Technical analysis from Oil Search (OSH.AX, ASX:OSH) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Oil Search
+ Share

The MACD continues to fall below the signal line for OSH [Bearish]
MACD /
The MACD continues to fall below the signal line for OSH [Bearish]

[BEARISH]: Oil Search currently has negative MACD of -0.006000. This means the signal line is less than the MACD line signalling a bearish movement. Currently, the return on MACD is 0.3%.

Accumulation still active for Oil Search
Accumulation / Distribution /
Accumulation still active for Oil Search

OSH: ADLINE Current Signal -> (1) 20 Oct: BULLISH (2) 19 Oct: BULLISH (3) 18 Oct: BULLISH

Closing Price /
[Bullish]: Oil Search has beaten previous close by 0.3 %

[BULLISH]: Oil Search current uptrend in the first timeframe. Currently, the Close is $7.18.

Daily Volume Index /
DVI: Accumulation still active for Oil Search

[BULLISH]: Oil Search current accumulation has given strength to the share price and the continuation of bullish trading conditions.

PROFIT /
Operating profitability for Oil Search is now $970.78M

Oil Search Key financial metrics: (1) Revenue: $1.33B (2) EBITDA: $970.78M (3) Price-Sales ratio: 8.18

On Balance Volume /
OBV: Accumulation still active for Oil Search

[BULLISH]: Oil Search current price has highlighted recent accumulation. Currently, the OBV is 4.43349e+007.

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Chaikin Money Flow /
Chaikin Oscillator Crossover & signal change for OSH

[BULLISH CROSSOVER]: Oil Search current price has highlighted recent buying pressure and the start of a bullish trading conditions. Currently, the CMF is 0.13. During the quarter, the highest CMF value was 0.13

[Downtrend]: Recent trading for OSH indicates ST trend is likely to continue
Weighted Moving Average /
[Downtrend]: Recent trading for OSH indicates ST trend is likely to continue

[BEARISH]: Oil Search currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.3%.

Oil Search has moved above the 161.8% extension level ($2.87) [Bearish]
Fibonacci Extensions /
Oil Search has moved above the 161.8% extension level ($2.87) [Bearish]

Oil Search has moved above the 161.8% level ($2.87) [Bearish]. Look for a short limit order entry near this point. Exit price for OSH should be set @$3.16 & short position stoploss for Oil Search should be set at $2.58

Moving Average Envelope /
Envelope bands Oversold signal is still current for Oil Search [Bullish]

[BEARISH]: Oil Search current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 7.3815.

Coles Reaction Day /
OSH: Short term trend has confirmed a reaction day

OSH: CRD Current Signal -> (1) 20 Oct: BEARISH (2) 19 Oct: NEUTRAL (3) 18 Oct: NEUTRAL

GROWTH /
OSH: The current assets are valued at $3.16

Oil Search Key financial metrics: (1) Book Value: $3.16 (2) Market-to-Book ratio: 2.26 (3) PEG Ratio: 56.54

Oil Search: Ex-Dividend Date
Ex-Dividend /
Oil Search: Ex-Dividend Date

The last ex-dividend date recorded for OSH occurred on the Mar 7 2017. This event was 227 days from the current trading day.

Oil Search: Volume MACD (-56122)
MACD Volume /
Oil Search: Volume MACD (-56122)

[BEARISH]: Oil Search currently has negative Volume MACD of -56122. This means the signal line is less than the Volume MACD line signalling a bearish movement.

Ease of Movement /
Oil Search: Ease of Movement(-0.094)

OSH: EOM Recent Trading -> (1) 20 Oct: -0.094 (2) 19 Oct: -0.096 (3) 18 Oct: -0.312

Percentage Price /
Oil Search: Price Percentage Oscillator (1.300)

[BULLISH]: Oil Search currently has positive PPO 1.300%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Close Tod Vs Close Yest /
Buyers are now keener than sellers for Oil Search & are driving the price up.

OSH: Recent performance signals ->(1) 20 Oct: BULLISH (2) 19 Oct: NEUTRAL (3) 18 Oct: NEUTRAL

Oil Search: Daily volume is 1.70015e+006 [Lower Volume]
Volume /
Oil Search: Daily volume is 1.70015e+006 [Lower Volume]

[BEARISH]: Oil Search current volume downtrend in the first timeframe. Volume for OSH is1.70015e+006 (-32.3).

Limit order for a short position has been identified for Oil Search [Bearish]
Pivot Points /
Limit order for a short position has been identified for Oil Search [Bearish]

Oil Search current pivot point is: 7.133. The current resistance levels are: (R1) $7.236: (R2) $7.293: (R3) $7.396: The current support levels are: (S1) $7.076: (S2) $6.973: (S3) $6.916

Oil Search has moved above the R1 DeMark pivot point ($7.1475) [Bullish]
Demarks Pivot Points /
Oil Search has moved above the R1 DeMark pivot point ($7.1475) [Bullish]

Oil Search has broken the first DeMark resistance point ($7.1475) [Bullish]. Look for a long limit order entry near this point. Exit price for OSH should be set @$7.265 & Stoploss for Oil Search should be set at $7.105

Volume Rate of Change /
Negative VROC for Oil Search is a leading indicator for continued price fall

[BEARISH]: Oil Search currently has negative rate of change of -46%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.3%.

High Price /
[Bullish]: Oil Search has beaten previous high by 0.1 %

[BULLISH]: Oil Search current uptrend in the first timeframe. Currently, the HIGH is 0.1 %.

TRADE /
Oil Search: Number of shares outstanding is 1523631000

Oil Search key financial metrics: (1) MCAP: $10.94B (2) Shares: 1523631000 (3) Free Float: 1167071000

Medium Trend /
Daily bar has maintained 2nd timeframe Uptrend for OSH

[BULLISH]: Oil Search has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Oct 12 2017.

Oil Search: Buyers were in control all day.
Open Tod Vs Close Tod /
Oil Search: Buyers were in control all day.

[BULLISH STRONG]: Oil Search opened in the lower part of daily range at 25% & closed in the upper part of the trading range at 93.7%. This suggests the buyers were in control all day. Over the last 12 months there has been 43 trading days with the opening price in the lower shadow & the closing the price in the upper shadow giving a confirmation ratio of 16.3%. Over the last month there has been 2 trading days with the opening price in the lower price range & the closing the price in the upper price range giving a confirmation ratio of 13.3%.

Oil Search: 3rd timeframe trend Uptrend remains intact
Long Trend /
Oil Search: 3rd timeframe trend Uptrend remains intact

[BULLISH]: Oil Search has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Aug 22 2017.

Long White Candle /
OSH Basic Candle: Long White

[BULLISH]: Oil Search has formed a Long White candlestick. This means, OSH has traded with strong buying pressure throughout the day adding strength to previous short term trends. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

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