[BULLISH]: Danakali currently has a confirmed uptrend. Price is currently above the displaced moving average for DNK Currently, the return on DPO20 is -4.8%.
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;
Detrended Price OscillatorDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|BFC Beston Global Food||0.2||5.4||194,111||0.02||BULLISH|
|MGC Mg Unit Trust||0.33||4.8||615,817||0.08||BULLISH|
|PLS Pilbara Minerals||1.03||4.6||4,571,651||0.14||BULLISH|
|GDF Garda Diversified Property Fund||1.3||4||137,261||0.11||BULLISH|
|AQG Alacer Gold Corp||2.7||3.8||432,156||0.18||BULLISH|
|TWE Treasury Wine Estates||18.62||3.6||1,613,130||0.99||BULLISH|
|CGL The Citadel||7.09||3.5||48,790||0.55||BULLISH|
|INM Iron Mountain||47.86||3||95,565||1.62||BULLISH|