Alkane Exploration (ALK.AX)
DETREND PRICE OSCILLATOR
Trading: SELL @ $0.235
Signal Strength: STRONG
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.
Alkane Exploration (ASX:ALK) currently has a confirmed downtrend. Price is currently below the displaced moving average for ALK Currently, the return on DPO20 is -2.1%.
The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.
Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;
PROFILE: Alkane Exploration (ALK.AX)
Stock Exchange: ASX
Company: Alkane Exploration
Ticker Codes: | ALK.AX | ASX:ALK |
Alkane Resources Limited operates as a multi-commodity mining and exploration company in the Central West of New South Wales in eastern Australia. It explores for gold, copper, zirconium, hafnium, niobium, tantalum, yttrium, and rare earth elements. The company owns interest in the Tomingley Gold project and the Dubbo Zirconia project located in New South Wales. Its exploration projects comprise the Bodangora, Kaiser, Finns Crossing, Cudal, Peak Hill, Wellington, Elsienora, Rockley, and Orange East projects. Alkane Resources Limited is headquartered in Burswood, Australia.
Detrended Price OscillatorDownload
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