Japara Healthcare (JHC.AX)
DETREND PRICE OSCILLATOR
Trading: SELL @ $1.15
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.
Japara Healthcare (ASX:JHC) currently has a confirmed downtrend. Price is currently below the displaced moving average for JHC Currently, the return on DPO20 is -5.3%.
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: Japara Healthcare (JHC.AX)
Stock Exchange: ASX
Company: Japara Healthcare
Ticker Codes: | JHC.AX | ASX:JHC |
Japara Healthcare Limited, together with its subsidiaries, owns, develops, and operates residential aged care facilities in Australia. It operates approximately 4,900 resident places across 43 facilities located in Victoria, New South Wales, Queensland, South Australia, and Tasmania; and 180 independent living units across five retirement villages. The company was founded in 2005 and is based in Southbank, Australia.
Detrended Price OscillatorDownload
|MTO Moto Goldmines||1.85||8.8||155,254||-0.12||BEARISH|
|IRI Integrated Research||2.49||8.3||567,896||-0.23||BEARISH|
|AXP Airxpanders Inc||0.03||6.7||158,933||-0.02||BEARISH|
|AJM Altura Mining||0.17||6.5||2,423,817||-0.04||BEARISH|
|SFR Sandfire Resources||7.06||6||1,338,899||-1.84||BEARISH|
|CCP Credit Corp||21.16||5.3||229,040||-2.93||BEARISH|
|KDR Kidman Resources||1.23||5.2||2,238,007||-0.4||BEARISH|