Mortgage Choice (MOC.AX)
DETREND PRICE OSCILLATOR
Trading: SELL @ $1.265
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.
Mortgage Choice (ASX:MOC) currently has a confirmed downtrend. Price is currently below the displaced moving average for MOC Currently, the return on DPO20 is -1.9%.
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: Mortgage Choice (MOC.AX)
Stock Exchange: ASX
Company: Mortgage Choice
Ticker Codes: | MOC.AX | ASX:MOC |
Mortgage Choice Limited provides mortgage broking services in Australia. It operates through three segments: Mortgage Choice Franchised Mortgage Broking, Mortgage Choice Financial Planning, and Help Me Choose Health Fund and Mortgage Comparison Website. The company offers assistance in determining the borrowing capacities of borrowers; assessment of a range of home loans and other products; and submission of loan applications on behalf of borrowers. It also provides car loans, credit cards, and financial planning and business lending services. In addition, the company offers life, home building and contents, mortgage and income protection, car, landlord, and lenders mortgage insurance products. Mortgage Choice Limited was founded in 1992 and is headquartered in North Sydney, Australia.
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