[BEARISH]: Imdex currently has a confirmed downtrend. Price is currently below the displaced moving average for IMD Currently, the return on DPO20 is 0.9%.
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: Imdex (IMD.AX)
Stock Exchange: ASX
Ticker Codes: | IMD.AX | ASX:IMD |
Imdex Limited engages in the minerals business worldwide. The company engages in the manufacture, sale, and rental of down hole instrumentation, drilling fluids and chemicals, solids removal technologies, and related equipment, as well as the provision of cloud-based data management solutions to the mining and mineral exploration industry. It also provides data solutions and geo-analytics services under the AMC and REFLEX brands to exploration, development, and production companies in the minerals sectors. The company was formerly known as Pilbara Gold NL and changed its name to Imdex Limited in July 1985. Imdex Limited was incorporated in 1980 and is headquartered in Balcatta, Australia.
Detrended Price OscillatorDownload
|EMH European Metals Holdings||0.4||12.9||50,755||-0.01||BEARISH|
|SLR Silver Lake Resources||0.57||9.6||4,014,673||-0.14||BEARISH|
|KDR Kidman Resources||1.17||8.3||6,199,530||-0.1||BEARISH|
|RMS Ramelius Resources||0.5||7.5||3,500,339||-0.3||BEARISH|
|BOC Bougainville Copper||0.17||6.3||61,005||-0.03||BEARISH|
|CNI Centuria Capital||1.39||6.1||207,220||-0.6||BEARISH|
|RND Rand Mining||4.03||6.1||33,780||-0.49||BEARISH|