Whitehaven Coal (WHC.AX)
DETREND PRICE OSCILLATOR
Trading: SELL @ $4.34
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.
Whitehaven Coal (ASX:WHC) currently has a confirmed downtrend. Price is currently below the displaced moving average for WHC Currently, the return on DPO20 is -0.5%.
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: Whitehaven Coal (WHC.AX)
Stock Exchange: ASX
Company: Whitehaven Coal
Ticker Codes: | WHC.AX | ASX:WHC |
Whitehaven Coal Limited develops and operates coal mines in New South Wales. The company operates through Open Cut Operations and Underground Operations segments. It operates five mines in North West New South Wales; four open cut mines at Maules Creek, Werris Creek, Tarrawonga, and Rocglen; and one underground mine at Narrabri. The company offers thermal coal and metallurgical coal used in the production of steel. As of August 17, 2017, it had approximately 974 million tons of recoverable coal reserves; and 862 million tons of marketable coal reserves. The company sells its coal primarily in Japan, Taiwan, India, Korea, China, Chile, Malaysia, Vietnam, Noumea, Indonesia, Australia, and Mexico. Whitehaven Coal Limited was founded in 1999 and is headquartered in Sydney, Australia.
Detrended Price OscillatorDownload
|MPP Metro Performance Glass||0.5||11.1||6,500||-0.22||BEARISH|
|TNG Tennant Creek Gold||0.1||10||1,609,390||-0.01||BEARISH|
|FRI Finbar International||0.82||9.3||29,707||-0.02||BEARISH|
|VAH Virgin Australia Holdings||0.2||8.3||322,385||-0.01||BEARISH|
|URF Us Masters Residential Property Fund||1.35||7.6||27,611||-0.09||BEARISH|
|EPW ERM Power||1.65||5.1||110,867||-0.03||BEARISH|
|ANG Austin Engineering||0.22||4.8||1,029,374||-0.01||BEARISH|
|AJX Alexium International||0.12||4.5||408,959||0||BEARISH|