Shine Corporate (SHJ.AX)
DETREND PRICE OSCILLATOR
Trading: SELL @ $0.73
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.
Shine Corporate (ASX:SHJ) currently has a confirmed downtrend. Price is currently below the displaced moving average for SHJ Currently, the return on DPO20 is 4.3%.
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: Shine Corporate (SHJ.AX)
Stock Exchange: ASX
Company: Shine Corporate
Ticker Codes: | SHJ.AX | ASX:SHJ |
Shine Corporate Limited provides damages based plaintiff litigation legal services in Australia; and insurance recovery consulting services in New Zealand. It operates through two segments, Personal Injury and Emerging Practice Areas. The company offers legal services related to personal injuries practice area, including medical negligence, public liability, catastrophic injuries, workers' compensation, and motor vehicle accidents; and other practice areas, such as disability insurance and superannuation claims, professional negligence, social justice, class actions, first party insurance recovery claims, landowners' rights, aviation, product liability, family law, and asbestos compensation. Shine Corporate Limited was founded in 1976 and is based in Brisbane, Australia.
Detrended Price OscillatorDownload
|BOC Bougainville Copper||0.19||15.2||2,000||0||BULLISH|
|FRI Finbar International||0.82||9.3||29,707||0.01||BULLISH|
|VAH Virgin Australia Holdings||0.2||8.3||322,385||0.06||BULLISH|
|URF Us Masters Residential Property Fund||1.35||7.6||27,611||0.01||BULLISH|
|YAL Yancoal Australia||3.58||6.2||15,958||0.23||BULLISH|
|AJX Alexium International||0.12||4.5||408,959||0.02||BULLISH|
|SSM Service Stream||1.7||4.3||359,590||2.14||BULLISH|