282509.440+38%19368283.24219368283.2420%25824377.656-25%45788140.972-58%29463397.468-34%
Net Profit Margin---0.177-0.1770%-0.298+68%-0.033-81%-0.020-89%
Operating Margin---0.362-0.3620%-0.463+28%-0.171-53%-0.131-64%
Operating Ratio--1.3691.3690%1.463-6%1.173+17%1.141+20%
Pb Ratio3.249+40%1.9491.9490%2.415-19%4.999-61%4.196-54%
Pe Ratio-41.366-67%-24.820-24.8200%-22.618-9%2.977-934%-19.872-20%
Price Per Share0.070+40%0.0420.0420%0.056-25%0.102-59%0.066-36%
Price To Free Cash Flow Ratio-51.654-67%-30.993-30.9930%-18.229-41%28.272-210%66.446-147%
Price To Total Gains Ratio-42.703-67%-25.622-25.6220%-18.158-29%7.478-443%4.181-713%
Quick Ratio--9.7599.7590%11.535-15%13.750-29%8.580+14%
Return On Assets---0.071-0.0710%-0.098+38%0.002-4439%-0.002-98%
Return On Equity---0.079-0.0790%-0.107+36%0.002-5311%-0.003-96%
Total Gains Per Share---0.002-0.0020%-0.003+88%0.002-167%0.002-199%
Usd Book Value--6480803.3656480803.3650%6973896.504-7%6295152.915+3%4429133.829+46%
Usd Book Value Change Per Share---0.001-0.0010%-0.002+88%0.002-167%0.001-199%
Usd Book Value Per Share--0.0140.0140%0.015-7%0.014+1%0.010+43%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.001-0.0010%-0.002+46%0.000-81%0.000-89%
Usd Free Cash Flow---407642.491-407642.4910%-924092.536+127%138069.993-395%-22774.533-94%
Usd Free Cash Flow Per Share---0.001-0.0010%-0.002+127%0.000-371%0.000-95%
Usd Free Cash Flow To Equity Per Share---0.001-0.0010%-0.002+116%0.002-166%0.001-207%
Usd Market Cap20405580.908+38%12633931.15912633931.1590%16845241.545-25%29867604.356-58%19218974.169-34%
Usd Price Per Share0.046+40%0.0270.0270%0.037-25%0.066-59%0.043-36%
Usd Profit---509029.480-509029.4800%-744781.137+46%-101905.307-80%-55723.902-89%
Usd Revenue--2872964.0282872964.0280%2496988.745+15%2518397.100+14%2084844.209+38%
Usd Total Gains Per Share---0.001-0.0010%-0.002+88%0.002-167%0.001-199%
 EOD+5 -3MRQTTM+0 -0YOY+23 -115Y+9 -2510Y+13 -21

4.2. Fundamental Score

Let's check the fundamental score of Resonance Health Ltd based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-41.366
Price to Book Ratio (EOD)Between0-13.249
Net Profit Margin (MRQ)Greater than0-0.177
Operating Margin (MRQ)Greater than0-0.362
Quick Ratio (MRQ)Greater than19.759
Current Ratio (MRQ)Greater than18.633
Debt to Asset Ratio (MRQ)Less than10.095
Debt to Equity Ratio (MRQ)Less than10.105
Return on Equity (MRQ)Greater than0.15-0.079
Return on Assets (MRQ)Greater than0.05-0.071
Total4/10 (40.0%)

4.3. Technical Score

Let's check the technical score of Resonance Health Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5059.726
Ma 20Greater thanMa 500.065
Ma 50Greater thanMa 1000.057
Ma 100Greater thanMa 2000.058
OpenGreater thanClose0.066
Total2/5 (40.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2019-06-302020-06-302021-06-302022-06-302023-06-30
Other Stockholders Equity  2101,8362,046182,06462,070-2,340-271



Latest Balance Sheet

Balance Sheet of 2023-06-30. Currency in AUD. All numbers in thousands.

