|Position||Trades||Duration||Win rate||Win/loss||Avg win||Avg loss||Return|
|Position||Trades||Duration||Win Rate||Win/Loss||Avg Win||Avg Loss||Return|
Beach Petroleum (BPT.AX)
DETREND PRICE OSCILLATOR
Trading: SELL @ $2.35
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.
Beach Petroleum (ASX:BPT) currently has a confirmed downtrend. Price is currently below the displaced moving average for BPT Currently, the return on DPO20 is -0.8%.
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: Beach Petroleum (BPT.AX)
Stock Exchange: ASX
Company: Beach Petroleum
Ticker Codes: | BPT.AX | ASX:BPT |
Beach Energy Limited explores, develops, produces, and sells oil, gas, and gas liquids. It holds interests in exploration and production tenements in Australia, New Zealand, and Tanzania. The company was formerly known as Beach Petroleum Limited and changed its name to Beach Energy Limited in December 2009. Beach Energy Limited was founded in 1961 and is based in Glenside, Australia.
|BOC Bougainville Copper||0.12||20||116,647||0||BULLISH|
|GNG GR Engineering Services||0.82||7.2||8,204||0.1||BULLISH|
|TBR Tribune Resources||8.48||5.7||39,305||0.92||BULLISH|
|CDV Cardinal Resources||0.4||5.3||352,093||0.11||BULLISH|
|FBR Fastbrick Robotics||0.06||5||1,145,523||0||BULLISH|
|BSA Broadcast Services Australia||0.43||4.9||182,669||0.05||BULLISH|
|VRL Village Roadshow||3.1||4.7||145,297||0.22||BULLISH|
|BBN Baby Bunting||3.48||3.3||830,020||0.29||BULLISH|
|RMS Ramelius Resources||1.28||3.2||4,064,876||0.1||BULLISH|
|AQG Alacer Gold Corp||5.97||2.9||94,348||0.07||BULLISH|