[BEARISH]: NIB currently has a confirmed downtrend. Price is currently below the displaced moving average for NHF Currently, the return on DPO20 is 1.2%.
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: NIB (NHF.AX)
Stock Exchange: ASX
Ticker Codes: | NHF.AX | ASX:NHF |
nib holdings limited provides health insurance services to residents, and international students and visitors in Australia, New Zealand, and internationally. It operates through five segments: Australian Residents Health Insurance, New Zealand Residents Health Insurance, International (Inbound) Health Insurance, World Nomads Group, and nib Options. The company offers health insurance products, including single, couples, and family health insurance; life insurance; and travel insurance, as well as funeral and income protection insurance services. It also facilitates access to cosmetic and dental treatment. nib holdings limited was founded in 1952 and is headquartered in Newcastle, Australia.
Detrended Price OscillatorDownload
|BOC Bougainville Copper||0.17||6.3||61,005||-0.01||BEARISH|
|CNI Centuria Capital||1.39||6.1||207,220||0||BEARISH|
|PNR Pacific Niugini Minerals||0.2||5.3||494,855||-0.06||BEARISH|
|RCR RCR Tomlinson||1.13||5.1||1,860,447||-1.16||BEARISH|
|CCV Cash Converters International||0.33||4.8||1,818,562||-0.01||BEARISH|