Prime Television (PRT.AX)
DETREND PRICE OSCILLARTOR
Trading: BUY @ $0.26
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.
Prime Television (ASX:PRT) currently has a confirmed uptrend. Price is currently above the displaced moving average for PRT Currently, the return on DPO20 is 4.0%.
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: Prime Television (PRT.AX)
Stock Exchange: ASX
Company: Prime Television
Ticker Codes: | PRT.AX | ASX:PRT |
Prime Media Group Limited provides commercial television broadcasting services in Australia. The company offers free-to-air television broadcasting services under the PRIME7 and GWN7 brands in the regional New South Wales, the Australian Capital Territory, regional Victoria, the Gold Coast area of Southern Queensland, and regional Western Australia. Prime Media Group Limited is based in Watson, Australia.
Detrended Price OscillatorDownload
|CTD Corporate Travel Management||28.81||14.7||1,727,133||1.73||BULLISH|
|BFC Beston Global Food||0.16||6.9||222,535||0.02||BULLISH|
|GOR Gold Road Resources||0.85||6.3||2,511,753||0.02||BULLISH|
|OSP Osprey Medical||0.11||4.8||5,000||0.83||BULLISH|
|SAR Saracen Mineral||3.05||4.8||5,818,759||0.55||BULLISH|
|DDR Dicker Data||3.2||4.2||342,810||0.1||BULLISH|
|DCN Dacian Gold||2.78||4.1||428,895||0.07||BULLISH|
|CAJ Capitol Health||0.26||4||395,180||0.07||BULLISH|