Oz Minerals

Candlestick Daily volume index Bar reversal Edit

Backtest results

Position Trades Duration Win rate Win/loss Avg win Avg loss Return
Long 10 4.5 20% 25% 1.6% -0.8% -3.4%
Short 5 4.2 40% 67% 1.9% -3.2% -5.9%

What indicators would you like to backtest?

Trading Performance

Detrended Price Oscillator

Score

-2.35

Position Trades Duration Win Rate Win/Loss Avg Win Avg Loss Return
LONG 22 17.6 0.27% 0.38% 4.4% -3.2% -25.6%
SHORT 22 14.1 0.23% 0.29% 1.9% -3.1% -43.1%

Summary

Technical Analysis

Oz Minerals (OZL.AX)


Indicator:

DETREND PRICE OSCILLARTOR


Last Signal:

BULLISH


Trading: BUY @ $10.05
Signal Strength: STRONG
Recommendation:

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.


Oz Minerals (ASX:OZL) currently has a confirmed uptrend. Price is currently above the displaced moving average for OZL Currently, the return on DPO20 is 1.1%.



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: Oz Minerals (OZL.AX)


Stock Exchange: ASX
Company: Oz Minerals
Ticker Codes: | OZL.AX | ASX:OZL |

About Oz Minerals (ASX:OZL):

OZ Minerals Limited engages in the exploration, development, mining, and processing of mining projects in Australia. The company primarily explores for copper, gold, silver, nickel, iron oxide, zinc, and lead deposits. It owns and operates the Prominent Hill mine located in northern South Australia; and the Carrapateena project located in South Australia. The company also holds an agreement to acquire interest in the West Musgrave copper-nickel project located in the Musgrave Province, Western Australia. In addition, it holds earn in agreements for the exploration of Eloise, Mount Woods, Coompana, Punt Hill, Oaxaca, and Alvito properties. The company is based in Adelaide, Australia.

Top 10:

Detrended Price Oscillator

Download
Company Close Change(%) Volume Value Signal
PRU Perseus Mining 0.61 21 11,469,507 0.14 BULLISH
NST Northern Star Resources 11.69 9.3 7,110,929 2.33 BULLISH
WGX Westgold Resources 1.78 8.9 1,219,326 0.23 BULLISH
APD Apn Property 0.51 8.6 192,400 0.06 BULLISH
AGG Anglogold Ashanti 4.87 8 18,113 1.42 BULLISH
EVN Evolution Mining 4.39 7.1 18,630,358 0.76 BULLISH
RND Rand Mining 3 7.1 250 0.43 BULLISH
SLR Silver Lake Resources 1.13 6.6 8,288,727 0.33 BULLISH
RRL Regis Resources 4.93 5.8 5,277,394 0.4 BULLISH
OGC Oceanagold Corporation 4.56 5.6 704,484 0.5 BULLISH