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

Oil Search
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Daily trading performance for OSH has initiated a short term uptrend
Close Tod Vs Close Yest /
Daily trading performance for OSH has initiated a short term uptrend

[BULLISH]: Oil Searchbuyers are currently keener than sellers and are driving the price up. This is the first day of price rise for OSH adding strength to an uptrend change in the first timeframe. The biggest upward movement this month has been 2.1 & the greatest daily positive change this year has been 3.6. The longest consecutive upswing rally over the last 12 months has been 5 days giving a total rally upward movement of 8.8%. This quarter, the largest upswing rally has been 5 days giving a total rally upward movement of 5%. The win ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily upward movement has been 1.000000%

Oil Search: Bull Harami
Bull Harami /
Oil Search: Bull Harami

[BULLISH]: Oil Search has formed a new Bull Harami reversal pattern.

Moving Average Envelope /
Oversold signal continues for Oil Search indicating upward price movement is likely

[BULLISH]: Oil Search current trading has maintained the Envelope Bands to oversold status and signalled the continuation of the bullish trading conditions. Currently, the Lower Band is 7.0965.

Price Range /
Range for OSH has not surpassed the range of the previous trading session

[BEARISH]: Oil Search current downtrend in the first timeframe. Currently, the Range is $0.0900.

Williams %R /
Oil Search is no longer overbought and normal trading conditions are resumed

[BULLISH]: Oil Search is currently Oversold highlighting the potential for a short term trend reversal in the upward direction.

Demarks Pivot Points /
Oil Search has broken the first DeMark resistance point ($7.8175) [Bullish]

Oil Search has broken the first DeMark support point ($7.8175) [Bearish]. Look for a short limit order entry near this point. Exit price for OSH should be set @$7.7550 & short position stoploss for Oil Search should be set at $7.8450

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Close Tod Vs Range Tod /
Oil Search: Sellers are in control at the market close.

[BEARISH]: Oil Search sellers in control. There has been 2 consecutive days of prices closing in the lower part of the trading range for Oil Search adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 78 trading days with the closing price in the lower part of the range giving a confirmation ratio of 29.7%. Over the last month there has been 6 trading days with the closing price in the lower range giving a confirmation ratio of 35.3%. Currently this quarter, closing price has spent 6 days in the lower price range compared to 6 days in the upper range giving a ratio of 1x.

Simple Moving Average(5) signal continues for Oil Search indicating upward price movement is likely
Simple Moving Average /
Simple Moving Average(5) signal continues for Oil Search indicating upward price movement is likely

[BEARISH]: Oil Search currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.3%.

14-day volume rate of change is decreasing for Oil Search
Volume Rate of Change /
14-day volume rate of change is decreasing for Oil Search

[BEARISH]: Oil Search currently has negative rate of change of -49.0000%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.3000%.

Percentage Volume /
Oil Search: Percentage Volume Oscillator (-8.0000)

[BEARISH]: Oil Search currently has negative PVO -8.0000%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 0.6%.

Hook Reversal /
A short term Hook Reversal has formed with Oil Search

[BEARISH]: A short term Hook Reversal has formed with Oil Search which confirms the presence of a bearish bar reversal. Over the last 12 months there have been 2 occurrences of this bar reversal giving a signal probability of 0.8%.

On Balance Volume /
Traders are currently accumulating Oil Search

[BULLISH]: Oil Search current price has highlighted recent accumulation. Currently, the OBV is 14590151.0000.

Oil Search: Daily volume performance is -17.3 [Downtrend]
Volume /
Oil Search: Daily volume performance is -17.3 [Downtrend]

[BEARISH]: Oil Search current volume downtrend in the first timeframe. Volume for OSH is2046620 (-17.3).

Oil Search: Average Directional Index (24.2300) has confirmed a weak trend is present
Average Directional Movement /
Oil Search: Average Directional Index (24.2300) has confirmed a weak trend is present

OSH: Average Directional Index Current Signal -> (1) 24 Apr: TREND WEAK (2) 23 Apr: TREND WEAK (3) 24 Apr: TREND STRONG

Medium Trend /
Oil Search: 2nd timeframe trend Uptrend remains intact

OSH: Medium Term Recent Trading -> (1) 24 Apr: Uptrend (2) 23 Apr: Uptrend (3) 24 Apr: Uptrend

Percentage Price /
The current price is still gaining momentum through a rise for OSH on the short term EMA.

[BULLISH]: Oil Search currently has positive PPO 1.9000%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Short Black Candle /
OSH Basic Candle: Short Black

[BEARISH]: Oil Search has formed a Short Black candlestick. This means, OSH has limited price movement derived from weak selling pressure. Given the limited timeframe in which signal has formed, further confirmation is required through volume and additional technical indicators.

Oil Search: The CCI overbought signal has been confirmed
Commodity Channel Index /
Oil Search: The CCI overbought signal has been confirmed

[BEARISH]: Oil Search current trading has maintained the Commodity Channel Index to overbought status and signalled the continuation of the bearish trading conditions. Currently, the CCI is 105.0000. The bearish signal has been active for 0 day. During the quarter, the highest CCI value was 228.

The 61.8% Fibonacci fan level for OSH is bearish. Stoploss should be positioned @$6.6000
Fibonacci Fans /
The 61.8% Fibonacci fan level for OSH is bearish. Stoploss should be positioned @$6.6000

Oil Search has moved below the 61.8% retracement level ($8.2000) [Bearish]. Look for a short limit order entry near this point. Exit price for OSH should be set @$6.6000 & short position stoploss for Oil Search should be set between $6.6000

OSH has achieved a lower high of $7.8800 (-0.3 %)
High Price /
OSH has achieved a lower high of $7.8800 (-0.3 %)

[BEARISH]: Oil Search current downtrend in the first timeframe. Currently, the HIGH is -0.3 %.

Rate of Change /
ROC continues to rise for Oil Search signalling an uptrend will persist

[BULLISH]: Oil Search currently has positive rate of change of 8.5000%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Fibonacci Extensions /
Stoploss for Oil Search should be set at $5.8300

Oil Search: The current Fibonacci Extension levels are: (23.61%) $7.7000: (38.2%) $7.5700: (50%) $7.4700: (61.8%) $7.3700The current support levels are: (78.6%) $7.2200: (100%) $7.0300: (138.2%) $6.6900: (161.8%) $6.4900: (261.8%) $5.6100: (423.61%) $4.1800

Daily Volume Index /
Oil Search: Current trading activity signals DVI distribution has commenced

OSH: DVI Current Signal -> (1) 24 Apr: BEARISH CROSSOVER (2) 23 Apr: BULLISH (3) 24 Apr: BULLISH

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

[BULLISH]: Oil Search is in an uptrend in the medium term timeframe.. The highest rally for the month is 17

Oil Search: Current trading activity signals distribution is present
Accumulation / Distribution /
Oil Search: Current trading activity signals distribution is present

[BEARISH]: Oil Search current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -14660892.0000. day.

Price & volume confirms continued buying pressure for Oil Search is likely
Elders Force Index /
Price & volume confirms continued buying pressure for Oil Search is likely

OSH: Elders Force Index Current Signal -> (1) 24 Apr: BULLISH (2) 23 Apr: BULLISH (3) 20 Apr: BULLISH

Exponential Moving Average /
Price continues to trade above the Exponential Moving Average(5) for OSH

[BULLISH]: Oil Search currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.3%.

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