Summary
Total Assets10,983
Total Liabilities1,048
Total Stockholder Equity9,935
 As reported
Total Liabilities 1,048
Total Stockholder Equity+ 9,935
Total Assets = 10,983

Assets

Total Assets10,983
Total Current Assets7,557
Long-term Assets3,426
Total Current Assets
Cash And Cash Equivalents 6,362
Short-term Investments 1,037
Net Receivables 1,144
Total Current Assets  (as reported)7,557
Total Current Assets  (calculated)8,543
+/- 985
Long-term Assets
Property Plant Equipment 630
Long Term Investments 83
Intangible Assets 2,713
Long-term Assets Other 83
Long-term Assets  (as reported)3,426
Long-term Assets  (calculated)3,509
+/- 83

Liabilities & Shareholders' Equity

Total Current Liabilities875
Long-term Liabilities173
Total Stockholder Equity9,935
Total Current Liabilities
Short-term Debt 100
Accounts payable 145
Other Current Liabilities 11
Total Current Liabilities  (as reported)875
Total Current Liabilities  (calculated)257
+/- 618
Long-term Liabilities
Long term Debt Total 173
Capital Lease Obligations Min Short Term Debt173
Long-term Liabilities  (as reported)173
Long-term Liabilities  (calculated)345
+/- 173
Total Stockholder Equity
Common Stock73,883
Retained Earnings -66,042
Accumulated Other Comprehensive Income 2,094
Total Stockholder Equity (as reported)9,935
Total Stockholder Equity (calculated)9,935
+/-0
Other
Capital Stock73,883
Cash And Equivalents1,037
Cash and Short Term Investments 6,362
Common Stock Shares Outstanding 461,150
Current Deferred Revenue618
Liabilities and Stockholders Equity 10,983
Net Debt -6,089
Net Invested Capital 9,935
Net Tangible Assets 9,935
Net Working Capital 6,682
Property Plant and Equipment Gross 630
Short Long Term Debt Total 273



Balance Sheet

Currency in AUD. All numbers in thousands.

