[BEARISH]: Shine Corporate currently has a confirmed downtrend. Price is currently below the displaced moving average for SHJ Currently, the return on DPO20 is 0.0%.
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;
Detrended Price OscillatorDownload
|Company||Close||Close Change (%)||Volume||Value||Signal|
|HFR Highfield Resources||0.73||7.4||119,773||-0.02||BEARISH|
|LYC Lynas Corporation||2.14||5.9||7,710,532||-0.24||BEARISH|
|AXP Airxpanders Inc||0.09||5.9||272,387||-0.02||BEARISH|
|IRI Integrated Research||2.65||5.2||387,323||-0.48||BEARISH|
|AKP Audio Pixels Holdings||16.79||3.6||4,780||-0.93||BEARISH|
|EWC Energy World Corporation||0.17||3.1||474,485||-0.01||BEARISH|
|MDC Mcconnell Dowell Corporation||0.51||3||63,027||0||BEARISH|
|RMS Ramelius Resources||0.54||2.9||1,963,402||-0.04||BEARISH|