G8 Education (GEM.AX)
DETREND PRICE OSCILLATOR
Trading: SELL @ $2.92
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.
G8 Education (ASX:GEM) currently has a confirmed downtrend. Price is currently below the displaced moving average for GEM Currently, the return on DPO20 is -4.6%.
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: G8 Education (GEM.AX)
Stock Exchange: ASX
Company: G8 Education
Ticker Codes: | GEM.AX | ASX:GEM |
G8 Education Limited owns, operates, franchises, and manages child care centers. The company provides developmental and educational child care services. As of December 31, 2017 it operated 495 centers in Australia; and 21 centers in Singapore. The company is headquartered in Varsity Lakes, Australia.
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