 Trend2023-06-302022-06-302021-06-302020-06-302019-06-302018-06-302017-06-302016-06-302015-06-302014-06-302013-06-302012-06-302011-06-302010-06-302009-06-302008-06-302007-06-302006-06-302005-06-302004-06-302003-06-302002-06-302000-06-301999-06-301998-06-301997-06-301996-06-301995-06-301994-06-301993-06-301992-06-301991-06-301990-06-301989-06-30
> Total Assets 
5,121
5,728
5,462
5,284
5,175
5,348
7,363
25,419
28,635
36,898
8,971
23,015
1,069
720
3,132
14,513
939
3,155
2,928
3,689
3,729
3,475
3,354
3,075
4,276
5,192
4,927
4,619
4,686
6,417
10,497
12,439
11,687
10,983
10,98311,68712,43910,4976,4174,6864,6194,9275,1924,2763,0753,3543,4753,7293,6892,9283,15593914,5133,1327201,06923,0158,97136,89828,63525,4197,3635,3485,1755,2845,4625,7285,121
   > Total Current Assets 
0
405
245
119
15
198
190
453
2,888
5,068
5,190
4,579
360
720
1,385
1,836
820
3,081
2,888
3,438
3,024
2,469
1,964
1,506
2,622
3,502
3,042
2,325
2,156
3,779
7,780
9,690
8,348
7,557
7,5578,3489,6907,7803,7792,1562,3253,0423,5022,6221,5061,9642,4693,0243,4382,8883,0818201,8361,3857203604,5795,1905,0682,888453190198151192454050
       Cash And Cash Equivalents 
0
86
0
1
0
198
40
344
2,781
4,158
3,253
1,530
0
717
1,273
1,509
617
2,419
2,382
2,645
2,134
1,503
1,180
1,093
2,098
2,797
2,512
1,685
1,549
3,081
6,974
8,857
6,783
6,362
6,3626,7838,8576,9743,0811,5491,6852,5122,7972,0981,0931,1801,5032,1342,6452,3822,4196171,5091,27371701,5303,2534,1582,78134440198010860
       Short-term Investments 
0
0
0
0
0
0
0
0
1,000
0
0
450
0
0
0
14
4
3
2
3
3
0
0
0
0
0
0
0
0
0
0
6,089
1,023
1,037
1,0371,0236,08900000000003323414000450001,00000000000
       Net Receivables 
0
319
245
118
15
0
0
10
107
488
1,334
1,186
355
3
100
228
134
559
408
712
790
878
757
389
499
662
485
577
574
662
766
790
1,505
1,144
1,1441,50579076666257457748566249938975787879071240855913422810033551,1861,3344881071000151182453190
       Other Current Assets 
0
0
0
0
0
0
150
99
-1,000
0
0
1,826
5
0
12
84
65
100
97
78
97
88
27
25
25
42
44
62
34
36
40
43
60
52
52604340363462444225252788977897100658412051,82600-1,00099150000000
   > Long-term Assets 
5,121
5,323
5,217
5,165
5,160
5,150
7,173
24,966
25,747
31,830
3,781
18,436
710
0
1,747
12,677
119
74
40
251
705
1,006
1,390
1,569
1,655
1,691
1,885
2,294
2,530
2,637
2,717
2,749
3,339
3,426
3,4263,3392,7492,7172,6372,5302,2941,8851,6911,6551,5691,3901,006705251407411912,6771,747071018,4363,78131,83025,74724,9667,1735,1505,1605,1655,2175,3235,121
       Property Plant Equipment 
60
47
25
8
4
8
8
55
202
1,995
2,677
3,317
0
0
79
157
119
74
40
251
705
1,003
1,329
1,507
1,593
27
75
73
61
41
139
108
391
630
63039110813941617375271,5931,5071,3291,003705251407411915779003,3172,6771,995202558848254760
       Goodwill 
0
0
0
0
0
0
0
0
0
0
416
395
0
0
1,668
12,520
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000012,5201,668003954160000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
0
46
46
46
83
83
838346464600003000000000000000000000000
       Intangible Assets 
5,005
5,111
5,100
5,116
5,127
5,138
5,135
11,753
11,659
15,162
688
728
0
0
1,668
12,520
0
0
0
0
0
0
0
0
0
1,601
1,746
2,130
2,423
2,551
2,532
2,595
2,865
2,713
2,7132,8652,5952,5322,5512,4232,1301,7461,60100000000012,5201,6680072868815,16211,65911,7535,1355,1385,1275,1165,1005,1115,005
       Long-term Assets Other 
56
165
92
41
29
4
2,030
13,158
13,886
14,673
15,157
12,931
710
0
0
0
0
0
0
0
0
0
0
0
0
62
64
91
46
46
46
46
83
83
83834646464691646200000000000071012,93115,15714,67313,88613,1582,030429419216556
> Total Liabilities 
193
21
14
22
78
171
2,338
13,558
14,712
16,321
1,591
13,406
8,210
29
263
406
428
433
253
387
520
580
788
834
938
787
893
884
552
523
591
612
996
1,048
1,048996612591523552884893787938834788580520387253433428406263298,21013,4061,59116,32114,71213,5582,33817178221421193
   > Total Current Liabilities 
193
21
14
22
41
171
337
380
799
1,615
1,551
2,191
8,210
29
263
406
428
433
253
387
520
580
720
754
898
787
893
884
552
523
531
612
807
875
875807612531523552884893787898754720580520387253433428406263298,2102,1911,5511,61579938033717141221421193
       Short-term Debt 
0
0
0
0
0
0
0
0
1,000
0
0
450
0
0
0
14
16
3
2
3
3
0
0
0
0
0
0
0
0
0
56
60
80
100
10080605600000000033231614000450001,00000000000
       Accounts payable 
0
0
0
0
0
0
0
0
0
0
0
2,056
4,711
29
96
88
50
115
94
70
127
80
102
256
137
85
120
204
52
91
54
118
241
145
14524111854915220412085137256102801277094115508896294,7112,05600000000000
       Other Current Liabilities 
141
4
9
4
5
133
4
16
-977
75
161
-315
5,327
0
167
318
362
318
160
291
367
348
288
183
517
288
348
353
408
377
407
401
464
11
1146440140737740835334828851718328834836729116031836231816705,327-31516175-9771641335494141
   > Long-term Liabilities 
0
0
0
0
37
0
2,001
13,178
13,913
14,706
40
11,215
0
0
0
0
0
0
0
0
0
0
68
80
40
0
0
0
0
146
60
211
188
173
173188211601460000408068000000000011,2154014,70613,91313,1782,0010370000
       Long term Debt Total 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
60
0
188
173
173188060000000000000000000000000000000
       Other Liabilities 
0
0
0
0
0
0
0
0
0
0
0
11,146
0
0
0
0
0
0
0
0
0
0
68
80
40
0
0
0
0
0
0
0
0
0
000000000408068000000000011,14600000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,563
1,601
1,746
2,130
2,423
2,551
2,532
2,595
2,865
2,713
2,7132,8652,5952,5322,5512,4232,1301,7461,6011,563000000000000000000000000
> Total Stockholder Equity
4,928
5,707
5,448
5,262
5,097
5,177
5,025
11,861
13,923
18,444
5,377
7,819
-7,140
691
3,069
14,107
510
2,721
2,675
3,302
3,209
2,896
2,566
2,241
3,339
4,405
4,034
3,735
4,134
5,894
9,906
11,827
10,691
9,935
9,93510,69111,8279,9065,8944,1343,7354,0344,4053,3392,2412,5662,8963,2093,3022,6752,72151014,1073,069691-7,1407,8195,37718,44413,92311,8615,0255,1775,0975,2625,4485,7074,928
   Common Stock
5,100
5,600
5,601
5,601
5,694
6,179
6,179
13,845
14,627
18,546
33,144
42,629
44,129
45,858
49,448
62,392
64,590
67,504
67,504
67,514
67,524
67,534
67,534
67,534
68,704
69,406
69,419
69,424
69,424
69,674
72,565
73,883
73,883
73,883
73,88373,88373,88372,56569,67469,42469,42469,41969,40668,70467,53467,53467,53467,52467,51467,50467,50464,59062,39249,44845,85844,12942,62933,14418,54614,62713,8456,1796,1795,6945,6015,6015,6005,100
   Retained Earnings -66,042-65,261-64,120-64,705-63,990-65,261-65,485-65,181-64,797-65,260-65,187-64,983-64,714-64,398-64,295-64,912-64,871-64,146-48,336-46,430-45,167-51,269-34,980-27,729-9,111-5,222-2,684-1,854-1,702-1,297-1,039-853-593-372
   Capital Surplus 0000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000
   Other Stockholders Equity 
200
700
700
700
780
781
783
1,205
5,058
9,670
853
968
0
0
0
0
0
0
0
0
0
0
0
0
-105
-204
-204
-204
-29
210
2,046
2,064
2,070
-271
-2712,0702,0642,046210-29-204-204-204-1050000000000009688539,6705,0581,205783781780700700700200



