Fletcher Building

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

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Trading Performance

Detrended Price Oscillator

Score

-0.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 17 20.2 0.18% 0.21% 4.6% -2.6% -22.3%
SHORT 17 23.8 0.24% 0.31% 12.3% -2.0% 22.7%

Summary

Technical Analysis

Fletcher Building (FBU.AX)


Indicator:

DETREND PRICE OSCILLARTOR


Last Signal:

BULLISH


Trading: BUY @ $4.92
Signal Strength: STRONG
Recommendation:

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.


Fletcher Building (ASX:FBU) currently has a confirmed uptrend. Price is currently above the displaced moving average for FBU Currently, the return on DPO20 is 1.7%.



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: Fletcher Building (FBU.AX)


Stock Exchange: ASX
Company: Fletcher Building
Ticker Codes: | FBU.AX | ASX:FBU |

About Fletcher Building (ASX:FBU):

Fletcher Building Limited, together with its subsidiaries, manufactures and distributes building and construction products in New Zealand, Australia, and internationally. Its Building Products segment manufactures, distributes, and markets building products, such as concrete pipes and products, cement and aggregates, plastic pipes, and building materials for commercial and residential markets. The company's International segment provides laminate and surface products for commercial and residential spaces; decorative wood panels and laminates, particle boards, medium density fiber boards, and other decorative products; and pressed metal roof tiles. Its Distribution segment distributes building, plumbing, pipeline, and steel products. The company's Residential and Land Development segment develops land holdings for residential and commercial use, as well as operates as a residential home builder. Its Construction segment builds and maintains commercial buildings and infrastructure projects. Fletcher Building Limited was founded in 1909 and is headquartered in Auckland, New Zealand.

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Detrended Price Oscillator

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