Virtus Health (VRT.AX)
DETREND PRICE OSCILLATOR
Trading: SELL @ $4.47
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.
Virtus Health (ASX:VRT) currently has a confirmed downtrend. Price is currently below the displaced moving average for VRT Currently, the return on DPO20 is 3.5%.
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: Virtus Health (VRT.AX)
Stock Exchange: ASX
Company: Virtus Health
Ticker Codes: | VRT.AX | ASX:VRT |
Virtus Health Limited provides healthcare services in Australia, Ireland, Singapore, and Denmark. It offers fertility care and related specialized diagnostic services, as well as manages six specialist day hospitals. The company provides in-vitro fertilization (IVF) services, including ovulation induction, intrauterine insemination, introcytoplasmic injection, GIFT, blastocyst culture, frozen embryo transfer, egg and semen freezing and storage, testicular biopsy, and support and counseling services, as well as donor egg, embryo, and sperm services; endocrinology, andrology, preimplantation genetic, and cytogenetic diagnostic services; gynecological and obstetric ultrasound scanning and procedures; and day hospital procedures, which include IVF, endoscopy, gynecology, urology, dental, ophthalmic, cosmetic surgery, and plastic surgery. As of August 22, 2017, it operated through a network of 122 fertility specialists. The company was founded in 2008 and is headquartered in Greenwich, Australia.
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