Balance Sheet

Currency in AUD. All numbers in thousands.




Cash Flow

Currency in AUD. All numbers in thousands.




Income Statement

Currency in AUD. All numbers in thousands.


Latest Income Statement (annual, 2023-06-30)

Gross Profit (+$)
totalRevenue4,404
Cost of Revenue-0
Gross Profit4,4044,404
 
Operating Income (+$)
Gross Profit4,404
Operating Expense-6,029
Operating Income-1,593-1,625
 
Operating Expense (+$)
Research Development708
Selling General Administrative3,136
Selling And Marketing Expenses818
Operating Expense6,0294,662
 
Net Interest Income (+$)
Interest Income285
Interest Expense-0
Other Finance Cost-245
Net Interest Income40
 
Pretax Income (+$)
Operating Income-1,593
Net Interest Income40
Other Non-Operating Income Expenses0
Income Before Tax (EBT)-1,264-1,914
EBIT - interestExpense = -1,593
-1,264
-780
Interest Expense0
Earnings Before Interest and Taxes (EBIT)-1,593-1,264
Earnings Before Interest and Taxes (EBITDA)-1,157
 
After tax Income (+$)
Income Before Tax-1,264
Tax Provision--484
Net Income From Continuing Ops-780-780
Net Income-780
Net Income Applicable To Common Shares-780
 
Non-recurring Events
Discontinued Operations0
Extraordinary Items0
Effect of Accounting Charges0
Other Items0
Non Recurring0
Other Operating Expenses6,029
Total Other Income/Expenses Net321-40
 

Technical Analysis of Resonance Health Ltd
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Resonance Health Ltd. The general trend of Resonance Health Ltd is BULLISH with 57.1% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Resonance Health Ltd's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (57.1%) Bearish trend (-57.1%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Resonance Health Ltd.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.073 < 0.073 < 0.08.

