DETREND PRICE OSCILLARTOR
Trading: BUY @ $15.97
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.
Amcor (ASX:AMC) currently has a confirmed uptrend. Price is currently above the displaced moving average for AMC Currently, the return on DPO20 is 2.8%.
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: Amcor (AMC.AX)
Stock Exchange: ASX
Ticker Codes: | AMC.AX | ASX:AMC |
Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments segments. The company manufactures rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications. It also manufactures flexible and film packaging for the food and beverage industry, including confectionery, coffee, fresh food and dairy, and pet food packaging; and medical and pharmaceutical, fresh produce, and snack food segments. In addition, the company offers flexible packaging for specialty folding cartons for tobacco packaging and other industries; and packaging solutions for home and personal care products. Amcor Limited was incorporated in 1926 and is headquartered in Southbank, Australia.
Detrended Price OscillatorDownload
|CKF Collins Foods||7.62||5.2||433,211||0.44||BULLISH|
|PME Pro Medicus||18.71||4.8||285,946||1.04||BULLISH|
|SNL Supply Network||3.76||4.2||4,596||0.31||BULLISH|
|HFR Highfield Resources||0.78||4||75,707||0.12||BULLISH|
|HUO Huon Aquaculture||4.76||3.5||6,812||0.24||BULLISH|
|BKL Blackmores Laboratories||93.6||3.3||129,907||0.84||BULLISH|