[BEARISH]: Oz Minerals currently has a confirmed downtrend. Price is currently below the displaced moving average for OZL Currently, the return on DPO20 is 3.2%.
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: Oz Minerals (OZL.AX)
Stock Exchange: ASX
Company: Oz Minerals
Ticker Codes: | OZL.AX | 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.
Detrended Price OscillatorDownload
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