The bearish price targets are: 0.063 > 0.063 > 0.062.

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Resonance Health Ltd Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Resonance Health Ltd. The current mas is .

The long score for the Moving Averages is 11/14.
The longshort score for the Moving Averages is 8/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Resonance Health Ltd Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Resonance Health Ltd. The current macd is 0.00288819.

The long score for the Moving Average Convergence/Divergence (MACD) is 2/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 0/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Resonance Health Ltd price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Resonance Health Ltd. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Resonance Health Ltd price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Resonance Health Ltd Daily Moving Average Convergence/Divergence (MACD) ChartResonance Health Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Resonance Health Ltd. The current adx is 32.15.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Resonance Health Ltd shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Resonance Health Ltd Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Resonance Health Ltd. The current sar is 0.064536.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Resonance Health Ltd Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Resonance Health Ltd. The current rsi is 59.73. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 4/13.
The longshort score for the Relative Strength Index (RSI) is 4/(-13 +13).

  • Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
  • Trending up: The RSI is trending up. +1
Resonance Health Ltd Daily Relative Strength Index (RSI) ChartResonance Health Ltd Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Resonance Health Ltd. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Resonance Health Ltd price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Resonance Health Ltd Daily Stochastic Oscillator ChartResonance Health Ltd Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Resonance Health Ltd. The current cci is 73.51.

Resonance Health Ltd Daily Commodity Channel Index (CCI) ChartResonance Health Ltd Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Resonance Health Ltd. The current cmo is 20.84.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Resonance Health Ltd Daily Chande Momentum Oscillator (CMO) ChartResonance Health Ltd Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Resonance Health Ltd. The current willr is -17.64705882.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Resonance Health Ltd Daily Williams %R ChartResonance Health Ltd Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Resonance Health Ltd.

Resonance Health Ltd Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Resonance Health Ltd. The current atr is 0.00341885.

Resonance Health Ltd Daily Average True Range (ATR) ChartResonance Health Ltd Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Resonance Health Ltd. The current obv is -1,677,763.

Resonance Health Ltd Daily On-Balance Volume (OBV) ChartResonance Health Ltd Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Resonance Health Ltd. The current mfi is 75.93.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

  • MFI > 50: +1
Resonance Health Ltd Daily Money Flow Index (MFI) ChartResonance Health Ltd Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Resonance Health Ltd.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-07STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-13BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-11-16DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2023-11-17MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
RSI LONG ENTRY SHORT CLOSE30 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-11-20CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2023-11-21STOCH LONG EXITThe %K line crosses below the %D line.
2023-11-27MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-04CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-05MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2023-12-06STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-07CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-11STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-12-13STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-18DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-12-19DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-20MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-21MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2023-12-27MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-12-29DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-02CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-03STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-05DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-01-08CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-12DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-16DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-22ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-01-25RSI LONG ENTRY SHORT CLOSE30 crossover to upside
2024-01-30DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-31MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-02-01STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-02STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-07WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-15MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-19STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-22WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-29SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
2024-03-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-04STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-06CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-08STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-13ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-14RSI SHORT ENTRY LONG CLOSE70 crossover to downside
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-18RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-20CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-22STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-28STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).

6.3. Candlestick Patterns

Resonance Health Ltd Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Resonance Health Ltd based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5059.726
Ma 20Greater thanMa 500.065
Ma 50Greater thanMa 1000.057
Ma 100Greater thanMa 2000.058
OpenGreater thanClose0.066
Total2/5 (40.0%)
Penke

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