Supply Network (SNL.AX)
DETREND PRICE OSCILLATOR
Trading: SELL @ $4.65
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.
Supply Network (ASX:SNL) currently has a confirmed downtrend. Price is currently below the displaced moving average for SNL Currently, the return on DPO20 is -2.1%.
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: Supply Network (SNL.AX)
Stock Exchange: ASX
Company: Supply Network
Ticker Codes: | SNL.AX | ASX:SNL |
Supply Network Limited engages in the provision of after market parts to the commercial vehicle industry in Australia and New Zealand. It sells truck and bus parts under the Multispares brand name, as well as offers a range of services comprising parts interpreting, procurement, supply management, and problem solving. The company is based in Pemulwuy, Australia.
Detrended Price OscillatorDownload
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